A thoughtful balance of scale and livability defines this Spanish
Oaks estate, situated on a quiet cul-de-sac where each level of the
home is intentionally designed to support the way people live,
gather, and unwind. A fully self-contained guest apartment,
multiple dedicated workspaces, and an entertainment-driven lower
level create a residence designed to evolve with its owner. The
main level is centered around connection, with expansive living and
dining spaces flowing seamlessly into a well-appointed kitchen and
oversized butler's pantry-ideal for both everyday living and
hosting. Multiple en-suite bedrooms and a private office provide
functional separation, while the guest apartment, with its own
entrance and garage, creates a true extension of the home for
long-term guests or multigenerational living. Upstairs, the primary
suite is positioned as a private retreat, featuring dual walk-in
closets, a spa-style bath, and a balcony overlooking the Hill
Country. An adjacent room, currently configured as an office, also
lends itself well to a nursery. The lower level is designed for
recreation and entertaining, complete with a game room, full bar,
theater, and additional guest accommodations, currently utilized as
a fitness space. Outdoor living is equally considered, with
multiple covered patios, a pool, and an outdoor bar and grilling
area designed for year-round enjoyment, all complemented by
low-maintenance grounds. Located within the guard-gated community
of Spanish Oaks, residents enjoy access to a private golf club,
Fish Camp, hike and bike trails, a resort-style pool pavilion, and
community parks. Zoned to Lake Travis ISD and minutes from the Hill
Country Galleria, this property offers a rare combination of
flexibility, privacy, and lifestyle.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
An extraordinary estate in the gated golf community of Spanish Oaks. Privately situated on a cul-de-sac, this ~8,400-sf home blends everyday ease with refined Hill Country polish. The main level features an open floor plan connecting the living room, formal dining area, bar/lounge, and an eat-in kitchen with a large butler’s pantry. Three en-suite bedrooms share this floor with a private office (flexible fifth bedroom) and a separate apartment with its own entrance and garage.
Upstairs, the primary retreat includes dual walk-in closets, a spa-style bath, and a balcony with tranquil views, plus a second office ideal for remote work or creative pursuits.
The lower level is designed for entertaining, with a game room, full bar, and dedicated theater—plus an additional bedroom and full bath currently used as a fitness room.
Outside, multiple covered patios frame an in-ground pool and outdoor bar, while low-maintenance turf keeps the yard green year-round. Just minutes from the Amenity Center (pool, trails, Fish Camp). Optional Spanish Oaks Golf Club membership available. Easy access to downtown Austin and the Hill Country Galleria. All figures should be independently verified.
Dec 9, 2025
Withdrawn
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Withdrawn
Sep 5, 2025
Listed by AustinRealEstate.com
$4,995,000
Listed by AustinRealEstate.com
An extraordinary estate in the gated golf community of Spanish Oaks. Privately set on a cul-de-sac, this ~8,400-SF home blends everyday ease with Hill Country polish. The main level’s open plan connects the living room, formal dining, bar/lounge, and an eat-in kitchen with a large butler’s pantry. Three en-suite bedrooms share the floor with a private office (flex fifth bedroom) and a separate apartment with its own entrance and garage.
Upstairs, the primary retreat offers dual walk-in closets, a spa-style bath, and a balcony with tranquil views, plus a second office for remote work or creative space.
The lower level is built for entertaining—game room, full bar, and dedicated theater—plus an additional bedroom and full bath currently used as a fitness room.
Outside, multiple covered patios frame an in-ground pool and outdoor bar; low-maintenance turf keeps the yard green year-round. Minutes to the Amenity Center (pool, trails, Fish Camp). Optional Spanish Oaks Golf Club membership. Easy access to downtown Austin and the Hill Country Galleria. Information should be verified.
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