Active Listing  ·  97 days on market

505 Broken Arrow Dr

Spicewood, TX 78669
$385,000
3 Bed 2 Bath 1,060 sqft $363/sqft Built 2021 0.37 acres 1-Car Garage Pool Lakeside Beach

Tucked inside the gated Lakeside Beach community in Spicewood, this charming Hill Country cottage offers the perfect blend of cozy design, peaceful surroundings, and relaxed lake living. Set on approximately 0.36 acres with beautiful Hill Country views, this 2-bedroom, 2-bath home is ideal as a full-time residence or weekend getaway near Lake Travis.

Inside, you’ll find timeless character with vaulted ceilings, white shiplap walls, corrugated metal accents, warm wood finishes, and abundant natural light. The open concept living area is anchored by a freestanding wood-burning stove, creating an inviting space that perfectly balances rustic charm with modern comfort. Upstairs, a spacious approximately 160-square-foot loft provides valuable bonus space for guests, a home office, media room, or additional sleeping accommodations.

The outdoor space is equally impressive, featuring a circular gravel driveway, a detached workshop complete with electricity and water, covered storage areas, ranch style fencing, and plenty of room for boats, trailers, recreational vehicles, and outdoor hobbies.

Residents of Lakeside Beach enjoy an exceptional array of private amenities, including gated access, a neighborhood boat ramp, fishing dock, waterfront park, swimming pool, picnic areas, and direct access to Lake Travis. Ideally located near local favorites such as Pace Bend Park, Briarcliff Marina, wineries, golf courses, and popular Hill Country restaurants, this property offers the peaceful lake lifestyle that makes Spicewood one of the area’s most desirable destinations.

At $363/sqft, this home is 27% below the Spicewood active market average of $497/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

505 Broken Arrow Dr, Spicewood, TX 78669

Property Details

Price $385,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,060 sqft
Lot Size 0.37 acres (16,069.28 sqft)
Year Built 2021
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeside Beach
County Burnet
Zip Code 78669
$/sqft $363/sqft
Days on Market ,
HOA $500/Annually
Annual Tax Est. $3,590.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230651782
List Date May 19, 2026
Elementary School Spicewood (Marble Falls ISD)
Middle School Marble Falls
High School Marble Falls
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 →

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
503 Chantilly Ln
Lakeside Beach
$350,000 $265 3 bd / 2 ba 1,322 sqft , 2026-06-20

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
$1,848/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
$77,000
20% conventional investment loan

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

Estimated Gross Rent+$1,848
Principal + Interest−$2,101
Property Tax (~2.1% TX avg)−$674
Insurance (~0.5%)−$160
Est. Monthly Cash Flow $-1,087

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 June 30, 2026.

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