Active Listing  ·  79 days on market

206 Errol Dr

Spicewood, TX 78669
$595,000
3 Bed 3 Bath 2,678 sqft $222/sqft Built 2015 0.33 acres 2-Car Garage Pool Briarcliff Inc Sec 11

This 3-bedroom, 3-bath Briarcliff home is one street off Lake Travis. The backyard is designed around about 1,617 square feet of combined multilevel deck and covered upper Trex porch space beneath mature oaks, creating multiple outdoor areas, plus a 13-by-11-foot fully powered metal-roof gazebo with fan. The lower deck is pre-wired for a hot tub. One or more photos have been virtually staged to showcase the potential of the space. Inside, the two-story living room rises over 18 feet. The kitchen centers the main level with a large L-shaped peninsula and seating for up to 8, with two living areas on opposite sides of the kitchen, one also serving as a flex space for a second living area or large dining space. The main level includes a primary suite, third bedroom, and full bath. The 1,000-square-foot-plus second-story Owner Retreat includes 9-foot ceilings, private sitting area, separate HVAC, walk-in closet, double vanity with granite countertop, finished storage, and dedicated laundry room with cabinetry, sink, and additional storage. Following a 2013 fire, the home underwent permitted custom reconstruction and expansion with work continuing into 2015. A second first-floor living space and second-story Owner Retreat were added. Major systems and interior and exterior components were installed during reconstruction. Some construction and systems include two Lennox heat pump systems, Hardie siding and PEX plumbing. Recent updates include 2024 front-yard regrade, sod installation, landscaping and tree removal; 2025 50 gallon water heater, washer and dryer; 2023 Whirlpool dishwasher; and 2026 interior and exterior paint, repairs, parking pad and garden shed. Refrigerator, washer, dryer, shed, gazebo, built-in appliances and garage door opener convey. Parking includes a 2.5-car garage and front and side parking pad for up to seven vehicles, plus boat, RV or trailer parking. Near Briarcliff Marina and restaurant, boat launch, golf, parks and Lake Travis recreation.

At $222/sqft, this home is 57% below the Spicewood active market average of $521/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

206 Errol Dr, Spicewood, TX 78669

Property Details

Price $595,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,678 sqft
Lot Size 0.33 acres (14,287.68 sqft)
Year Built 2015
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Briarcliff Inc Sec 11
County Travis
Zip Code 78669
$/sqft $222/sqft
Days on Market ,
HOA $329/Annually
Annual Tax Est. $7,934.24
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240509860
List Date July 21, 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 21, 2026 $629,900
Current ask $595,000
▼ Reduced $34,900 (-5.5%) 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
206 S Cowal Dr
BRIARCLIFF INC SEC 15
$535,000 $305 3 bd / 2 ba 1,756 sqft , 2026-05-28
406 Rogart Dr
Briarcliff Inc Sec 15
$695,000 $226 4 bd / 4 ba 3,069 sqft , 2026-06-18
901 LAUDER Dr
BRIARCLIFF INC SEC 5
$699,000 $201 3 bd / 3 ba 3,474 sqft , 2026-06-25
22401 Briarview Dr
Briarcliff Inc Sec 09 Amd
$699,900 $261 3 bd / 3 ba 2,681 sqft , 2026-03-12
22407 Briarcliff Dr
Briarcliff Inc Sec 06
$485,000 $254 3 bd / 3 ba 1,913 sqft , 2026-08-28

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
$2,856/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
$119,000
20% conventional investment loan

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

Estimated Gross Rent+$2,856
Principal + Interest−$3,247
Property Tax (~2.1% TX avg)−$1,041
Insurance (~0.5%)−$248
Est. Monthly Cash Flow $-1,680

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 October 3, 2026.

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