Active Listing  ·  70 days on market

4605 Wild Cow Cv

Spicewood, TX 78669
$3,499,000
5 Bed 4 Bath 4,216 sqft $830/sqft Built 2001 8.78 acres 3-Car Garage Pool Travis Settlement Sec 02

Beyond a long private driveway, this extraordinary 8.78-acre estate unfolds along Bee Creek with a dramatic bluff creating an unforgettable Texas Hill Country backdrop. A circular driveway welcomes you to a timeless estate surrounded by mature oak trees, beautifully landscaped gardens, and expansive grounds offering exceptional privacy within the acclaimed Lake Travis ISD. Originally built in 2001 and thoughtfully refreshed in 2026 with fresh interior paint, white oak flooring, and enhancements to the outdoor living spaces, the 4,216-square-foot home offers five bedrooms and four full bathrooms designed for refined everyday living and entertaining. A grand entry with soaring cathedral ceilings introduces light-filled interiors featuring elegant arches, formal living and dining rooms, and an expansive great room with exposed beam ceilings, custom built-ins, a gas fireplace, and French doors opening to the covered patio. The open eat-in kitchen is centered around an oversized island with abundant cabinetry, generous workspace, and a second gas fireplace. The spacious primary suite overlooks the surrounding grounds and features a spa-inspired bath with dual vanities, a freestanding soaking tub, oversized walk-in shower, and an expansive walk-in closet with extensive built-ins. A first-floor secondary bedroom with patio access offers flexibility for guests, multigenerational living, or a private office. Outdoor living is equally impressive with a covered patio featuring a built-in wet bar overlooking the pool, fire pit, landscaped gardens, mature oak trees, and stone walkways extending toward Bee Creek and the dramatic bluff beyond. Horses are allowed, offering added flexibility for those seeking an equestrian lifestyle. A spacious laundry room and three-car attached garage complete this exceptional Hill Country estate, where timeless architecture, remarkable privacy, an irreplaceable natural setting, and a private well come together in one extraordinary offering.

At $830/sqft, this home is priced 63% above the Spicewood active market average of $508/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4605 Wild Cow Cv, Spicewood, TX 78669

Property Details

Price $3,499,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 4,216 sqft
Lot Size 8.78 acres (382,456.8 sqft)
Year Built 2001
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Settlement Sec 02
County Travis
Zip Code 78669
$/sqft $830/sqft
Days on Market ,
HOA $260/Annually
Annual Tax Est. $24,797
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239821321
List Date July 16, 2026
Elementary School West Cypress Hills
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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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
953 Flagtop Ct
Las Brisas Estates
$2,399,900 $464 5 bd / 6 ba 5,170 sqft , 2026-05-27

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
$16,795/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
$699,800
20% conventional investment loan

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

Estimated Gross Rent+$16,795
Principal + Interest−$19,095
Property Tax (~2.1% TX avg)−$6,123
Insurance (~0.5%)−$1,458
Est. Monthly Cash Flow $-9,881

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 September 21, 2026.

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