Active Listing  ·  84 days on market

19559 Sandcastle Dr

Spicewood, TX 78669
$3,480,000
4 Bed 5 Bath 4,600 sqft $757/sqft Built 2026 2.34 acres 3-Car Garage Pool New Construction Coves On Lake Travis The Ph 1

This property comes with a BOAT SLIP!!

Perched above the deep waters of Lake Travis in the gated enclave of The Coves, this exceptional Spicewood estate offers a rare blend of privacy, master-class design, and resort-style living. Built by County Line Custom Homes and designed by Geschke Group Architecture, the single-story layout spans 4,600 square feet tailored for effortless living and unforgettable views. From the moment you enter, a continuous wall of floor-to-ceiling glass sliders dissolves the boundary between indoors and out, framing sweeping Hill Country vistas and filling the home with natural light. The soaring cathedral ceilings with warm white-oak beams crown the expansive great room, where a minimalist stone fireplace serves as a stunning focal point.

The epicurean kitchen is a chef’s dream, centering around a massive waterfall island and equipped with flat-panel oak cabinetry, premium stone countertops, a full-height slab backsplash, and a butler’s pantry. Nearby, a dramatic glass wine room adds a striking modern focal point to the open dining space. The thoughtfully arranged footprint spaces out the living areas perfectly, including a private study, a dedicated game room, and a secluded primary suite that serves as a peaceful escape, complete with a picture window overlooking the lake and a spa-inspired bath.

The interior spaces flow seamlessly to an expansive, covered outdoor veranda with its own stone fireplace and outdoor kitchen. Just beyond, the backyard transitions into a private luxury resort featuring a spectacular tiered, negative-edge pool with a cascading stone waterfall, and manicured landscaping set on 2.3 acres. Complete with a split 3-car garage, a dedicated boat slip, and access to premier community amenities like a marina, waterfront park, tennis, and pickleball courts, this estate delivers an unmatched standard of luxury within the highly acclaimed Lake Travis ISD.

At $757/sqft, this home is priced 49% above the Spicewood active market average of $508/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

19559 Sandcastle Dr, Spicewood, TX 78669

Property Details

Price $3,480,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 4,600 sqft
Lot Size 2.34 acres (101,930.4 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Coves On Lake Travis The Ph 1
County Travis
Zip Code 78669
$/sqft $757/sqft
Days on Market ,
HOA $2,175/Annually
Annual Tax Est. $17,405.09
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT232826013
List Date July 2, 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 →

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 2, 2026 $3,495,000
Previous ask $3,485,000
Current ask $3,480,000
Reduced $15,000 (-0.4%) 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
906 Moonlight Bay Dr
Coves On Lake Travis The Ph 1
$3,250,000 $719 4 bd / 6 ba 4,521 sqft , 2026-06-22
19586 Sandcastle Dr
Coves On Lake Travis Ph 1 Sec
$3,995,000 $787 4 bd / 5 ba 5,074 sqft , 2023-08-26
105 N Angel Light Dr
Angel Bay
$3,995,000 $799 4 bd / 5 ba 5,000 sqft , 2026-06-25
20607 Thurman Bend Rd
Angel Bay
$2,800,000 $489 5 bd / 6 ba 5,730 sqft , 2026-01-16
19604 Flying J Blvd
Reserve At Lake Travis
$2,750,000 $538 4 bd / 5 ba 5,108 sqft , 2026-03-03

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
$16,704/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
$696,000
20% conventional investment loan

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

Estimated Gross Rent+$16,704
Principal + Interest−$18,992
Property Tax (~2.1% TX avg)−$6,090
Insurance (~0.5%)−$1,450
Est. Monthly Cash Flow $-9,828

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

More Luxury Homes in Spicewood

Loading…
View All Luxury Homes →
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 12, 2026.

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