Investor Special on 5.27 Acres in Paleface Ranch – Lake Travis ISD. Priced to sell and packed with potential, this 3-bedroom, 2-bath home sits on 5.27 private, tree-covered acres in the highly sought-after Paleface Ranch community. With 2,949 sq ft, a durable metal roof, and a spacious layout including a converted garage flex space, this property is ready for your vision. The septic system will require updating to support the expanded living area from the garage conversion, and the current pricing reflects the anticipated improvements needed. Surrounded by mature trees and offering exceptional privacy, the setting delivers the best of Hill Country living—plus access to the Pedernales River/Lake Travis via the community park and boat ramp. Whether you’re looking to renovate, invest, or create a custom retreat, the upside here is undeniable. The home is being sold as-is and is ideal for buyers ready to update and unlock its full potential. Located just minutes from Hwy 71, with easy access to Bee Cave, the Hill Country Galleria, and Austin, this is a rare opportunity to secure acreage in Lake Travis ISD at an attractive price point. Bring your contractor, your vision, and your offer—opportunities like this don’t last. Pricing reflects key improvements needed, creating a strong opportunity for buyers to customize and add value. Additionally, the HVAC system is in need of replacement and has been factored into the pricing. With solid bones and a functional layout, this property is ideal for investors or buyers looking to renovate to their own style. Enjoy the peaceful Hill Country setting with close proximity to the new Lake Travis High School coming soon, local marinas, and golf courses. Easy access to Hwy 71 offers a convenient commute to Austin while still enjoying the space and privacy of Spicewood living.