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FOR SALE
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$225,000

Reduced $75K

20823 Colorado DR, Spicewood, TX 78669

Est. Mortgage $1,189/mo

0.92

acres

Multiple Lots (Adjacent)
0.92 Acre Lot
$243,454/acre
Request property documents
OVERVIEW

About this home

2 Fantastic lots with view of Lake Travis and gorgeous trees being sold together. Acreage of combined lots: .9242 Combined survey available. Terraced lot, mature trees, and access to Lake Travis. Just a 3 minute walk, or drive down for boating fun! Well and Septic needed. Lake Travis access with concrete boat ramp. Only 8.9 miles from Pace Bend Park and Trail. 2 Lots are included. 20823 (Lot 73) and 20819 (Lot 74). Restrictions: yes See attached contract Addendum A, to be signed and submitted with any offers. Optional HOA: $150 for the year gives you park access with a gate combo. LEA membership is voluntary and the main function for LEA is park maintenance, keeping the taxes paid, liability insurance paid and lights on at the park. LEA, on occasion, will act as the de facto representative for the Lakewood Estates subdivision. LEA owns and maintains a 3 slip marina at the park and there is a waiting list for slips. There are 3 privately owned boat docks which are grandfathered and will be removed once those owners' properties change ownership; current LEA rules prohibit additional private docks.As for lake access, our ramp is at least 25 feet out of the water since we're on the cliff side of the lake. The closest ramp that's still open and in water is in Pace Bend Park in Mudd Cove.

Listings checked every few minutes. MLS# 6477138 was Last Updated: 05-12-2026.

Listed by Realty Texas LLC (800) 660-1022

Listing courtesy of Unlock MLS as distributed by MLS Grid. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but is not guaranteed accurate by MLS Grid or Unlock MLS.

What is the Lakewood Estates neighborhood like?

Lakewood Estates is a residential subdivision in the Spicewood area of western Travis County, Texas, situated along the northern shore of Lake Travis. The community is located off Highway 71 west of Bee Cave and Lakeway, within the 78669 zip code. Lakewood Estates sits in the rolling Hill Country terrain characteristic of this part of Travis County, with mature live oak and juniper woodland surrounding the homes. The neighborhood provides relatively easy access to both the lake and the rural character of the Spicewood area while remaining within a 30- to 40-minute drive of downtown Austin.

Explore Lakewood Estates

What employers are near 20823 Colorado DR?

  • Lake Travis ISD (Education)
  • Baylor Scott & White Medical Center – Lakeway (Healthcare)
  • Hill Country Galleria (Retail/Hospitality)

How does this property compare to others in Lakewood Estates?

20823 Colorado DR is listed at $225K vs. the $1.5M median in Lakewood Estates. Homes in Lakewood Estates average 349 days on market.

MetricLakewood Estates
Median List Price$1.5M
Median Sold Price$530K
Average Days on Market349
Average Price per Sqft$432
Active Listings1

Market data as of September 2026.

Frequently Asked Questions

How much is 20823 Colorado DR?

20823 Colorado DR is listed for $225,000. It features 0.9242 acres.

What neighborhood is 20823 Colorado DR in?

20823 Colorado DR is located in the Lakewood Estates neighborhood of Spicewood, Texas.

How does 20823 Colorado DR compare to other homes in Lakewood Estates?

The asking price of $225,000 is 84.9% lower than the median home price of $1.5M in Lakewood Estates.

What are the details of 20823 Colorado DR?

20823 Colorado DR sits on 0.9242 acres of land, and is a multiple lots (adjacent) style home.