600-Unit Oakley at Thomas Ranch Set to Start Construction in Spicewood
Wasatch Premier Properties' The Oakley at Thomas Ranch, 500 apartments and 100 for-sale townhomes at 1328 S. Paleface Ranch Rd in Spicewood, is scheduled to start construction in September 2026.
The Oakley at Thomas Ranch, a 600-unit residential development from Wasatch Premier Properties, is scheduled to start construction in September 2026 at 1328 S. Paleface Ranch Rd in Spicewood. Previously tracked as part of the broader Thomas Ranch proposal, the project now has a confirmed address.
Plans call for 500 apartments and 100 for-sale townhomes, with first occupancies expected in late 2027. Wasatch bought the 58-acre site in 2024.
The site sits along Paleface Ranch Road with access to SH 71, the corridor linking Spicewood to Bee Cave, Lakeway, and central Austin.
- Address
- 1328 S. Paleface Ranch Rd, Spicewood, TX 78669
- Units
- 600
- Sq ft
- 25,788
- Completion
- May 2028
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