Active Listing  ·  79 days on market

4932 Cypress Ranch Blvd

Spicewood, TX 78669
$1,200,770
4 Bed 4 Bath 4,882 sqft $246/sqft Built 2026 1.05 acres 3-Car Garage Pool New Construction SOLA VISTA

Estimated completion December!

The Fulton is an expansive two-story design that delivers elevated style, generous living spaces, and thoughtful functionality for modern Hill Country living. With over 4,000 square feet, this home is ideal for those who love to entertain while maintaining everyday comfort.

The main level features a downstairs study, providing a quiet and refined space for work or reading. The heart of the home opens into a spacious living room that flows seamlessly into the dining area and chef-inspired kitchen, complete with premium appliances, a large island, and abundant storage.

Designed with entertaining in mind, a refreshment space with convenient access to the game/flex room creates the perfect hub for hosting gatherings, movie nights, or casual evenings with friends.

The primary suite, located on the main level, offers a private retreat with a spa-style bathroom featuring dual vanities, a soaking tub, an oversized walk-in shower, and a generous walk-in closet with access to the utility room.

Upstairs, a spacious game room provides additional flexibility for recreation or relaxation, accompanied by well-appointed secondary bedrooms that offer comfort and privacy.

A tandem three-car garage completes this impressive home, offering ample space for vehicles, storage, and outdoor gear, all within a thoughtfully designed layout tailored for luxury living.

At $246/sqft, this home is 52% 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

4932 Cypress Ranch Blvd, Spicewood, TX 78669

Property Details

Price $1,200,770
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 4,882 sqft
Lot Size 1.05 acres (45,781.56 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision SOLA VISTA
County Travis
Zip Code 78669
$/sqft $246/sqft
Days on Market ,
HOA $201/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT238845413
List Date July 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.

Schedule a Call →

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 · July 6, 2026 $1,141,490
Current ask $1,200,770
Increased $59,280 (+5.2%) 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
5129 Diamante Dr
Sola Vista Sec 2
$1,100,000 $287 4 bd / 4 ba 3,828 sqft , 2026-04-22
5000 Cypress Ranch Blvd
SOLA VISTA
$1,066,950 $274 5 bd / 5 ba 3,892 sqft , 2026-08-20
4909 Diamante Dr
SOLA VISTA
$1,009,990 $260 5 bd / 5 ba 3,892 sqft , 2026-06-04
5007 Evidence Cv
Travis Settlement Sec 04
$975,000 $281 4 bd / 4 ba 3,467 sqft , 2026-04-16

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
$5,764/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
$240,154
20% conventional investment loan

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

Estimated Gross Rent+$5,764
Principal + Interest−$6,553
Property Tax (~2.1% TX avg)−$2,101
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,390

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 11, 2026.

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