About This Home

Here is a rare opportunity to own and build on a beautiful waterfront lot in the deep waters of Bee Creek Cove. Five lots have been combined to create an expansive build site with gorgeous topography, mature trees, lush foliage, and a wet-weather creek with a beautiful waterfall.

This truly unique property offers the freedom to enjoy the land and waterfront now while taking your time to design and build your dream home. There is no timeline to build, no HOA, no building restrictions, and a low tax rate.

When you’re ready to build, the elevated corner homesite provides an impressive build site with commanding Hill Country and Lake Travis views. A rare combination of privacy, natural beauty, deep-water waterfront, and flexibility—this is an exceptional opportunity to create something truly special on Lake Travis.

Location

19725 Lakehurst Loop, Spicewood, TX 78669

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Property Details

Price $750,000

Status Active Listing

Beds ,

Full Baths ,

Half Baths ,

Living Area ,

Lot Size 2.04 acres (88,775.28 sqft)

Year Built ,

Garage ,

Stories ,

Type Land · Multiple Lots (Adjacent)

Subdivision Lakehurst Resub

County Travis

Zip Code 78669

$/sqft ,

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $6,831.65

Pool ,

Waterfront Yes

New Construction ,

MLS # ACT244210011

List Date August 22, 2026

Elementary School Rough Hollow

Middle School Lake Travis

High School Lake Travis

School District ,

Have Questions About This Property?

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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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

20203 Barnett Glenn Rd
Big Bee Creek 02 $550,000 $536 1 bd / 1 ba 1,026 sqft , 2026-05-16

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

$3,600/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

$150,000

20% conventional investment loan

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

Estimated Gross Rent+$3,600

Principal + Interest−$4,093

Property Tax (~2.1% TX avg)−$1,313

Insurance (~0.5%)−$313

Est. Monthly Cash Flow $-2,119

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

About the Author

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 22, 2026.

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

19725 Lakehurst Loop

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Spicewood, TX

More Luxury Homes in Spicewood

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