Active Listing  ·  93 days on market

906 Moonlight Bay Dr

Spicewood, TX 78669
$3,250,000
4 Bed 6 Bath 4,521 sqft $719/sqft Built 2027 3.05 acres 3-Car Garage Pool Waterfront Coves On Lake Travis The Ph 1

Beautifully imagined and expertly crafted by LTB Design Build, this exceptional one-story estate flows effortlessly across a private 3.05-acre homesite beneath a canopy of mature trees. Located within an exclusive gated waterfront community, This estate includes a private boat slip at the marina with tennis courts and waterfront park. Spanning 4,521 square feet, thoughtfully designed residence offers an open, light-filled floorplan showcasing all the finest appointments. A generous front porch welcomes guests into a grand foyer, where dramatic walls of glass frame views of the 15’ x 30’ pool, tranquil water feature, and gardens. The private owner’s wing is thoughtfully positioned, featuring a handsome study, elegant powder bath, and a spacious primary suite with access to pool and outdoor living. The luxurious spa-inspired bath offers dual vanities, a soaking tub, oversized shower, and two walk-in closets. Designed for both everyday living and entertaining, an expansive great room, dining area, and kitchen flow seamlessly together to the oversized outdoor living pavilion. Surrounded by towering trees, the outdoor retreat provides exceptional privacy and features a fully equipped outdoor kitchen and abundant space for alfresco dining and gatherings. The gourmet kitchen is a true showpiece, appointed with a 48-inch gas range, 48-inch built-in refrigerator (available with custom cabinetry panels or stainless-steel finish), wine refrigerator, trench sink integrated into the chef’s island, and an additional sink with front facing window. A concealed sub-kitchen, accessed through a pocket door, has a refrigerator, walk-in pantry, dishwasher, and sink—ideal for catering, and keeping the main kitchen pristine. Completing the home is a large game room overlooking the woods, plus three guest suites, each with en-suite baths. Now is your opportunity to work alongside the LTB Design Build team to customize and make this remarkable estate truly yours in The Coves at Lake Travis.

At $719/sqft, this home is priced 41% 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

906 Moonlight Bay Dr, Spicewood, TX 78669

Property Details

Price $3,250,000
Status Active Listing
Beds 4
Full Baths 5
Half Baths 1
Living Area 4,521 sqft
Lot Size 3.05 acres (132,858 sqft)
Year Built 2027
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Coves On Lake Travis The Ph 1
County Travis
Zip Code 78669
$/sqft $719/sqft
Days on Market ,
HOA $2,175/Annually
Annual Tax Est. $8,315.93
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT236413844
List Date June 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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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
19559 Sandcastle Dr
Coves On Lake Travis The Ph 1
$3,480,000 $757 4 bd / 5 ba 4,600 sqft , 2026-07-02
20607 Thurman Bend Rd
Angel Bay
$2,800,000 $489 5 bd / 6 ba 5,730 sqft , 2026-01-16
19604 Flying J Blvd
Reserve At Lake Travis
$2,750,000 $538 4 bd / 5 ba 5,108 sqft , 2026-03-03
1817 Knights Chance Ln
Reserve At Lake Travis
$2,650,000 $509 5 bd / 6 ba 5,208 sqft , 2026-06-18
821 S Angel Light Dr
La Isla At Angel Bay Sec 02
$2,599,000 $610 5 bd / 6 ba 4,259 sqft , 2026-02-25

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
$15,600/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
$650,000
20% conventional investment loan

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

Estimated Gross Rent+$15,600
Principal + Interest−$17,737
Property Tax (~2.1% TX avg)−$5,688
Insurance (~0.5%)−$1,354
Est. Monthly Cash Flow $-9,179

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 June 24, 2026.

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