Active Listing  ·  38 days on market

100 Derby Dr

Spicewood, TX 78669
$965,000
4 Bed 3 Bath 3,478 sqft $277/sqft Built 1993 1.69 acres 3-Car Garage Pool Windermere Oaks

Architecture, views and Lake Travis living come together at 100 Derby Drive, an updated mid-century-inspired retreat tucked into the trees of gated Windermere Oaks. Set on 1.69 acs, this distinctive multi-level home embraces its elevated setting, with walls of windows and expansive decks framing sweeping views across Lake Travis and the surrounding Hill Country. Inside, nearly 3,500 square feet offers character you simply don't find in every home—Pella windows and doors, hardwood and slate floors, dramatic stone fireplaces and light-filled spaces designed for gathering, entertaining and quiet retreat. The updated kitchen features quartzite surfaces and a wine refrigerator, while flexible living areas offer options for a dedicated home office, media space, fitness room or guest retreat. The spacious primary suite becomes its own escape with a sitting area, renovated bath and elevated views. Outside, the decks extend the living space into the treetops, creating memorable settings for morning coffee, sunset dinners or evenings around the outdoor fireplace. When it's time to trade the laptop for the lake, a dedicated boat slip makes getting on Lake Travis easy. Windermere Oaks adds gated privacy, marina and boat ramp access, community pool and tennis/pickleball. Don't forget the nearby airstrip for ultimate convenience! Private, distinctive and refreshingly different, this is Hill Country living with a view—and a Lake Travis lifestyle ready to be lived. If you want a tucked away lifestyle, this is a must see!

At $277/sqft, this home is 49% below the Spicewood active market average of $540/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

100 Derby Dr, Spicewood, TX 78669

Property Details

Price $965,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 3,478 sqft
Lot Size 1.69 acres (73,616.4 sqft)
Year Built 1993
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Windermere Oaks
County Burnet
Zip Code 78669
$/sqft $277/sqft
Days on Market ,
HOA $495/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248377678
List Date October 5, 2026
Elementary School Spicewood (Marble Falls ISD)
Middle School Marble Falls
High School Marble Falls
School District Marble Falls ISD

Marble Falls ISD

Spicewood (Marble Falls ISD) · Marble Falls · Marble Falls

Luke Allen (TREC #788149) has deep knowledge of Spicewood and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Spicewood

Comparable Listings Right Now

Homes currently for sale in Spicewood with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
155 Contrails Way
Pilots Landing
$999,900 $251 3 bd / 2 ba 3,976 sqft , 2026-10-20
1017 Coventry Rd
Windermere Oaks
$1,099,000 $356 3 bd / 4 ba 3,088 sqft , 2026-07-26
509 Coventry Rd
Windermere Oaks
$749,000 $218 4 bd / 5 ba 3,441 sqft , 2026-03-26
400 Bedford Dr
Windermere Oaks
$695,000 $233 4 bd / 3 ba 2,988 sqft , 2026-09-30
115 Hill Loop
Windermere Oaks
$649,000 $211 3 bd / 4 ba 3,069 sqft , 2026-03-15

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$4,632/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$193,000
20% conventional investment loan

Monthly Cash Flow Breakdown (assumes 20% down · 7.25% rate)

Estimated Gross Rent+$4,632
Principal + Interest−$5,266
Property Tax (assumed ~2.1%)−$1,689
Insurance (assumed ~0.5%)−$402
Est. Monthly Cash Flow $-2,725

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Spicewood, TX

Spicewood sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 41 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. The written content was last updated on October 6, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

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