Active Listing  ·  90 days on market

27017 Masters Parkway None

Spicewood, TX 78669
$1,199,000
4 Bed 4 Bath 4,041 sqft $297/sqft Built 2008 0.72 acres 2-Car Garage Pool Barton Creek Lakeside

PRICE IMPROVEMENT! VIRTUAL STAGING Welcome to 27017 Masters Parkway, a custom stone estate offering timeless curb appeal, elegant interior finishes, and exceptional indoor-outdoor living. Set against scenic golf course views, this home combines classic architectural character with spaces designed for everyday comfort, entertaining, and relaxation. Inside, the home welcomes you with a spacious, naturally illuminated floor plan anchored by warm hardwood flooring, vaulted ceilings, and a dramatic stone fireplace. The open kitchen and dining areas provide an inviting hub for gathering, with stone countertops, rich finishes, and large windows that bring the outdoors in. The primary bedroom offers a comfortable retreat with hardwood flooring and a tray ceiling. The primary bath creates a spa-like atmosphere with dual vanities, rich cabinetry, a soaking tub, walk-in shower, privacy glass block window, and two large walk-in closets. Three additional bedrooms (two downstairs) two home offices, flexible bonus space, practical laundry room, and well-appointed baths provide versatility for family, guests, work, hobbies, and everyday living. The outdoor spaces are designed for relaxed luxury, featuring a screened porch with a rich redwood ceiling, a full outdoor kitchen, dining area, custom pool, and stone spa. Golf course fairways, mature oak trees, water views, and the natural stone details create a peaceful backdrop for entertaining, coffee in the morning or unwinding at the end of the day. 27017 Masters Parkway presents a rare opportunity to own a beautifully crafted custom home in the picturesque golf course community of Barton Creek Lakeside. BCL amenities include optional Social Club and Golf Club membership, access to Lake Travis, and a private marina.

At $297/sqft, this home is 45% below the Spicewood active market average of $540/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

27017 Masters Parkway None, Spicewood, TX 78669

Property Details

Price $1,199,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 4,041 sqft
Lot Size 0.72 acres (31,363.2 sqft)
Year Built 2008
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Barton Creek Lakeside
County Travis
Zip Code 78669
$/sqft $297/sqft
Days on Market ,
HOA $1,833/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241401789
List Date August 14, 2026
Elementary School Spicewood (Marble Falls ISD)
Middle School Marble Falls
High School Marble Falls
School District Marble Falls ISD

Marble Falls ISD

Spicewood (Marble Falls ISD) · Marble Falls · Marble Falls

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 · August 14, 2026 $1,299,000
Previous ask $1,259,900
Current ask $1,199,000
▼ Reduced $100,000 (-7.7%) 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
1300 Saddlebrook Canyon Ct
Ranch At Lakeside Sec 01
$1,249,000 $289 4 bd / 4 ba 4,316 sqft , 2026-06-24
2401 Sailpoint Dr
Barton Creek Lakeside
$975,000 $310 3 bd / 4 ba 3,147 sqft , 2026-06-26
711 N Paleface Ranch Rd #5
Brahmans Draw
$809,890 $286 3 bd / 4 ba 2,830 sqft , 2026-09-23
711 N Paleface Ranch Rd #4
Brahmans Draw
$789,990 $297 3 bd / 4 ba 2,660 sqft , 2026-08-09

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
$5,755/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
$239,800
20% conventional investment loan

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

Estimated Gross Rent+$5,755
Principal + Interest−$6,543
Property Tax (assumed ~2.1%)−$2,098
Insurance (assumed ~0.5%)−$500
Est. Monthly Cash Flow $-3,386

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 · 41 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. The written content was last updated on November 3, 2026.

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

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