Active Listing  ·  186 days on market

4300 Derrick Cv

Spicewood, TX 78669
$2,999,990
5 Bed 7 Bath 6,453 sqft $465/sqft Built 2015 1.72 acres 3-Car Garage Pool Bee Creek Estates

Experience elevated Hill Country living in this stunning lease opportunity, tucked inside a private gated community on 1.7 acres at the end of a quiet cul-de-sac. With sweeping panoramic views and exceptional privacy, this home offers a peaceful retreat just minutes from everyday conveniences. Designed for comfort and flexibility, the residence features 5 spacious bedrooms, 3 full baths, 2 half baths and multiple living areas that easily adapt to your lifestyle. The light-filled, open-concept main living space flows seamlessly between the kitchen, dining and living areas—perfect for relaxed evenings or entertaining guests. A dedicated private office and library provide exceptional work-from-home options, while additional spaces include a media room with cocktail bar and versatile bonus room ideal for a gym, playroom or hobby space. The generously sized primary suite offers a quiet retreat, while secondary bedrooms are thoughtfully positioned for privacy and comfort. A detached casita adds flexibility—perfect for guests, extended family or a separate workspace. Step outside to breathtaking Hill Country views and a resort-style oasis featuring an infinity-edge pool and spa, cold plunge, far-infrared sauna and wood-burning fireplace. Residents also enjoy access to Lake Travis for boating, swimming and lakeside recreation. A 3-car garage and abundant storage add convenience. Located within highly acclaimed Lake Travis ISD. Water is included in the rental rate. Furnishing options available: Home may be leased unfurnished, partially furnished or fully furnished, with additional pricing based on furnishings desired. Washer, dryer and laundry-room refrigerator are excluded from the standard lease offering.

At $465/sqft, this home is 8% below the Spicewood active market average of $508/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4300 Derrick Cv, Spicewood, TX 78669

Property Details

Price $2,999,990
Status Active Listing
Beds 5
Full Baths 5
Half Baths 2
Living Area 6,453 sqft
Lot Size 1.72 acres (74,836.08 sqft)
Year Built 2015
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Bee Creek Estates
County Travis
Zip Code 78669
$/sqft $465/sqft
Days on Market ,
HOA $1,520/Annually
Annual Tax Est. $35,434.12
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222986225
List Date March 22, 2026
Elementary School Rough Hollow
Middle School Lake Travis
High School Lake Travis
School District ,

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 · March 22, 2026 $3,495,000
Previous ask $3,195,000
Current ask $2,999,990
Reduced $495,010 (-14.2%) 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
4605 Wild Cow Cv
Travis Settlement Sec 02
$3,499,000 $830 5 bd / 4 ba 4,216 sqft , 2026-07-16
953 Flagtop Ct
Las Brisas Estates
$2,399,900 $464 5 bd / 6 ba 5,170 sqft , 2026-05-27
104 High View Trl
The Estates at Rough Hollow Vista Ridge
$2,150,000 $400 5 bd / 6 ba 5,371 sqft , 2026-07-23
136 Baldovino Skwy
Lakeway Hlnds Ph 2 Sec 6 (Rough Hollow)
$2,000,000 $364 5 bd / 6 ba 5,494 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
$14,400/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
$599,998
20% conventional investment loan

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

Estimated Gross Rent+$14,400
Principal + Interest−$16,372
Property Tax (~2.1% TX avg)−$5,250
Insurance (~0.5%)−$1,250
Est. Monthly Cash Flow $-8,472

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 · 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 29, 2026.

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