Active Listing  ·  103 days on market

5201 Great Divide Dr

Bee Cave, TX 78738
$1,795,000
4 Bed 5 Bath 3,950 sqft $454/sqft Built 2000 1.36 acres 3-Car Garage Pool Homestead Sec 03

Welcome to an extraordinary residence where thoughtful design meets effortless luxury. Meticulously crafted including the garage and nestled in one of Austin's most coveted zip codes, this 3,950 square foot showpiece commands attention from the moment you arrive — and never stops impressing.

This is a home built for those who want their main living elevated — literally!

The primary suite, gourmet kitchen, dining room, and main living space occupies the entire upper floor, capturing the best views and natural light the property has to offer.

A private lower level — with three additional bedrooms and a large second living space — creates true separation for guests or teens. In addition this level offers a large private office. If you've ever wanted your own floor to yourself, with the rest of the household comfortably out of earshot, this layout was made for you. From soaring ceilings to bespoke architectural details throughout, every inch has been crafted with intention.

The lower level opens onto a grand outdoor entertaining space with a resort-style pool, cabana, fire pit and outdoor kitchen.

This home is ideal for buyers who work from home, host and entertain often or simply want their everyday living elevated above all, both literally and figuratively. Practicality matches luxury at every turn.

An oversized three-car garage with workshop, plus a dedicated car wash station to keep your vehicles pristine, while a rare and convenient dumbwaiter connects the levels with ease — a thoughtful touch that sets this home apart from the rest.

Just minutes to shopping, dining, schools and medical facilities in Bee Cave and Lakeway, with an easy commute to downtown, the airport, or the Hill Country. No HOA, low tax rate and Lake Travis Schools.

At $454/sqft, this home is priced 49% above the Bee Cave active market average of $305/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5201 Great Divide Dr, Bee Cave, TX 78738

Property Details

Price $1,795,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 2
Living Area 3,950 sqft
Lot Size 1.36 acres (59,328.72 sqft)
Year Built 2000
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Homestead Sec 03
County Travis
Zip Code 78738
$/sqft $454/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $17,882.05
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235509450
List Date June 12, 2026
Elementary School Lake Pointe
Middle School Bee Cave Middle School
High School Lake Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Bee Cave 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 Bee Cave

Comparable Listings Right Now

Homes currently for sale in Bee Cave 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
4801 PECAN CHASE None
Spanish Oaks
$2,195,000 $605 5 bd / 5 ba 3,627 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
$8,616/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
$359,000
20% conventional investment loan

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

Estimated Gross Rent+$8,616
Principal + Interest−$9,796
Property Tax (~2.1% TX avg)−$3,141
Insurance (~0.5%)−$748
Est. Monthly Cash Flow $-5,069

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 Bee Cave, TX

Bee Cave 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 15, 2026.

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