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5106 Spruce CV
About This Property
Opportunities like this don't come around often in East Austin. Tucked at the end of a private cul-de-sac on a half-acre lot, this fully reimagined property offers the kind of privacy, space, and flexibility that's nearly impossible to find this close to downtown. A gated iron and stone entry, mature tree canopy on all sides, no rear neighbors, no right-side neighbors, and a creek running along the property line create a secluded retreat that feels worlds away - yet puts you minutes from everything Austin has to offer.
The main home features an open-concept layout with soaring vaulted ceilings, polished stained concrete floors, and a designer kitchen with bamboo cabinetry, quartz countertops, a large island, walk-in pantry, and stainless appliances. The covered back deck with wood-paneled ceiling, dual ceiling fans, and recessed lighting overlooks a lush, fully fenced backyard - perfect for entertaining or simply enjoying the natural surroundings.
For those who want to live and work from the same address, this property is built for it. A dedicated home office with glass doors and built-in workstations accommodates a small team, making it ideal for entrepreneursor remote professionals who want a professional setup without leaving home.
And then there's the 5-bay steel garage - a rare find anywhere in Austin. With a large concrete apron, roll-up doors, and serious square footage, it works equally well as a workshop, vehicle storage, studio, or business operations space.
Property highlights: Half-acre lot, gated entry, end-of-cul-de-sac privacy, creek-adjacent, no rear or right-side neighbors, live/work floor plan, 5-car garage/workshop, vaulted ceilings, stained concrete floors, quartz countertops, bamboo cabinetry, covered front and rear decks, downtown Austin skyline views from aerial, mature tree canopy.
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What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2026 | In contract | - | |
| In contract | |||
| May 27, 2026 | Listed by Phyllis Browning Company | $600,000 | |
| Listed by Phyllis Browning Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017