Active Listing  ·  160 days on market

5007 Evidence Cv

Spicewood, TX 78669
$975,000
4 Bed 4 Bath 3,467 sqft $281/sqft Built 1998 2.24 acres 2-Car Garage Pool Travis Settlement Sec 04

Welcome to this private, gated Hill Country Retreat on two plus wooded acres w/amazing views! Close in Spicewood and exemplary Lake Travis ISD! Modern kitchen with glass door cabinetry, built-in desk and stainless appliances opens to the huge living and dining rooms. Also on the main floor is laundry room one (an additional one is upstairs), a flex room (office/gym/playroom) and a powder bath with a pool shower. Upstairs is a spacious master w/ en suite (bath has dual vanities) and separate closets. All bedrooms have ceiling fans. Hall bath and three additional bedrooms up. Home has a brand new HVAC system under warranty. Entertain your family and friends in the large sparkling pool with a slide. Pool recently refinished with EcoFinish application and comes with a 2 year installer's warranty and 10 year manufacturer's warranty. Pool Casita has a wet bar, wine fridge and game area and comes furnished. Potential to use as an office w/private entrance or mother-in-law space. Large fenced yard and parking for six vehicles or more with plenty of space to add an additional workshop or garage. Located approximately one mile from the site of the new Highland Lakes High School set to open 2029-2030. Close to West Cypress Hills Elementary School and Lake Travis Middle School. Travis Settlement HOA w/Lake Travis access via boat ramp and Bee Creek access. Incredibly low HOA fees. Property has a private well so there are no water bills. Enjoy all that wonderful Spicewood has to offer including vineyards, breweries, pickleball courts, great restaurants, and beautiful Lake Travis. Substantial price reduction has been made. Priced to sell. Owner is a licensed real estate agent.

At $281/sqft, this home is 45% 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

5007 Evidence Cv, Spicewood, TX 78669

Property Details

Price $975,000
Status Active Listing
Beds 4
Full Baths 1
Half Baths 3
Living Area 3,467 sqft
Lot Size 2.24 acres (97,574.4 sqft)
Year Built 1998
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Settlement Sec 04
County Travis
Zip Code 78669
$/sqft $281/sqft
Days on Market ,
HOA $200/Annually
Annual Tax Est. $16,575.48
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224316957
List Date April 16, 2026
Elementary School West Cypress Hills
Middle School Bee Cave Middle School
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 · April 16, 2026 $1,125,000
Previous ask $950,000
Current ask $975,000
Reduced $150,000 (-13.3%) 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
20204 Auger Cv
Travis Settlement Sec 06
$990,000 $290 3 bd / 4 ba 3,412 sqft , 2026-09-10
5016 Cypress Ranch Blvd
SOLA VISTA
$911,490 $325 4 bd / 4 ba 2,808 sqft , 2026-07-06
4921 Creek Meadow Cv
Travis Settlement Sec 03
$895,000 $253 4 bd / 4 ba 3,542 sqft , 2026-04-06
5000 Cypress Ranch Blvd
SOLA VISTA
$1,066,950 $274 5 bd / 5 ba 3,892 sqft , 2026-08-20
4917 Turquesa Dr
SOLA VISTA
$1,068,240 $348 4 bd / 5 ba 3,073 sqft , 2026-05-01

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
$4,680/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
$195,000
20% conventional investment loan

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

Estimated Gross Rent+$4,680
Principal + Interest−$5,321
Property Tax (~2.1% TX avg)−$1,706
Insurance (~0.5%)−$406
Est. Monthly Cash Flow $-2,753

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 16, 2026.

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