Active Listing  ·  242 days on market

115 Hill Loop

Spicewood, TX 78669
$649,000
3 Bed 4 Bath 3,069 sqft $211/sqft Built 2006 0.04 acres 2-Car Garage Pool Windermere Oaks
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About This Home

There's nothing quite like the panoramic views of Lake Travis in the morning, evening, and all day long! Weekends or full time...this home is a comfort. Quality finishes throughout with a large island kitchen that gives room for all the cooks in the family. Granite counters, Dumb waiter, ice maker, trash compactor, double oven, prep sink, & more. Kohler 8" spread faucets in the bathrooms, beautiful custom made distressed cabinetry. Hand scraped wood flooring. Large stone fireplace, extra large living room deck. Just steps to the Hill Pool and a short golf cart drive to the boat launch. House plans show 3069 Sq Ft. Boat slip available. Most furniture can convey....great lock and leave , or Air BNB.

At $211/sqft, this home is 61% 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

115 Hill Loop, Spicewood, TX 78669

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Property Details

Price $649,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 3,069 sqft
Lot Size 0.04 acres (1,960.2 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Windermere Oaks
County Burnet
Zip Code 78669
$/sqft $211/sqft
Days on Market ,
HOA $650/Annually
Annual Tax Est. $8,840.72
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222620612
List Date March 15, 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 · March 15, 2026 $699,900
Previous ask $649,900
Current ask $649,000
▼ Reduced $50,900 (-7.3%) 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
400 Bedford Dr
Windermere Oaks $695,000 $233 4 bd / 3 ba 2,988 sqft , 2026-09-30
339 Quail Run Ct
Ridge Harbor $575,000 $259 4 bd / 3 ba 2,221 sqft , 2024-04-25
509 Coventry Rd
Windermere Oaks $749,000 $218 4 bd / 5 ba 3,441 sqft , 2026-03-26
313 Kendall Dr
Windermere Oaks $523,000 $223 3 bd / 2 ba 2,350 sqft , 2026-09-10
117 Keswick Dr
Windermere Oaks $441,250 $178 3 bd / 3 ba 2,475 sqft , 2026-07-15

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
$3,115/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
$129,800
20% conventional investment loan

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

Estimated Gross Rent+$3,115
Principal + Interest−$3,542
Property Tax (assumed ~2.1%)−$1,136
Insurance (assumed ~0.5%)−$270
Est. Monthly Cash Flow $-1,833

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 12, 2026.

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

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