Active Listing  ·  43 days on market

400 Bedford Dr

Spicewood, TX 78669
$695,000
4 Bed 3 Bath 2,988 sqft $233/sqft Built 2005 0.53 acres 3-Car Garage Pool Windermere Oaks

Custom-built Hill Country home on an approximately half-acre corner property in Windermere Oaks on Lake Travis. Three lots replatted into one create a spacious setting surrounded by mature oak trees and established landscaping. This 4-bedroom, 2.5-bath home features a Texas limestone exterior, iron fencing, a side-entry 3-car garage, and multiple decks and patio areas for outdoor entertaining.

A mahogany entry door with leaded glass, sidelights, and transom welcomes you inside, where high ceilings and crown molding complement the open layout. The spacious great room features a wood-burning fireplace and built-in cabinetry and shelving. An island kitchen with stainless steel appliances connects to the breakfast area, while a separate formal dining room provides additional gathering space. A dedicated study, approximately 188-square-foot sunroom, upstairs hobby room with a private deck, and spacious primary suite offer flexibility for work, hobbies, and relaxation. Additional features include solar panels and spray foam insulation.

Located approximately 600 feet from the community pavilion, pool, and tennis/pickleball facilities, this home offers convenient access to neighborhood recreation. Windermere Oaks also features a community boat ramp, with boat slips available for purchase or rental, subject to availability. Enjoy a wooded Hill Country setting with access to Lake Travis and nearby Marble Falls and Bee Cave destinations.

At $233/sqft, this home is 57% below the Spicewood active market average of $540/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

400 Bedford Dr, Spicewood, TX 78669

Property Details

Price $695,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,988 sqft
Lot Size 0.53 acres (23,086.8 sqft)
Year Built 2005
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Windermere Oaks
County Burnet
Zip Code 78669
$/sqft $233/sqft
Days on Market ,
HOA $450/Annually
Annual Tax Est. $8,131.82
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248395593
List Date September 30, 2026
Elementary School Spicewood (Marble Falls ISD)
Middle School Marble Falls
High School Marble Falls
School District Marble Falls ISD

Marble Falls ISD

Spicewood (Marble Falls ISD) · Marble Falls · Marble Falls

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.

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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 · September 30, 2026 $714,000
Current ask $695,000
▼ Reduced $19,000 (-2.7%) 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
115 Hill Loop
Windermere Oaks
$649,000 $211 3 bd / 4 ba 3,069 sqft , 2026-03-15
509 Coventry Rd
Windermere Oaks
$749,000 $218 4 bd / 5 ba 3,441 sqft , 2026-03-26
1881-A County Road 414 None
Muleshoe Bend
$799,000 $321 4 bd / 3 ba 2,491 sqft , 2026-10-22
339 Quail Run Ct
Ridge Harbor
$575,000 $259 4 bd / 3 ba 2,221 sqft , 2024-04-25
515 Wesley Ridge Dr
The Point At Ridge Harbor
$839,999 $253 4 bd / 4 ba 3,321 sqft , 2025-06-27

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
$3,336/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
$139,000
20% conventional investment loan

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

Estimated Gross Rent+$3,336
Principal + Interest−$3,793
Property Tax (assumed ~2.1%)−$1,216
Insurance (assumed ~0.5%)−$290
Est. Monthly Cash Flow $-1,963

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

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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 · 41 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. The written content was last updated on October 13, 2026.

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

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