Active Listing  ·  170 days on market

4921 Creek Meadow Cv

Spicewood, TX 78669
$895,000
4 Bed 4 Bath 3,542 sqft $253/sqft Built 2001 1.50 acres 3-Car Garage Pool Travis Settlement Sec 03

Hill Country Retreat at 4921 Creek Meadow Cove, Spicewood, TX, a beautifully refreshed 3,542 sq ft haven in the serene Spicewood Hills, perfectly poised on a sprawling 1.5-acre lot. This 4-bedroom, 3-bath residence, just minutes from Lake Travis and the vibrant amenities of Texas Hill Country, is move-in ready and waiting for new owners to cherish its blend of modern elegance and tranquil surroundings. Step inside to discover an open-concept main level, where natural light floods through large windows, highlighting sleek granite countertops in the gourmet kitchen. Equipped with stainless appliances and a spacious island, the kitchen flows seamlessly into the airy living area, ideal for gatherings. The lower level elevates entertainment with a vibrant game room//family room with wet bar, perfect for hosting game nights or relaxing with friends. Outside, the expansive 1.5-acre lot offers privacy and space for outdoor activities, complemented by a 3-car garage for vehicles and plenty of storage.

At $253/sqft, this home is 50% below the Spicewood active market average of $509/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4921 Creek Meadow Cv, Spicewood, TX 78669

Property Details

Price $895,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,542 sqft
Lot Size 1.50 acres (65,340 sqft)
Year Built 2001
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Settlement Sec 03
County Travis
Zip Code 78669
$/sqft $253/sqft
Days on Market ,
HOA $225/Annually
Annual Tax Est. $18,669.02
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225187562
List Date April 6, 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
5007 Evidence Cv
Travis Settlement Sec 04
$975,000 $281 4 bd / 4 ba 3,467 sqft , 2026-04-16
20204 Auger Cv
Travis Settlement Sec 06
$990,000 $290 3 bd / 4 ba 3,412 sqft , 2026-09-10
19620 Single Peak Cv
Travis Settlement Sec 02
$1,095,000 $377 3 bd / 3 ba 2,905 sqft , 2026-04-17

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
$4,296/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
$179,000
20% conventional investment loan

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

Estimated Gross Rent+$4,296
Principal + Interest−$4,884
Property Tax (~2.1% TX avg)−$1,566
Insurance (~0.5%)−$373
Est. Monthly Cash Flow $-2,527

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 May 9, 2026.

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