Active Listing  ·  28 days on market

3500 Wellspring Dr

Bee Cave, TX 78738
$1,495,000
4 Bed 4 Bath 3,807 sqft $393/sqft Built 2001 0.51 acres 3-Car Garage Pool Uplands Ph 02

*OPEN HOUSE- Contact agent for gate code - must enter at Tennison Hill/Bee Caves Rd* Perched on a corner lot in the heart of Bee Cave, 3500 Wellspring Drive makes a commanding first impression. The home sits on a 1/2-acre lot, offering a sense of scale that’s hard to find. A stately circle drive and lush landscaping frame the home, setting the tone for the beautifully reimagined interior.While the residence offers 3807sqft across two levels, it lives like a single story with 3 bedrooms on the main level, including the primary retreat, and the 4th bedroom upstairs.

Inside, the home is a breath of fresh air - grand, airy, and bathed in natural light. Flanking the entry, you'll find an elegant formal dining room and an executive office complete with custom built-ins. Designer light fixtures act as functional art throughout, while warm, medium-toned wood flooring flows seamlessly from the foyer to the main living spaces and primary suite.

The gourmet kitchen is a true masterclass in chic design featuring pristine quartz countertops, elegant gold hardware, and stainless steel appliances, including double ovens. The space centers around a large entertainer’s island that unfolds naturally into the spacious living area. Wrapped in windows, the entire open-concept wing flows toward the private backyard oasis. Designed to be an extension of the interior, this outdoor retreat features a built-in grill station overlooking a sparkling in-ground pool and waterfall spa.

For additional flexibility, the upstairs serves as a private retreat with one bedroom, a full bath, and a game room. A large laundry room and climate-controlled wine storage in the garage add practical touches to the home.

This location offers an unparalleled lifestyle, moments from the Hill Country Galleria, LTISD schools, Lake Travis boating, and many parks & trails. Enjoy the tranquility of a Hill Country escape while remaining just 25-30 minutes from the energy of Downtown Austin.

At $393/sqft, this home is priced 29% above the Bee Cave active market average of $305/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3500 Wellspring Dr, Bee Cave, TX 78738

Property Details

Price $1,495,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 3,807 sqft
Lot Size 0.51 acres (22,128.48 sqft)
Year Built 2001
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Uplands Ph 02
County Travis
Zip Code 78738
$/sqft $393/sqft
Days on Market ,
HOA $978.5/Annually
Annual Tax Est. $14,317.65
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244606556
List Date August 26, 2026
Elementary School Lake Pointe
Middle School Bee Cave Middle School
High School Lake Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Bee Cave 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 Bee Cave

Comparable Listings Right Now

Homes currently for sale in Bee Cave 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
3009 Brittany Point Ln
Lake Pointe
$1,350,000 $425 4 bd / 3 ba 3,176 sqft , 2026-09-04
11710 Uplands Ridge Dr
Uplands Ridge
$1,695,000 $428 5 bd / 4 ba 3,963 sqft , 2025-02-11
2204 Rimrock Dr
Lake Pointe Sec 05
$1,250,000 $425 4 bd / 3 ba 2,941 sqft , 2026-08-29
12012 Uplands Ridge Dr
Uplands Ph 1 The Rep Of Lo
$1,229,000 $342 4 bd / 4 ba 3,589 sqft , 2026-06-19
11619 Lake Stone Dr
Lakes Edge Residential Condos
$1,199,000 $452 4 bd / 3 ba 2,653 sqft , 2026-09-08

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
$7,176/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
$299,000
20% conventional investment loan

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

Estimated Gross Rent+$7,176
Principal + Interest−$8,159
Property Tax (~2.1% TX avg)−$2,616
Insurance (~0.5%)−$623
Est. Monthly Cash Flow $-4,222

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 Bee Cave, TX

Bee Cave 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 19, 2026.

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