Active Listing  ·  2 days on market

408 Sleat Dr #302

Spicewood, TX 78669
$1,574,999
4 Bed 4 Bath 2,792 sqft $564/sqft Built 2027 1.10 acres 1.5-Car Garage Pool Waterfront Briarcliff Inc Sec 09 Amd

Perched on the south shore of Lake Travis in Briarcliff, Cliffside is a limited collection of 12 luxury waterfront residences with sweeping, unobstructed 180-degree lake views from every level. Each 4BR/4BA residence features a dedicated game room, real hardwood floors, luxury stone countertops, premium appliances, soaring ceilings with floor-to-ceiling windows, and a private 1.5-car garage. Two floor plans available: the upper-level Summit Residence places all bedrooms and living areas on one open level with elevated panoramic views; the Lakeview Residence spans two floors with a lower-level 4th bedroom, game room, and outdoor terrace overlooking the lake. Two designer palettes: the bright White Palette with white oak hardwood and crisp cabinetry, or the dramatic Dark Palette with smoked hardwood, rich stone, and brushed metal hardware. Situated in a protected deep-water, no-wake cove beside Briarcliff Marina, Cliffside holds navigable water even when lake levels drop — ensuring year-round access for owners and guests. Preferred boat and slip rentals of all sizes available at the marina. The Lighthouse Restaurant is 200 ft away. Amenities include a private day dock, swim platform, tennis and pickleball courts, dog park, disc golf, hike and bike trails, community pavilion, and golf cart accessibility throughout. Pace Bend Park — 1,300 acres of waterfront trails and swimming — is 2 miles away. All 12 residences are STR-eligible, making Cliffside one of the most compelling short-term rental investments in one of Texas's top lake markets. Low HOA covers common area maintenance and exterior insurance — the ultimate lock-and-leave experience as a primary home, Hill Country retreat, or income asset. Pre-construction pricing available. Inquire about residences currently available. ~40 min to Austin.

At $564/sqft, this home is priced 8% above the Spicewood active market average of $521/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

408 Sleat Dr #302, Spicewood, TX 78669

Property Details

Price $1,574,999
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 2,792 sqft
Lot Size 1.10 acres (48,003.12 sqft)
Year Built 2027
Garage 1.5 spaces
Stories ,
Type Residential · Condominium
Subdivision Briarcliff Inc Sec 09 Amd
County Travis
Zip Code 78669
$/sqft $564/sqft
Days on Market ,
HOA $480/Monthly
Annual Tax Est. $1,068.06
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT249064816
List Date October 6, 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
408 Sleat Dr #301
Briarcliff Inc Sec 09 Amd
$1,499,000 $537 4 bd / 4 ba 2,792 sqft , 2026-08-08
903 Cat Hollow Club Dr #A-1
Hunters Point Condo
$1,199,900 $384 4 bd / 4 ba 3,123 sqft , 2026-09-15
707 Cat Hollow Club Dr
Cat Hollow
$1,035,000 $423 3 bd / 3 ba 2,449 sqft , 2026-09-02

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
$7,560/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
$315,000
20% conventional investment loan

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

Estimated Gross Rent+$7,560
Principal + Interest−$8,595
Property Tax (~2.1% TX avg)−$2,756
Insurance (~0.5%)−$656
Est. Monthly Cash Flow $-4,447

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 October 7, 2026.

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