Active Listing  ·  97 days on market

1817 Knights Chance Ln

Spicewood, TX 78669
$2,650,000
5 Bed 6 Bath 5,208 sqft $509/sqft Built 2014 1.50 acres 5-Car Garage Pool Reserve At Lake Travis

Crafted by Seven Custom Homes, this exceptional estate in the gated community of The Reserve at Lake Travis blends timeless architecture with resort-style living. A striking limestone and stucco exterior, standing seam metal roof, steel and glass entry door, soaring ceilings, wide-plank wood floors, designer lighting, floating beams, and walls of sliding glass doors create an impressive yet inviting atmosphere.

The gourmet kitchen is designed for everyday living and entertaining, featuring quartz countertops, custom cabinetry, a large center island, walk-in pantry, and premium Thermador appliances. The open-concept floor plan flows seamlessly between the kitchen, dining, and living areas.

The main level offers a private office, spacious living room with fireplace, game room, pool bath, oversized utility room, two secondary bedroom suites, and a luxurious primary retreat with a spa-inspired bath and boutique-style walk-in closet. The primary suite enjoys direct access to the outdoor living area and pool.

Upstairs includes a large game room, built-in workspace, two additional bedrooms with a shared bath, and a powder bath.

The outdoor living space features a large covered patio overlooking the resort-style pool and spa with waterfalls. An outdoor kitchen, firepit, dedicated stage platform, and private backyard create the perfect setting for entertaining and relaxation. Professional landscaping and architectural lighting enhance the resort-like atmosphere.

A five-car garage includes a separate oversized two-car garage designed to accommodate a Sprinter van.

Residents enjoy access to a private marina, waterfront park, resort-style pool, pickleball courts, fitness facilities, and an active lakefront lifestyle surrounded by the beauty of Lake Travis and the Texas Hill Country.

At $509/sqft, this home is priced in line with the Spicewood market average of $509/sqft across 243 active listings. View Austin market report →

Location

1817 Knights Chance Ln, Spicewood, TX 78669

Property Details

Price $2,650,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths 1
Living Area 5,208 sqft
Lot Size 1.50 acres (65,383.56 sqft)
Year Built 2014
Garage 5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Reserve At Lake Travis
County Travis
Zip Code 78669
$/sqft $509/sqft
Days on Market ,
HOA $795/Quarterly
Annual Tax Est. $45,264.18
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236558378
List Date June 18, 2026
Elementary School West Cypress Hills
Middle School Lake Travis
High School Lake Travis
School District ,

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.

Schedule a Call →

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
821 S Angel Light Dr
La Isla At Angel Bay Sec 02
$2,599,000 $610 5 bd / 6 ba 4,259 sqft , 2026-02-25
1400 Watercliffe Dr
Waterford On Lake Travis Sec. 3
$2,550,000 $636 4 bd / 4 ba 4,007 sqft , 2026-02-02
19604 Flying J Blvd
Reserve At Lake Travis
$2,750,000 $538 4 bd / 5 ba 5,108 sqft , 2026-03-03
19204 Secretariat Pl
Reserve At Lake Travis
$2,500,000 $525 4 bd / 6 ba 4,764 sqft , 2025-01-09
2208 Seabiscuit Cv #133
Reserve at Lake Travis
$2,250,000 $659 5 bd / 5 ba 3,413 sqft , 2026-03-27

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
$12,720/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
$530,000
20% conventional investment loan

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

Estimated Gross Rent+$12,720
Principal + Interest−$14,462
Property Tax (~2.1% TX avg)−$4,638
Insurance (~0.5%)−$1,104
Est. Monthly Cash Flow $-7,484

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 · 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 June 19, 2026.

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