Active Listing  ·  231 days on market

509 Coventry Rd

Spicewood, TX 78669
$749,000
4 Bed 5 Bath 3,441 sqft $218/sqft Built 1984 3.07 acres 2-Car Garage Pool Waterfront Windermere Oaks

Perched high above the sparkling waters of Lake Travis, 509 Coventry Rd is more than a home — it’s a private Hill Country retreat where breathtaking views, unforgettable sunsets, and peaceful surroundings create an everyday escape from the ordinary.

Nestled on 3.07 private acres within a gated community, this fully furnished property offers the perfect blend of relaxation, entertainment, and investment opportunity. Whether you’re searching for a luxury second home, a memorable gathering place for family and friends, or a turnkey short-term rental, this one delivers.

Designed with a unique three-level layout and elevated “treehouse” feel, the home comfortably sleeps up to 18 guests with 4 spacious bedrooms and 4.5 bathrooms. Expansive windows and outdoor living spaces capture panoramic views of Lake Travis and the rolling Hill Country from nearly every angle.

The oversized top deck was made for entertaining — imagine sunset dinners, morning coffee overlooking the lake, and evenings under the stars with family and friends. Inside, recent updates including fresh interior and exterior paint and new flooring create a clean, modern feel while maintaining the home’s warm, inviting character.

Additional features include:

• Fully furnished and turnkey

• Two HVAC systems for efficient comfort

• Solar panels to help reduce energy costs

• Roof replaced in 2022

• Oversized garage with ample storage for lake toys and gear

• Boat ramp and dock access just 5 minutes away

Residents also enjoy fantastic community amenities including:

• Two swimming pools

• Tennis court

• Pavilion with outdoor kitchen for gatherings and events

Life here feels peaceful, elevated, and connected to nature — yet still filled with fun, adventure, and possibility. Spend your days on the lake, your evenings soaking in endless Hill Country sunsets, and your weekends creating memories people will talk about for years to come.

This is the kind of place people never want to leave.

At $218/sqft, this home is 60% below the Spicewood active market average of $540/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

509 Coventry Rd, Spicewood, TX 78669

Property Details

Price $749,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 3,441 sqft
Lot Size 3.07 acres (133,729.2 sqft)
Year Built 1984
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Windermere Oaks
County Burnet
Zip Code 78669
$/sqft $218/sqft
Days on Market ,
HOA $710/Annually
Annual Tax Est. $10,323
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT218147299
List Date March 26, 2026
Elementary School Spicewood (Marble Falls ISD)
Middle School Marble Falls
High School Marble Falls
School District Marble Falls ISD

Marble Falls ISD

Spicewood (Marble Falls ISD) · Marble Falls · Marble Falls

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 · March 26, 2026 $1,050,000
Previous ask $775,000
Current ask $749,000
▼ Reduced $301,000 (-28.7%) 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
1881-A County Road 414 None
Muleshoe Bend
$799,000 $321 4 bd / 3 ba 2,491 sqft , 2026-10-22
400 Bedford Dr
Windermere Oaks
$695,000 $233 4 bd / 3 ba 2,988 sqft , 2026-09-30
115 Hill Loop
Windermere Oaks
$649,000 $211 3 bd / 4 ba 3,069 sqft , 2026-03-15
100 Derby Dr
Windermere Oaks
$965,000 $277 4 bd / 3 ba 3,478 sqft , 2026-10-05
313 Kendall Dr
Windermere Oaks
$523,000 $223 3 bd / 2 ba 2,350 sqft , 2026-09-10

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
$3,595/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
$149,800
20% conventional investment loan

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

Estimated Gross Rent+$3,595
Principal + Interest−$4,088
Property Tax (assumed ~2.1%)−$1,311
Insurance (assumed ~0.5%)−$312
Est. Monthly Cash Flow $-2,116

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

More Luxury Homes in Spicewood

Loading…
View All Luxury Homes →
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 · 41 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. The written content was last updated on November 3, 2026.

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

Save this home