Active Listing  ·  252 days on market

4101 Spicewood Springs Rd

Austin, TX 78759
$3,990,000
4 Bed 5 Bath 4,804 sqft $831/sqft Built 1961 3.06 acres 4-Car Garage Pool Mesa Forest Add

One of the last significant wooded estates in Central Austin, this cherished 1960s family homestead on 3 acres is now available in the heart of Northwest Hills. Nestled beneath a gorgeous canopy of heritage oaks and surrounded by wildlife, Austin architect Frank DeGroot designed the original residence—a sprawling single-story limestone and wood home in 1960s vintage condition with 4 bedrooms, 4.5 baths, and more than 3,600 sq ft of living space in just the house. Covered porches and a stone patio extended the living outdoors, and created inviting evenings spent gathering under the stars.

Through the years, the property grew into a true compound, with additional structures that welcomed guests and was a family haven for nature hikes forest bathing and country-style living. At its center lies a deep 20’x40’ swimming pool, the location of countless summer memories. A two-story pool house and adjacent cottages provided space for family and friends, while decks, solariums, and patios created inviting spots to relax or entertain. Deer still wander the grounds, undisturbed, a reminder of the natural serenity that sets this property apart.

To call this opportunity rare is an understatement. Here is your chance to reimagine a remarkable estate—craft a new family retreat, preserve its vintage charm, or explore its development potential on these three acres of rare, central Austin land. This is more than a home—it’s a place where memories and new stories are waiting to be written.

**potential to possibly have multiple units and preliminary work was done by Keepers Land Development, sent upon request.

At $831/sqft, this home is priced 113% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4101 Spicewood Springs Rd, Austin, TX 78759

Property Details

Price $3,990,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 4,804 sqft
Lot Size 3.06 acres (133,141.14 sqft)
Year Built 1961
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Mesa Forest Add
County Travis
Zip Code 78759
$/sqft $831/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $55,928
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT212535546
List Date November 25, 2025
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.

Schedule a Call →

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
4424 Eck Ln
ECK L T
$3,989,900 $1,032 5 bd / 4 ba 3,866 sqft , 2025-10-03
1015 Gaston Ave
Shoal Terrace
$3,995,000 $879 4 bd / 5 ba 4,546 sqft , 2026-06-11
8317 CARRANZO Dr
Amarra Drive
$3,995,000 $963 4 bd / 5 ba 4,150 sqft , 2026-07-20
1700 Buffalo Gap Rd
N/A
$3,999,000 $1,270 3 bd / 4 ba 3,150 sqft , 2026-03-19
2021 Ford St
Sun Terrace
$3,999,000 $949 4 bd / 6 ba 4,213 sqft , 2026-06-18

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
$19,152/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
$798,000
20% conventional investment loan

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

Estimated Gross Rent+$19,152
Principal + Interest−$21,775
Property Tax (~2.1% TX avg)−$6,983
Insurance (~0.5%)−$1,663
Est. Monthly Cash Flow $-11,269

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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