Active Listing  ·  120 days on market

117 Keswick Dr

Spicewood, TX 78669
$441,250
3 Bed 3 Bath 2,475 sqft $178/sqft Built 2005 0.39 acres 2-Car Garage Pool Windermere Oaks

Welcome to 117 Keswick Dr in Spicewood, located in the desirable Windermere Oaks community. This home offers 3 bedrooms, 3 full baths, 2 dining areas, 2 living areas, and a flexible study, studio, or bonus area on the second floor. The layout provides comfortable everyday living with space for entertaining, working from home, or creating a dedicated hobby area. Lot 115 Keswick Dr is also available for sale separately and may be purchased together with the home, offering an added opportunity for more outdoor space, privacy, or future possibilities. Enjoy peaceful Hill Country surroundings with access to community amenities including lake, pool, and tennis court features.

At $178/sqft, this home is 67% 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

117 Keswick Dr, Spicewood, TX 78669

Property Details

Price $441,250
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,475 sqft
Lot Size 0.39 acres (17,136.5 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Windermere Oaks
County Burnet
Zip Code 78669
$/sqft $178/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,214.46
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229036423
List Date July 15, 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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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 15, 2026 $510,000
Current ask $441,250
▼ Reduced $68,750 (-13.5%) 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
413 Bedford Dr
Windermere Oaks
$450,000 $233 3 bd / 2 ba 1,933 sqft , 2026-06-06
313 Kendall Dr
Windermere Oaks
$523,000 $223 3 bd / 2 ba 2,350 sqft , 2026-09-10
339 Quail Run Ct
Ridge Harbor
$575,000 $259 4 bd / 3 ba 2,221 sqft , 2024-04-25

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
$2,118/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
$88,250
20% conventional investment loan

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

Estimated Gross Rent+$2,118
Principal + Interest−$2,408
Property Tax (assumed ~2.1%)−$772
Insurance (assumed ~0.5%)−$184
Est. Monthly Cash Flow $-1,246

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 November 11, 2026.

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

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