Active Listing  ·  245 days on market

3809 Spicewood Springs Rd #150

Austin, TX 78759
$247,000
1 Bed 1 Bath 792 sqft $312/sqft Built 1982 0.06 acres Pool Spicewood Point Twnhms Amd

New paint throughout the unit and new Zoysia grass in the backyard of this great unit in this fantastic location! The property is 12 minutes by vehicle to the Domain and 15 minutes to downtown Austin. This unit is on the bottom level and the back of the complex, offering privacy and incredible quiet nights. The owner has renovated the unit with luxury vinyl flooring, a completely renovated bathroom, newer appliances and a new water heater, installed 1/2026. Enjoy the wood burning fireplace and also note the fantastic backyard that includes a storage building with grill equipment, a nice deck added by the owner and the gas fire feature conveys with the right offer. This unit has a loft area that is perfect for an office or additional sitting area. Come and tour this great unit and stop renting today!

At $312/sqft, this home is 21% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3809 Spicewood Springs Rd #150, Austin, TX 78759

Property Details

Price $247,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 792 sqft
Lot Size 0.06 acres (2,783.48 sqft)
Year Built 1982
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Spicewood Point Twnhms Amd
County Travis
Zip Code 78759
$/sqft $312/sqft
Days on Market ,
HOA $317/Monthly
Annual Tax Est. $5,582.79
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT216953293
List Date January 21, 2026
Elementary School Hill
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 · January 21, 2026 $295,000
Previous ask $249,000
Current ask $247,000
Reduced $48,000 (-16.3%) 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
3840 Far West Blvd #101
Far West Skyline Condo
$250,000 $294 2 bd / 2 ba 849 sqft , 2026-03-18
4159 Steck Ave #258
Mesa Village Condo Amd
$250,000 $237 2 bd / 2 ba 1,056 sqft , 2026-02-13
8210 Bent Tree Rd #104
Arbors
$238,500 $296 2 bd / 1 ba 805 sqft , 2026-04-06
4711 Spicewood Springs Rd #4-222
Stillhouse Canyon Condo Amended
$256,500 $309 1 bd / 1 ba 831 sqft , 2026-06-03
4159 Steck Ave #255
Mesa Village Condo Amd
$259,900 $244 2 bd / 2 ba 1,063 sqft , 2026-05-24

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
$1,186/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
$49,400
20% conventional investment loan

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

Estimated Gross Rent+$1,186
Principal + Interest−$1,348
Property Tax (~2.1% TX avg)−$432
Insurance (~0.5%)−$103
Est. Monthly Cash Flow $-697

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 August 26, 2026.

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