Active Listing  ·  163 days on market

3809 Spicewood Springs Rd #137

Austin, TX 78759
$394,000
3 Bed 2 Bath 1,223 sqft $322/sqft Built 1982 0.11 acres Pool Spicewood Point Twnhms Amd

MOTIVATED SELLER! Offering 6 months of pre-paid HOA dues! Adorable Northwest Hills Townhome. This Remodeled single story home features Vaulted ceilings (no neighbors above!) and a terrific Open Floor Plan with No carpet & No Popcorn ceilings! 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! Highly coveted Doss Elem, Murchison Middle and Anderson HS.

At $322/sqft, this home is 18% below the Austin active market average of $392/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 $394,000
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 $322/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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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 · April 28, 2026 $448,000
Previous ask $398,500
Current ask $394,000
▼ Reduced $54,000 (-12.1%) 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 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
3809 Spicewood Springs Rd #127
Spicewood Point Twnhms Amd
$399,900 $327 2 bd / 2 ba 1,223 sqft , 2026-06-16
3000 Firwood Dr
Northtowne West Sec 01
$425,000 $446 3 bd / 1 ba 952 sqft , 2026-08-06
8200 Neely Dr #229
Neelys Canyon Condo Amd
$359,900 $299 2 bd / 2 ba 1,203 sqft , 2026-10-01
8502 Cima Oak Ln #A
Cima Oaks Condo Ph I
$350,000 $280 2 bd / 2 ba 1,248 sqft , 2026-06-11
7903 TEALWOOD Trl
TRAILS PHS 1B THE
$450,000 $306 2 bd / 2 ba 1,471 sqft , 2026-10-01

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
$1,891/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
$78,800
20% conventional investment loan

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

Estimated Gross Rent+$1,891
Principal + Interest−$2,150
Property Tax (~2.1% TX avg)−$690
Insurance (~0.5%)−$164
Est. Monthly Cash Flow $-1,113

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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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 9, 2026.

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