Active Listing  ·  1125 days on market

19586 Sandcastle Dr

Spicewood, TX 78669
$3,995,000
4 Bed 5 Bath 5,074 sqft $787/sqft Built 2004 6.37 acres 3-Car Garage Pool Waterfront Coves On Lake Travis Ph 1 Sec

Escape to this striking one owner, single level, custom built waterfront estate located in Travis County. This well appointed home is peacefully situated on 6+ acres. Breathtaking views overlook deep water Lake Travis, as well as vistas of tranquil spaces studded with oak trees. The 15+ acre community park and marina are located next to and below this estate, offering undeveloped neighboring land for your enjoyment at this once in a lifetime restful residential resort. The Hill Country Ranch architecture has been constructed with the finest in design and materials. The covered front porch allows one to enjoy wooded landscapes and wildlife. The spacious family room is adorned with a floor to ceiling fireplace, wet bar, wood-beamed ceiling, and access outdoors. The open floor has a nearby gourmet kitchen featuring top of the line appliances, 2 islands, butler’s pantry, wine refrigerator, and more for the avid cook. There is a lovely primary suite with fireplace, verandah access, soaking tub, separate shower, and 2 walk in closets. A second primary suite and 2 additional en-suite bedrooms are located on the opposite side of the home. There is a handsome library with built in bookshelves and fireplace, and an office with built ins. Ease of indoor/outdoor living and entertaining! The rear yard includes a verandah of approx. 1,600 square feet, outdoor kitchen, sparkling pool and spa, and expansive grounds. Other features include pecan cabinetry and built ins, cherry wood millwork, Italian limestone, quartz, Saltillo tile, granite, mesquite flooring, custom tiles, triple-zoned HVAC, security system, well insulated construction, metal roof, and huge garage with storage room. The estate has access to a community water supply, private well, and access to Lake Travis water. There is a community tennis and pickleball court, a gazebo and barbecue area, and marina with 18 slips. Lake Travis ISD. A boat slip is available. Outlined aerial photo is approximate, Buyer to verify.

At $787/sqft, this home is priced 55% 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

19586 Sandcastle Dr, Spicewood, TX 78669

Property Details

Price $3,995,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 5,074 sqft
Lot Size 6.37 acres (277,302.96 sqft)
Year Built 2004
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Coves On Lake Travis Ph 1 Sec
County Travis
Zip Code 78669
$/sqft $787/sqft
Days on Market ,
HOA $3,100/Annually
Annual Tax Est. $40,885.29
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT119083986
List Date August 26, 2023
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.

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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 · August 26, 2023 $4,750,000
Previous ask $4,250,000
Current ask $3,995,000
Reduced $755,000 (-15.9%) 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
19559 Sandcastle Dr
Coves On Lake Travis The Ph 1
$3,480,000 $757 4 bd / 5 ba 4,600 sqft , 2026-07-02
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
19604 Flying J Blvd
Reserve At Lake Travis
$2,750,000 $538 4 bd / 5 ba 5,108 sqft , 2026-03-03
1817 Knights Chance Ln
Reserve At Lake Travis
$2,650,000 $509 5 bd / 6 ba 5,208 sqft , 2026-06-18
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

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
$19,176/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
$799,000
20% conventional investment loan

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

Estimated Gross Rent+$19,176
Principal + Interest−$21,802
Property Tax (~2.1% TX avg)−$6,991
Insurance (~0.5%)−$1,665
Est. Monthly Cash Flow $-11,282

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 August 21, 2026.

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