About This Home

This is a lot of house for the price and its walk to the water !!!

Steps to the water ! Get the Kayaks ready! This 3 bedroom custom home is so special, you may find yourself never wanting to leave. Sunset views in the evening, and morning swims or boating in the calm waters of this area of Lake Travis. Roomy and even has a large game room upstairs. Fully furnished and a boatslip can be negotiated.

At $356/sqft, this home is 34% 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

1017 Coventry Rd, Spicewood, TX 78669

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Property Details

Price $1,099,000

Status Active Listing

Beds 3

Full Baths 3

Half Baths 1

Living Area 3,088 sqft

Lot Size 0.86 acres (37,461.6 sqft)

Year Built 2003

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Windermere Oaks

County Burnet

Zip Code 78669

$/sqft $356/sqft

Days on Market ,

HOA $710/Annually

Annual Tax Est. $10,652.42

Pool Yes

Waterfront Yes

New Construction ,

MLS # ACT241287431

List Date July 26, 2026

Elementary School Spicewood (Marble Falls ISD)

Middle School Marble Falls

High School Marble Falls

School District Marble Falls ISD

School District

Marble Falls ISD

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

Have Questions About This Property?

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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 26, 2026 $1,099,900

Current ask $1,099,000

▼ Reduced $900 (-0.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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

100 Derby Dr
Windermere Oaks $965,000 $277 4 bd / 3 ba 3,478 sqft , 2026-10-05

1005 County Road 414 None
A0776 $1,250,000 $572 3 bd / 2 ba 2,185 sqft , 2025-08-21

509 Coventry Rd
Windermere Oaks $749,000 $218 4 bd / 5 ba 3,441 sqft , 2026-03-26

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

$5,275/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

$219,800

20% conventional investment loan

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

Estimated Gross Rent+$5,275

Principal + Interest−$5,998

Property Tax (assumed ~2.1%)−$1,923

Insurance (assumed ~0.5%)−$458

Est. Monthly Cash Flow $-3,104

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

About the Author

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 12, 2026.

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

1017 Coventry Rd

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Spicewood, TX

More Luxury Homes in Spicewood

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