Funding type
This project is privately funded, on private land for private use.
The Oakley at Thomas Ranch
1328 S. Paleface Ranch RD, Spicewood, TX, 78669
The Oakley at Thomas Ranch is a new construction project at 1328 S. Paleface Ranch RD, Spicewood, in Travis County, TX, tracked from its Texas Department of Licensing and Regulation (TDLR) registration. Under construction, estimated completion May 2028. The project has an estimated value of $1.9M across about 25,788 sq ft.
- Estimated project value
- $1.9M
About this figure
Estimated construction cost supplied in the TDLR filing. This is not a current property appraisal or a final construction invoice.
- Reported floor area
- 25,788 ft²
About this figure
Square footage reported for this scope of work. It may cover only part of a larger property.
- Estimated cost / ft²
- $74/sqft
About this figure
Calculated from this filing’s estimated cost divided by its reported square footage. Available only when both figures are supplied; it is not a market benchmark.
- Scheduled duration
- 2y 7mo
About this figure
The interval between the filed start and completion dates. These dates describe the proposed schedule and do not measure actual construction progress.
The project record
Project timeline
Explore filed milestones and scheduled dates. Open a milestone for its source.
4 timeline dates shown.
Project registered · TDLR filing
Registration of the project with the Texas Department of Licensing and Regulation.
Source: TDLR filing
View source recordReview complete · TDLR filing
The filing records completion of the accessibility review.
Same day as the preceding date shown.
Source: TDLR filing
View source recordScheduled construction start · Scheduled date
A date supplied in the filing; this does not confirm that work started or finished.
106 days after the preceding date shown.
Source: TDLR filing
View source recordScheduled completion · Scheduled date
A date supplied in the filing; this does not confirm that work started or finished.
942 days after the preceding date shown.
Source: TDLR filing
View source record
📰About The Oakley at Thomas Ranch
The Oakley at Thomas Ranch is a new construction project in Spicewood, Travis County, featuring leasing and amenity centers for a 564-unit multi-family development. The filing specifies a total estimated cost of $1,915,500 for 25,788 square feet of work, which includes parking and sidewalks for the public leasing centers in phases I and II of the site.
Wasatch Acquisitions & Capital serves as the owner of record, while Hensley Lamkin Rachel, INC. is the registered design firm. Holly Respondek is the registered accessibility specialist for this project. The work is privately funded and located on private land for private use.
Project Timeline and Status
TDLR completed plan review in July 2025, and the status is Review Complete. Construction is scheduled to begin in November 2025 and is scheduled to finish in May 2028. This timeline represents a build window of 942 days, which is longer than the median scheduled build window of 304 days for similar new construction filings in Travis County.
The estimated cost per square foot is $74, which is below the county median of $125 per square foot for new construction projects. However, the total estimated cost of $1,915,500 is above the county median of $1,000,000. These figures are derived from TDLR-registered new construction filings in Travis County, where the middle half of costs range from $300,000 to $5,000,000.
The design firm, Hensley Lamkin Rachel, INC., has two other TDLR-registered projects totaling $2,305,929. These include Allora Melissa in Melissa, valued at $1,500,000 and closed, and Allora FM 973 in Austin, valued at $805,929 with review complete. The Oakley at Thomas Ranch is the third project registered with TDLR for this firm.
Spicewood, ZIP 78669, has an estimated population of about 11,980 residents with a median household income of $126,422. The area contains 5,967 housing units, and the median owner-occupied home value is $576,200. Housing in this ZIP code is predominantly owner-occupied, according to U.S. Census ACS 2023 five-year estimates.
Review Complete
Design review complete, construction may proceed
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The Oakley at Thomas Ranch is a New Construction project located at 1328 S. Paleface Ranch RD, Spicewood, TX 78669 in Spicewood, Texas. The project has an estimated value of $1.9M covering 25,788 sq ft. Wasatch Acquisitions & Capital is the property owner and Hensley Lamkin Rachel, INC. is the design firm of record. The project was registered with TDLR on July 18, 2025.
Frequently Asked Questions
What is the construction status of The Oakley at Thomas Ranch?
TDLR completed plan review in July 2025. Construction is scheduled to begin in November 2025 and is scheduled to finish in May 2028.
Who is the developer and design firm for this project?
Wasatch Acquisitions & Capital is the owner of record. Hensley Lamkin Rachel, INC. is the design firm, and Holly Respondek is the registered accessibility specialist.
What is the estimated cost and size of the project?
The project has an estimated cost of $1,915,500 and covers 25,788 square feet. The cost per square foot is $74.
Is The Oakley at Thomas Ranch open for business?
The TDLR record indicates construction status, not business operations. The project is scheduled to finish in May 2028.
Where is the project located?
The project is located at 1328 S. Paleface Ranch RD, Spicewood, TX 78669, in Travis County.
What is The Oakley at Thomas Ranch?
The Oakley at Thomas Ranch is a new construction project at 1328 S. Paleface Ranch RD in Spicewood, Texas, registered with the Texas Department of Licensing and Regulation (TDLR). Scope of work: Leasing and amenity centers for phase I & phase II portions of the site which has 564 total multi family units. Work includes parking and sidewalks for public leasing centers.
Is The Oakley at Thomas Ranch open in Spicewood?
The Oakley at Thomas Ranch is still under construction in Spicewood, TX, with an estimated completion of May 2028 according to its TDLR registration.
Where is The Oakley at Thomas Ranch located?
The Oakley at Thomas Ranch is located at 1328 S. Paleface Ranch RD, Spicewood, TX, 78669, in Travis County.
Who is the owner or developer of The Oakley at Thomas Ranch?
Wasatch Acquisitions & Capital is the property owner/developer of record for The Oakley at Thomas Ranch, per its TDLR project registration.
Who is the architect or design firm for The Oakley at Thomas Ranch?
Hensley Lamkin Rachel, INC. is the design firm of record for The Oakley at Thomas Ranch, according to its TDLR filing.
How much does The Oakley at Thomas Ranch cost and how big is it?
The Oakley at Thomas Ranch has an estimated construction value of $1.9M and approximately 25,788 square feet (about $74/sqft), based on its TDLR filing.
Scope of Work
Leasing and amenity centers for phase I & phase II portions of the site which has 564 total multi family units. Work includes parking and sidewalks for public leasing centers.
Note: This project is registered under the Texas Accessibility Standards (TAS) program. TDLR registration is required for commercial and public facility construction to ensure compliance with accessibility requirements under Texas Government Code Chapter 469.
Location & views
1328 S. Paleface Ranch RD, Spicewood, TX, 78669
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