Active Listing  ·  29 days on market

22113 Rose Grass Ln

Spicewood, TX 78669
$579,000
4 Bed 3 Bath 3,059 sqft $189/sqft Built 2006 0.21 acres 2-Car Garage Pool West Cypress Hills

Sitting just around the corner from the neighborhood elementary school and only a three-minute drive from the coming soon Highland Lakes High School, location seals the deal for this home! Zoned to the highly acclaimed Lake Travis School District, this impressive West Cypress Hills residence sits on a premium greenbelt lot. And the stars of the show are the sweeping Texas Hill Country views that are visible from nearly every window.

Inside, 3,059 square feet of living space unfolds beneath soaring ceilings and fresh paint throughout. A dedicated office greets you just off the main entry where multiple living and dining areas converge. Open and airy, the kitchen provides ample storage and counterspace. For your owner's retreat, the primary suite is generously oversized and a private wing unto itself with two closets and a primary bathroom that has been completely reimagined with playful design.

Three additional bedrooms and several flex spaces allow whatever your household needs: playroom, gym, second office, craft room, guest quarters, or a media room. Step outside and the privacy compounds: the yard is flat and functional with no neighbors behind and only on one side.

The space feels genuinely secluded without sacrificing neighborhood energy. And that neighborhood delivers. West Cypress Hills features resort-caliber amenities: scenic hiking trails, sparkling pools, a vibrant neighborhood park, picnic areas, sport courts, and a sprawling open recreation field. This is a well-established community that enriches daily life.

Ideally positioned just 36 miles from downtown Austin, 41 miles from Austin-Bergstrom International Airport, and a mere 15 minutes from the Hill Country Galleria, premier dining, Baylor Scott & White Hospital, as well as abundant shopping for everyday needs. This well-maintained home is close enough for convenience, yet far enough out for quiet. Your elevated Texas escape awaits!

At $189/sqft, this home is 63% 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

22113 Rose Grass Ln, Spicewood, TX 78669

Property Details

Price $579,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 3,059 sqft
Lot Size 0.21 acres (9,147.6 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision West Cypress Hills
County Travis
Zip Code 78669
$/sqft $189/sqft
Days on Market ,
HOA $201/Quarterly
Annual Tax Est. $13,499.04
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243760460
List Date August 25, 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 →

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
5117 Texas Bluebell Dr
West Cypress Hills
$564,900 $202 5 bd / 3 ba 2,803 sqft , 2026-03-21
22121 Rose Grass Ln
West Cypress Hills Ph 1 Sec 1
$599,000 $190 4 bd / 4 ba 3,158 sqft , 2026-04-17
6605 Apache Plum Ln
West Cypress Hills
$599,000 $218 4 bd / 3 ba 2,747 sqft , 2026-09-18
21905 ROCK WREN Rd
West Cypress Hills Ph 1 Sec 4
$525,000 $192 5 bd / 3 ba 2,736 sqft , 2026-06-20
22204 Red Yucca Rd
West Cypress Hills Ph 1 Sec 3
$499,000 $219 4 bd / 3 ba 2,282 sqft , 2026-04-08

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
$2,779/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
$115,800
20% conventional investment loan

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

Estimated Gross Rent+$2,779
Principal + Interest−$3,160
Property Tax (~2.1% TX avg)−$1,013
Insurance (~0.5%)−$241
Est. Monthly Cash Flow $-1,635

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 29, 2026.

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