Active Listing  ·  169 days on market

335 Turkey Tree Rd

Spicewood, TX 78669
$1,139,900
4 Bed 4 Bath 2,771 sqft $411/sqft Built 2020 3.56 acres 2-Car Garage Pool Turkey Tree

Experience refined Texas Hill Country living in this exceptional Spicewood estate set on 3.56 private acres within a gated community with Lake Travis access. This 4-bedroom, 3.5-bath single story home showcases a seamless open floor plan with solid surface flooring throughout main living areas, plus flexible spaces including a dedicated office/sitting area and formal dining room.

The gourmet kitchen is designed to impress with granite countertops, oversized butcher block island, built-in wine fridge, and a Texas-sized pantry, flowing effortlessly into the main living areas perfect for entertaining. The expansive primary suite offers a true retreat, featuring a spa-inspired bath with bidet and a large walk-in closet.

Step outside to your private outdoor oasis with a full outdoor kitchen, wood-burning fire pit, and gathering areas, all surrounded by serene Hill Country views. Additional highlights include a climate-controlled garage with epoxy flooring.

Ideally located just 10 minutes to Barton Creek Golf & Country Club, 5 minutes to Spicewood Airport, near local vineyards and wineries, 30 minutes to Hill Country Galleria, and approximately 37 miles to Downtown Austin. This property delivers the perfect blend of luxury, privacy, and lifestyle.

At $411/sqft, this home is 24% 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

335 Turkey Tree Rd, Spicewood, TX 78669

Property Details

Price $1,139,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,771 sqft
Lot Size 3.56 acres (155,077.96 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Turkey Tree
County Burnet
Zip Code 78669
$/sqft $411/sqft
Days on Market ,
HOA $450/Annually
Annual Tax Est. $11,209.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231559553
List Date May 27, 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 · May 27, 2026 $1,149,500
Current ask $1,139,900
▼ Reduced $9,600 (-0.8%) 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
1005 County Road 414 None
A0776
$1,250,000 $572 3 bd / 2 ba 2,185 sqft , 2025-08-21
515 Wesley Ridge Dr
The Point At Ridge Harbor
$839,999 $253 4 bd / 4 ba 3,321 sqft , 2025-06-27
1881-A County Road 414 None
Muleshoe Bend
$799,000 $321 4 bd / 3 ba 2,491 sqft , 2026-10-22
1118 Rustic Ln
The Place
$1,495,000 $497 4 bd / 2 ba 3,007 sqft , 2026-09-05

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
$5,472/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
$227,980
20% conventional investment loan

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

Estimated Gross Rent+$5,472
Principal + Interest−$6,221
Property Tax (assumed ~2.1%)−$1,995
Insurance (assumed ~0.5%)−$475
Est. Monthly Cash Flow $-3,219

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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