Active Listing  ·  69 days on market

5106 Spruce Cv

Austin, TX 78744
$600,000
4 Bed 2 Bath 1,860 sqft $323/sqft Built 2015 0.53 acres 5-Car Garage Pool Peppertree Park Sec 02

Rare East Austin Estate — Gated, Private, Half-Acre, 5-Car Garage, Live/Work Ready

Opportunities like this don't come around often in East Austin. Tucked at the end of a private cul-de-sac on a half-acre lot, this fully reimagined property offers the kind of privacy, space, and flexibility that's nearly impossible to find this close to downtown. A gated iron and stone entry, mature tree canopy on all sides, no rear neighbors, no right-side neighbors, and a creek running along the property line create a secluded retreat that feels worlds away — yet puts you minutes from everything Austin has to offer.

The main home features an open-concept layout with soaring vaulted ceilings, polished stained concrete floors, and a designer kitchen with bamboo cabinetry, quartz countertops, a large island, walk-in pantry, and stainless appliances. The oversized covered back deck with wood-paneled ceiling, dual ceiling fans, and recessed lighting overlooks a lush, fully fenced backyard — perfect for entertaining or simply enjoying the natural surroundings.

For those who want to live and work from the same address, this property is purpose-built for it. A dedicated home office with glass doors and built-in workstations accommodates a small team, making it ideal for entrepreneurs, creatives, or remote professionals who want a professional setup without leaving home.

And then there's the 5-bay steel garage — a rare find anywhere in Austin. With a large concrete apron, roll-up doors, and serious square footage, it works equally well as a workshop, vehicle storage, studio, or business operations space.

Property highlights: Half-acre lot, gated entry, end-of-cul-de-sac privacy, creek-adjacent, no rear or right-side neighbors, live/work floor plan, 5-car garage/workshop, vaulted ceilings, stained concrete floors, quartz countertops, bamboo cabinetry, covered front and rear decks, downtown Austin skyline views from aerial, mature tree canopy.

At $323/sqft, this home is 17% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5106 Spruce Cv, Austin, TX 78744

Property Details

Price $600,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,860 sqft
Lot Size 0.53 acres (23,261.04 sqft)
Year Built 2015
Garage 5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Peppertree Park Sec 02
County Travis
Zip Code 78744
$/sqft $323/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,015
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231646396
List Date May 27, 2026
Elementary School Rodriguez
Middle School Mendez
High School Akins
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin 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 Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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
8409 Nairn Dr
Deer Park At Maple Run Sec 10
$600,000 $268 4 bd / 3 ba 2,238 sqft , 2026-02-25
2818 E 22nd St #2
Austin Heights
$600,000 $311 3 bd / 3 ba 1,930 sqft , 2026-01-07
6216 Toscana Ave
Sendero Hills Ph 03 Amd Of
$600,000 $251 3 bd / 3 ba 2,388 sqft , 2026-04-16
6108 Bridlington Cir
Cherry Creek Ph 06 Sec 02 Amd
$600,000 $387 3 bd / 2 ba 1,552 sqft , 2026-04-10
6205 Caddie St #1
Addie Condo
$600,000 $333 3 bd / 3 ba 1,801 sqft , 2026-05-02

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
$2,880/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
$120,000
20% conventional investment loan

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

Estimated Gross Rent+$2,880
Principal + Interest−$3,274
Property Tax (~2.1% TX avg)−$1,050
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,694

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 Austin, TX

Austin 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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