Active Listing  ·  98 days on market

3809 Spicewood Springs Rd #137

Austin, TX 78759
$398,500
3 Bed 2 Bath 1,223 sqft $326/sqft Built 1982 0.11 acres Pool Spicewood Point Twnhms Amd

Adorable Northwest Hills Townhome. This Remodeled single story home features Vaulted ceilings and a terrific Open Floor Plan with No carpet! Updated Chef's kitchen w/ crisp white shaker style cabinetry, Granite counters, stainless appliances and breakfast bar area for 4! This open floorplan makes it easy for the cook to be connected with family and friends in the living and dining area! The Stone electric fireplace in the Vaulted living area with bar cabinetry and a beverage and wine fridge is perfect for entertaining! The Primary suite which easily accomodates a King size bed boasts 2 closets...one of which is a walk-in w/ closet organizer/cabinetry! The attached primary bath has a roomy shower and long vanity featuring dual sinks and ample counter space! Bed 2 will also easily fit a King size bed and features a wall of closets! The secondary bath has been updated with gleaming quartz counters and subway tile. Tons of storage here with an additional make-up vanity area! Bed 3 features a murphy bed for the perfect Flex room PLUS an extended closet which easily fits a desk area too! The Sunroom is an additional 115 sqft above and beyond the listed square footage and makes a perfect exercise/yoga/art studio with efficient portable A/C! This Centrally located condo is 8 minutes to Downtown Austin as well as the Domain shopping! HOA fees cover Water, trash collection, exterior maintenance and landscaping PLUS an amazing pool, hot tub, sauna, and clubhouse all situated under a canopy of Oak trees which provides much appreciated shade on hot summer days! 2 covered parking spaces in front of the unit convey as well as the Refrigerator, Washer, Dryer and Bar Fridges! This is the perfect opportunity to downsize in coveted Northwest Hills! Walk to The Grove, Torchy's, and even the Randalls at Spicewood and Mesa! You can't find a better location at this price!

At $326/sqft, this home is 17% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3809 Spicewood Springs Rd #137, Austin, TX 78759

Property Details

Price $398,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,223 sqft
Lot Size 0.11 acres (4,591.22 sqft)
Year Built 1982
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Spicewood Point Twnhms Amd
County Travis
Zip Code 78759
$/sqft $326/sqft
Days on Market ,
HOA $581.94/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227924771
List Date April 28, 2026
Elementary School Doss (Austin ISD)
Middle School Murchison
High School Anderson
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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
1735 Spyglass Dr #112
Habidad Condo Amd
$398,500 $299 2 bd / 2 ba 1,335 sqft , 2026-05-22
3705 Manorwood Rd
Manor Hill
$398,000 $480 2 bd / 1 ba 829 sqft , 2026-06-12
8311 Briarwood Ln
Northtowne Sec 01
$398,000 $288 3 bd / 2 ba 1,383 sqft , 2026-06-23
204 Chippendale Ave
Greenwood Hills Sec 02
$399,000 $334 3 bd / 1 ba 1,196 sqft , 2026-03-29
2612 San Pedro St #112
Treehouse Condominiums
$399,000 $321 3 bd / 2 ba 1,244 sqft , 2026-02-19

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
$1,913/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
$79,700
20% conventional investment loan

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

Estimated Gross Rent+$1,913
Principal + Interest−$2,175
Property Tax (~2.1% TX avg)−$697
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,125

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 Austin, TX

Austin 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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