Active Listing  ·  216 days on market

3405 Bee Creek Rd

Spicewood, TX 78669
$1,099,000
5 Bed 5 Bath 4,800 sqft $229/sqft Built 1993 2.70 acres 2-Car Garage Pool Waterfront Travis Settlement Sec 07

LOCATION, LOCATION! Make offer to motivated seller! Only 40min to downtown Austin, Close to Schools, Restaurants & Stores. Unique house situated on 2.7 acres on Lake Travis w/ 200 feet of water frontage w/ large covered boat dock. 5+ bedrooms, 4.5 baths, 2 car garage & 3 car ports, gated & fenced, circular driveway. Mesmerizing open bay views to the lake, high vaulted ceilings w/ unique 16 ft glass bay that opens on hydraulics & wood burning stone fireplace. Spacious primary suite on the main level plus additional sitting room w/ a stone fireplace & outdoor views to patio and lake. Kitchen has granite countertops & stainless appliances open to breakfast area w/ lovely window banquette seating with amazing lake views. Ample size dining room w/ wood beams & Saltillo floors. House has a covered water well system w/ solar power for unlimited water. Backyard has 3 decks w/ lake views. Private back road access to community boat ramp and also private boat dock. Large oak trees in the front & back yard, with a large open meadow by the lake. Must see!

At $229/sqft, this home is 55% 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

3405 Bee Creek Rd, Spicewood, TX 78669

Property Details

Price $1,099,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,800 sqft
Lot Size 2.70 acres (117,612 sqft)
Year Built 1993
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Settlement Sec 07
County Travis
Zip Code 78669
$/sqft $229/sqft
Days on Market ,
HOA $178/Annually
Annual Tax Est. ,
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT219618645
List Date February 19, 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 · February 19, 2026 $1,795,000
Previous ask $1,199,000
Current ask $1,099,000
Reduced $696,000 (-38.8%) 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
2400 Sunset Vista Cir #39
The Summit At Lake Travis
$999,900 $261 4 bd / 4 ba 3,837 sqft , 2026-08-15
19302 Summit Glory Trl #68
Summit at Lake Travis
$999,000 $265 5 bd / 6 ba 3,764 sqft , 2026-09-10
2414 Sunset Vista Cir #32
Summit/Lk Travis Residential C
$1,249,000 $326 4 bd / 4 ba 3,836 sqft , 2026-04-16
2702 Lakehurst Rd
Lakehurst Resub
$1,275,000 $309 4 bd / 4 ba 4,132 sqft , 2026-09-19
2312 Lakehurst Rd
Lakehurst Resub
$1,298,450 $294 4 bd / 4 ba 4,415 sqft , 2026-02-14

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
$5,275/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
$219,800
20% conventional investment loan

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

Estimated Gross Rent+$5,275
Principal + Interest−$5,998
Property Tax (~2.1% TX avg)−$1,923
Insurance (~0.5%)−$458
Est. Monthly Cash Flow $-3,104

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

More Luxury Homes in Spicewood

Loading…
View All Luxury Homes →
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 →