Active Listing  ·  133 days on market

206 S Cowal Dr

Spicewood, TX 78669
$535,000
3 Bed 2 Bath 1,756 sqft $305/sqft Built 1997 0.71 acres 2-Car Garage Pool BRIARCLIFF INC SEC 15

Lovingly updated and thoughtfully maintained, this custom white stone home is set on an oversized double lot beneath a beautiful canopy of mature live oaks, creating a shaded, private backyard retreat and the peaceful Hill Country setting Briarcliff is known for.

Inside, vaulted ceilings, rich oak hardwood flooring, and a Texas limestone wood-burning fireplace create a warm and inviting atmosphere. French doors extend the living space outdoors to a large, newly stained back deck overlooking the expansive, tree-shaded yard, an ideal setting for entertaining, relaxing, gardening, or enjoying the outdoors.

The updated kitchen features leathered Brazilian granite countertops, customized oak cabinetry with rollout shelving, artisan hardware, a white subway tile backsplash, stainless steel sink, and new Whirlpool appliance suite. Additional improvements include fresh interior paint, updated lighting and ceiling fans, cordless cellular blinds, new bedroom flooring, and beautifully updated bathrooms with porcelain tile and upgraded fixtures.

Major upgrades include a standing seam impact-resistant steel roof, new gutters with stainless steel guards, updated exterior paint, a recently replaced air conditioning system, and Amish-made ProVia steel exterior doors.

Outside is where this property truly stands apart. Two beautifully landscaped lots provide exceptional space, privacy, and flexibility, while mature live oaks shade much of the fully fenced backyard. Garden beds, a greenhouse, paver patio, and spacious lawn areas create multiple places to gather, play, garden, or simply enjoy the quiet surroundings.

Located in the highly desirable Briarcliff community near Lake Travis, residents enjoy access to parks, trails, marina amenities, golf, and the relaxed Hill Country lifestyle that makes this area so special.

At $305/sqft, this home is 41% 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 S Cowal Dr, Spicewood, TX 78669

Property Details

Price $535,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,756 sqft
Lot Size 0.71 acres (30,927.6 sqft)
Year Built 1997
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision BRIARCLIFF INC SEC 15
County Travis
Zip Code 78669
$/sqft $305/sqft
Days on Market ,
HOA $620/Annually
Annual Tax Est. $4,700
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228106591
List Date May 28, 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.

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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 28, 2026 $550,000
Current ask $535,000
▼ Reduced $15,000 (-2.7%) 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
22407 Briarcliff Dr
Briarcliff Inc Sec 06
$485,000 $254 3 bd / 3 ba 1,913 sqft , 2026-08-28
22008 Plockton Dr
Briarcliff, Inc.
$599,999 $261 4 bd / 3 ba 2,300 sqft , 2026-09-10
714 Newport Dr
Briarcliff Inc Sec 12
$435,000 $242 3 bd / 2 ba 1,797 sqft , 2026-06-26
1103 Larkhall Dr
Briarcliff Inc Sec 14
$349,900 $214 3 bd / 2 ba 1,634 sqft , 2026-05-23
21900 Moulin Dr
Briarcliff Inc Sec 14
$349,900 $225 2 bd / 2 ba 1,553 sqft , 2026-07-16

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
$2,568/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
$107,000
20% conventional investment loan

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

Estimated Gross Rent+$2,568
Principal + Interest−$2,920
Property Tax (~2.1% TX avg)−$936
Insurance (~0.5%)−$223
Est. Monthly Cash Flow $-1,511

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 October 5, 2026.

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