Active Listing  ·  140 days on market

22514 Felicia Dr

Spicewood, TX 78669
$850,000
3 Bed 3 Bath 2,520 sqft $337/sqft Built 1995 0.19 acres 1-Car Garage Pool Waterfront Perrys White Cliff

This beautifully updated Lake Travis waterfront retreat is ready for summer fun. Featuring 3 bedrooms, 3 full baths, 2 living areas, 3 exterior balconies/porches and a private boat dock, this home offers the perfect blend of comfort, style, and lakefront living. Perched in a private setting along approximately 89 feet of Lake Travis shoreline in a peaceful cove just outside of Briarcliff, this custom home delivers a rare opportunity for relaxed, low-maintenance lake living in a gated, private setting. Inside, abundant natural light fills the home through large picture windows and sliding glass doors that open to expansive wraparound balconies with stunning lake and Hill Country views. High ceilings, thoughtfully designed spaces, and custom millwork detail create an inviting atmosphere throughout. The kitchen is both beautiful and functional, featuring stainless steel appliances, granite countertops, and a center island ideal for gathering and entertaining.

Recent owner updates include a standing seam metal roof, Hardie-plank exterior siding, new decking and railings, & HydroHoist lift at the boat dock. Another unique feature: You are free to hit the "EASY" button with additional low-maintenance features including public water & sewer connections coupled with a favorably low tax rate of 1.779%.

Designed for effortless indoor-outdoor living, the property offers 3 exterior decks, a fire pit area, and a gated driveway and front yard—perfect for additional parking, or giving the kids and pets room to play. Down at the dock, the calm cove waters are ideal for fishing, paddleboarding, kayaking, & enjoying the lake lifestyle.

With 3 spacious bedrooms, 3 full baths, a dedicated laundry room, flexible living spaces, a single-car garage, and generous storage, this home is perfectly suited as a full-time residence or 2nd home.

Conveniently located just 1 mile from Briarcliff Marina, and Pace Bend Park; This is lake living at its best.

At $337/sqft, this home is 35% 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

22514 Felicia Dr, Spicewood, TX 78669

Property Details

Price $850,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,520 sqft
Lot Size 0.19 acres (8,372.23 sqft)
Year Built 1995
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Perrys White Cliff
County Travis
Zip Code 78669
$/sqft $337/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,106
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT230923443
List Date May 21, 2026
Elementary School West Cypress Hills
Middle School Bee Cave Middle School
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 · May 21, 2026 $875,000
Current ask $850,000
▼ Reduced $25,000 (-2.9%) 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
403 Sinclair Dr
Briarcliff Inc Sec 15
$849,999 $336 3 bd / 4 ba 2,527 sqft , 2026-08-24
406 Rogart Dr
Briarcliff Inc Sec 15
$695,000 $226 4 bd / 4 ba 3,069 sqft , 2026-06-18
707 Cat Hollow Club Dr
Cat Hollow
$1,035,000 $423 3 bd / 3 ba 2,449 sqft , 2026-09-02
206 Errol Dr
Briarcliff Inc Sec 11
$595,000 $222 3 bd / 3 ba 2,678 sqft , 2026-07-21
2108 Patriot Dr
Highland Lake Estates Sec 24
$580,000 $293 3 bd / 3 ba 1,981 sqft , 2026-05-17

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
$4,080/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
$170,000
20% conventional investment loan

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

Estimated Gross Rent+$4,080
Principal + Interest−$4,639
Property Tax (~2.1% TX avg)−$1,488
Insurance (~0.5%)−$354
Est. Monthly Cash Flow $-2,401

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 20, 2026.

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