Active Listing  ·  154 days on market

5129 Diamante Dr

Spicewood, TX 78669
$1,100,000
4 Bed 4 Bath 3,828 sqft $287/sqft Built 2016 1.25 acres 3-Car Garage Pool Sola Vista Sec 2

***AI used to stage*** Private 1.25-acre homesite in highly desirable Sola Vista community, this home offers refined blend of Hill Country elegance and modern functionality. This expansive 1 owner pristinely cared for single-story home features 4 beds, 3.5 baths, approx. 3828 sq.ft., 3-car garage, all framed by mature trees & serene long-range views. Thoughtfully designed layout includes 2 living areas, 2 dining spaces, dedicated study w/ ethernet connectivity, & spacious primary suite. Architectural details such as beamed & coffered ceilings, high ceilings, & striking stone fireplace create warm yet sophisticated atmosphere, while wood flooring throughout all bedrooms ensures completely carpet-free interior. Kitchen is equipped with built-in oven, gas cooktop, & matching GE Cafe refrigerator (conveys), along with recent upgrades: new double dish drawer, sink & disposal. Comfort & efficiency are enhanced w Nest thermostats, mini-split in garage, whole-house million-gallon water filtration system, water softener & 2 new water heaters installed 2024. All bathrooms upgraded with handheld shower hoses, glass shower doors in guest baths, and soft-close commode seats for a polished, modern finish. Outdoor living is equally impressive, with a covered patio featuring upgraded fans, added lighting and backyard double floodlights, perfect for entertaining or relaxing under the stars. The property also includes a fenced dog run with gate, upgraded sprinkler system with additional zones, and professionally enhanced landscaping with added stonework and decorative front bed. Located within Lake Travis ISD and offering ability to purchase access to community amenities including pool and hike and bike trails, this property delivers the space, upgrades, and lifestyle expected of a luxury Hill Country home, all a short drive from the conveniences of Lakeway/Bee Cave. Future 2nd high school being built just outside community. See Upgrade Doc.

At $287/sqft, this home is 44% 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

5129 Diamante Dr, Spicewood, TX 78669

Property Details

Price $1,100,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,828 sqft
Lot Size 1.25 acres (54,580.68 sqft)
Year Built 2016
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sola Vista Sec 2
County Travis
Zip Code 78669
$/sqft $287/sqft
Days on Market ,
HOA $400/Annually
Annual Tax Est. $8,642
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226234128
List Date April 22, 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.

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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 22, 2026 $1,275,000
Previous ask $1,195,000
Current ask $1,100,000
Reduced $175,000 (-13.7%) 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
4917 Turquesa Dr
SOLA VISTA
$1,068,240 $348 4 bd / 5 ba 3,073 sqft , 2026-05-01
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
4932 Cypress Ranch Blvd
SOLA VISTA
$1,200,770 $246 4 bd / 4 ba 4,882 sqft , 2026-07-06
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
$5,280/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
$220,000
20% conventional investment loan

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

Estimated Gross Rent+$5,280
Principal + Interest−$6,003
Property Tax (~2.1% TX avg)−$1,925
Insurance (~0.5%)−$458
Est. Monthly Cash Flow $-3,106

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 2, 2026.

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