Active Listing  ·  100 days on market

20203 Barnett Glenn Rd

Spicewood, TX 78669
$550,000
1 Bed 1 Bath 1,026 sqft $536/sqft Built 1960 0.82 acres 2-Car Garage Pool Waterfront Big Bee Creek 02

Tucked away along the shores of Bee Creek on Lake Travis, this rare waterfront opportunity offers nearly 35,000 square feet of land, private water access, and endless potential in the heart of Spicewood. Set behind a gated gravel drive and surrounded by mature trees, the property features a charming lakeside cabin, private boat dock with lift, and sweeping water views that create the perfect Hill Country retreat. The approximately 1,000-square-foot cabin offers a relaxed, rustic feel with an open living area, wood-burning fireplace, updated kitchen finishes, and a screened porch overlooking the lake. Designed to embrace the outdoors, the property includes multiple patios and gathering spaces ideal for entertaining, grilling, or simply unwinding after a day on the water. Spend mornings with coffee on the porch, afternoons boating or paddleboarding from your private dock, and evenings watching colorful sunsets reflect across the water. ut the true value lies in the land itself. With nearly an acre of prime waterfront property, the possibilities are endless — enjoy it as a weekend escape, short-term rental opportunity, private lake retreat, or build your dream waterfront home in one of the most scenic pockets of Lake Travis. The gently sloping lot offers direct access to the shoreline while maintaining elevated views of Bee Creek and the surrounding Hill Country landscape. Located within Lake Travis ISD and just minutes from Lakeway, Bee Cave, marinas, golf courses, wineries, and local dining, this property combines peaceful lake living with convenient access to nearby amenities. Rarely does an opportunity like this come available with private waterfront access, usable land, and limitless potential all in one package. Schedule a showing today!

At $536/sqft, this home is priced 8% above the Spicewood active market average of $497/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

20203 Barnett Glenn Rd, Spicewood, TX 78669

Property Details

Price $550,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 1,026 sqft
Lot Size 0.82 acres (35,658.22 sqft)
Year Built 1960
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Big Bee Creek 02
County Travis
Zip Code 78669
$/sqft $536/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,090.05
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT229762125
List Date May 16, 2026
Elementary School West Cypress Hills
Middle School Hudson Bend
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 · May 16, 2026 $575,000
Current ask $550,000
Reduced $25,000 (-4.3%) 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.

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
$2,640/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
$110,000
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,002
Property Tax (~2.1% TX avg)−$963
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,554

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 11, 2026.

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