3,000-home project set for Spicewood A $150 million project is expected to bring thousands of new rooftops and other development to the Spicewood area over the next 15 to 20 years — one of the largest master-planned communities proposed in recent years for a growing part of Central Texas. The Thomas Ranch development is planned for 2,200 acres off Texas 71 and Paleface Ranch Road, on property that straddles parts of western Travis and eastern Burnet counties. The Travis County Commissioners Court on Tuesday approved plans for developing the community. The project will also require approvals from Burnet County.
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