Active Listing  ·  160 days on market

15200 Spillman Ranch Loop

Austin, TX 78738
$1,125,000
5 Bed 6 Bath 4,512 sqft $249/sqft Built 2007 0.26 acres 3-Car Garage Pool Falconhead

Situated in the highly acclaimed community of Falconhead, set amongst the lush award winning Falconhead Golf Course, this impeccably upgraded home from the moment you arrive, does not disappoint. A manicured lawn, mature landscaping, 3 car tandem garage and stone facade set the tone for what awaits inside. Step through the grand entry and you’re immediately greeted by soaring ceilings, tile floors, and expansive windows that frame peaceful views. The sun-drenched living room is anchored by a fireplace and 2 story high ceilings. The seamless flow continues into the gourmet kitchen, outfitted with granite countertops, stainless steel appliances, a built-in cooktop, double ovens, under-cabinet lighting and an abundance of cabinetry. A charming sunroom/playroom extends from the breakfast area, offering flexibility for whatever your lifestyle needs. One of the LARGEST floor plans in all of Falconhead, this home boasts 5 spacious bedrooms, 5.5 bathrooms, 2 dining areas, 3 living areas, dual staircase and a dedicated office. The main-level features a the primary suite a peaceful escape, complete with a large bay window overlooking the backyard oasis, and a spa-like ensuite bath with dual vanities, a jetted tub, walk-in shower, and generous walk-in closet. A second bedroom also on the main level perfect for guests or family members. Upstairs, the spacious game room opens to a private balcony; the ideal perch for sipping a drink while enjoying panoramic views of the course. The resort-style backyard features plenty of space to lounge, dine, and entertain, all set against the backdrop of manicured lawn and blue skies. Additional highlights include a super low tax rate, and zoning to top-rated Lake Travis ISD schools, including Lake Pointe Elementary. Plus, enjoy walkable access to 2 neighborhood parks, miles of trails, and easy access to Lakeway, Bee Cave, and Austin.

At $249/sqft, this home is 36% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

15200 Spillman Ranch Loop, Austin, TX 78738

Property Details

Price $1,125,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths 1
Living Area 4,512 sqft
Lot Size 0.26 acres (11,482.42 sqft)
Year Built 2007
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Falconhead
County Travis
Zip Code 78738
$/sqft $249/sqft
Days on Market ,
HOA $138/Quarterly
Annual Tax Est. $15,859.28
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224943237
List Date April 16, 2026
Elementary School Lake Pointe
Middle School Bee Cave Middle School
High School Lake Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin 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 · April 16, 2026 $1,365,000
Previous ask $1,175,000
Current ask $1,125,000
Reduced $240,000 (-17.6%) 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 Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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
14608 SPILLMAN RANCH Loop
Spillman Ranch; Falconhead; Lakeway
$1,099,000 $276 4 bd / 4 ba 3,982 sqft , 2026-05-14
5203 Cueva Dr
Bee Caves West
$999,000 $339 5 bd / 4 ba 2,944 sqft , 2026-06-12
308 Lodestone Ln
Estates Of Flintrock The
$1,325,000 $300 4 bd / 5 ba 4,417 sqft , 2026-08-31
4020 Vail Dv
Falconhead West Ph 01 Sec 01
$914,000 $283 5 bd / 3 ba 3,231 sqft , 2026-05-30
5304 Via Besso Dr
Terra Colinas Ph 1
$899,990 $220 4 bd / 5 ba 4,091 sqft , 2026-04-02

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
$5,400/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
$225,000
20% conventional investment loan

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

Estimated Gross Rent+$5,400
Principal + Interest−$6,140
Property Tax (~2.1% TX avg)−$1,969
Insurance (~0.5%)−$469
Est. Monthly Cash Flow $-3,178

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 Austin, TX

Austin 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 · 30 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. This page was last updated on September 1, 2026.

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