Active Listing  ·  210 days on market

821 S Angel Light Dr

Spicewood, TX 78669
$2,599,000
5 Bed 6 Bath 4,259 sqft $610/sqft Built 2017 2.53 acres 3-Car Garage Pool Waterfront La Isla At Angel Bay Sec 02

Set behind the gates of Angel Bay, 821 S. Angel Light Drive is a striking Lake Travis waterfront home offering modern farmhouse elegance, resort-style outdoor living, and direct lake access with a private boat dock. Built in 2017, the 4,259-square-foot residence features 5 bedrooms and 5.5 bathrooms, designed for natural light and seamless indoor-outdoor living. The main living area showcases soaring ceilings and a dramatic fireplace, creating an inviting yet refined atmosphere. The chef’s kitchen includes a large center island, granite countertops, stainless steel appliances, and a gas range, ideal for entertaining or everyday living. A main-level office provides flexibility for remote work or quiet study. The main-level primary suite is a peaceful retreat with tranquil lake views and a spa-inspired bathroom. Additional bedrooms are generously sized with lake views, while a media and recreation room offers space for movie nights, games, and gatherings. Outdoors, the property shines with Lake Travis views, a resort-style pool, expansive decks, fire pit, and integrated water features. The sellers have meticulously enhanced the grounds with a private boat dock, stairs and track, a white sand beach with sand shipped from a golf course, putting green, retaining walls, well house, and a switchback walkway leading directly to the water—creating a private lakeside escape for boating, swimming, and relaxation. Adjacent to the pool, a fully equipped guest suite/pool house with kitchenette, dining area, bathroom, and Murphy bed offers ideal accommodations for visitors or extended stays. Located in La Isla at Angel Bay, a gated waterfront enclave on Lake Travis, residents enjoy privacy, Hill Country scenery, boating and water recreation, Lake Travis ISD, and an easy drive to Austin. 821 S. Angel Light Drive offers a rare opportunity to own a Lake Travis waterfront home with a private boat dock and resort-style pool, where luxury living and outdoor adventure converge.

At $610/sqft, this home is priced 20% above the Spicewood active market average of $509/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

821 S Angel Light Dr, Spicewood, TX 78669

Property Details

Price $2,599,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths 1
Living Area 4,259 sqft
Lot Size 2.53 acres (110,206.8 sqft)
Year Built 2017
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision La Isla At Angel Bay Sec 02
County Travis
Zip Code 78669
$/sqft $610/sqft
Days on Market ,
HOA $1,378/Semi-Annually
Annual Tax Est. $45,752.27
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT220511465
List Date February 25, 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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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
1817 Knights Chance Ln
Reserve At Lake Travis
$2,650,000 $509 5 bd / 6 ba 5,208 sqft , 2026-06-18
19604 Flying J Blvd
Reserve At Lake Travis
$2,750,000 $538 4 bd / 5 ba 5,108 sqft , 2026-03-03
20607 Thurman Bend Rd
Angel Bay
$2,800,000 $489 5 bd / 6 ba 5,730 sqft , 2026-01-16
906 Moonlight Bay Dr
Coves On Lake Travis The Ph 1
$3,250,000 $719 4 bd / 6 ba 4,521 sqft , 2026-06-22
19901 Moon Dance Ln
Siesta Shores Sec 01 Rev
$1,800,000 $399 4 bd / 4 ba 4,511 sqft , 2025-10-23

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
$12,475/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
$519,800
20% conventional investment loan

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

Estimated Gross Rent+$12,475
Principal + Interest−$14,184
Property Tax (~2.1% TX avg)−$4,548
Insurance (~0.5%)−$1,083
Est. Monthly Cash Flow $-7,340

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 21, 2026.

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