Active Listing  ·  250 days on market

20607 Thurman Bend Rd

Spicewood, TX 78669
$2,800,000
5 Bed 6 Bath 5,730 sqft $489/sqft Built 2016 6.34 acres 3-Car Garage Pool Angel Bay

Welcome to 20607 Thurman Bend. This is a private custom built Hill Country estate that offers rare scale, seclusion, and understated confidence—set within Angel Bay, one of Spicewood’s most exclusive gated, waterfront communities. Built in 2016 this 5,730 - square-foot home is situated on 6.38 acres, providing a level of land ownership seldom found in Lake Travis–oriented neighborhoods, combining space, privacy, and long-term value. The property enjoys the security and lifestyle benefits of a gated waterfront community with a highly sought after boat slip that conveys. The home boasts five bedrooms and five and half baths, balancing comfort and functionality thoughtfully designed for both everyday living and refined entertaining. At the center of the home is the gourmet kitchen that features granite countertops, a six-burner gas range, a large center island, double ovens, and dual refrigerators and more - well suited for hosting large gatherings or family dinners with ease. The primary suite serves as a private retreat, complete with a large covered porch, luxurious bath with separate vanities, a walk-in shower, soaking tub, and an expansive walk-in closet. Owners will enjoy a dedicated office and separate media room further enhancing the home’s versatility. Minutes from the Hill Country Galleria, Whole foods, Trader Joe’s, fine dining and much much more, all located within exemplary Lake Travis ISD. Being the first time on the market, this is a rare opportunity for buyers who understand that the most meaningful properties are found not through volume—but through timing and access. A must see!

At $489/sqft, this home is 4% below the Spicewood active market average of $509/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

20607 Thurman Bend Rd, Spicewood, TX 78669

Property Details

Price $2,800,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths 1
Living Area 5,730 sqft
Lot Size 6.34 acres (276,083.28 sqft)
Year Built 2016
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Angel Bay
County Travis
Zip Code 78669
$/sqft $489/sqft
Days on Market ,
HOA $1,350/Semi-Annually
Annual Tax Est. $47,530.7
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT215403888
List Date January 16, 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 · January 16, 2026 $3,300,000
Previous ask $3,000,000
Current ask $2,800,000
Reduced $500,000 (-15.2%) 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
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
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
19559 Sandcastle Dr
Coves On Lake Travis The Ph 1
$3,480,000 $757 4 bd / 5 ba 4,600 sqft , 2026-07-02

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
$13,440/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
$560,000
20% conventional investment loan

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

Estimated Gross Rent+$13,440
Principal + Interest−$15,281
Property Tax (~2.1% TX avg)−$4,900
Insurance (~0.5%)−$1,167
Est. Monthly Cash Flow $-7,908

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 September 19, 2026.

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