312 Paleface Point offers a rare opportunity to own the entire Deerhaven subdivision-three parcels totaling approximately 10.87 acres in Spicewood. The offering includes a 5.75-acre homesite with a 3,060 sqft residence plus 2 additional parcels (approx. 2.49 and 2.63 acres), creating a unified tract with flexibility and long-term potential. The property is currently used as a single homesite and taxed with a homestead exemption across the combined parcels. The 4-bedroom, 3.5-bath home features a flexible layout with 2 bedrooms on the main level and 2 upstairs, along with a dedicated main-level office/flex space overlooking the pool and grounds. The kitchen opens to the living area and is equipped with granite countertops, stainless appliances, Thermador 5-burner propane cooktop, Thermador double ovens, and cherry cabinetry. The living space is anchored by a striking two-story stone fireplace, creating a natural gathering point within the home. The primary suite includes double vanities, walk-in closets, a garden tub, and a spa-inspired sealed steam shower with dual shower heads. Insulated, heated/cooled garage offers ideal space for workshop, hobbies, or studio use. Outdoor features include a pool with fountains, stand-alone hot tub, rooftop observation deck with panoramic Hill Country views overlooking the Pedernales River, a 20x20 outbuilding, additional storage and an arched metal roof. Utilities include a private well with 2,500-gallon storage and booster pump, septic system, water softener, underground propane tank, and much of the gutterwork completed for a potential rainwater collection system. Located in Spicewood with a favorable tax rate of 1.54% and positioned in a high-growth corridor with practical access to Austin. Nearby amenities include Lake Travis access at Pace Bend Park and Muleshoe Bend, Grelle Recreation Area, and multiple golf options including Barton Creek Lakeside and Lakecliff, along with wineries, distilleries, and Hill Country recreation.