3 bed, 3 bath, 2,000 sqft on 0.06 acres in Spicewood. Spicewood, TX 78669. $995,500. Marble Falls ISD.
About This Home
Captivating Panoramic Lake Travis & Texas Hill Country views greet you!! Direct access to the water is easily achievable via stairs leading straight to the shoreline for kayaking, fishing, or soaking in the sun. Additionally, an adjacent lot is available to purchase providing added value, privacy, expansion, or for your specific outdoor vision. Step outside to multiple decks—including lower-level bench seating ... descend stairs straight to the water's edge. *Short Term Rentals ARE allowed for the opportunity to make this an Income Producing Property* Soaring ceilings, a uniquely designed beamed great room ceiling, and propane fireplace set the stage for effortless entertaining, while walls of windows bring panoramic lake views ‘inside’. The chef’s kitchen is nothing short of spectacular: Viking propane cooktop, double ovens, Sub-Zero refrigerator, beverage fridge, ice machine, trash compactor, and a pantry with coffee bar. Dine at the kitchen bar or a dedicated dining area, then spill out onto expansive decks that practically float above the water for outdoor living and al fresco dining.The upper-level primary suite is a private retreat with a small balcony overlooking the lake. A soaking tub, walk-in shower, & massive walk-in closet with built-ins are highlights of the luxurious primary bath. The second level guest bedroom has an en-suite bath plus there is a main level bedroom for guests - or those not preferring stairs - with an adjacent full bath. A second level study/office with built in desks and shelving overlooks the living area below. Set on calm, pristine waters perfect for skiing, boating, and world-class fishing, the home is within the gated Windermere Oaks community featuring three pools, tennis courts, a marina where boat slips are frequently available to purchase or lease, and a private boat launch for Windermere property owners. You will also be close to Spicewood’s 88R Airstrip for private fly-in access. Welcome to your new Lake Travis Retreat!
Waterfront access and broad Lake Travis and Texas Hill Country views define the value at 102 Center Cove I in Spicewood, where a 3 bedroom, 3 bath single family residence pairs direct shoreline use with a 0.12 acre homesite in Spicewood, Burnet County. At $1.18M, or $612 per square foot, the pricing sits against a specific combination buyers track closely in this part of the market: water, usable outdoor living, and a community position with established recreational infrastructure. The property is also within Marble Falls ISD, with Spicewood Elementary and Marble Falls High serving the area.
Built in 1999 and spanning 1,921 square feet, the house is laid out for both everyday use and weekend occupancy. The main level includes a bedroom and adjacent full bath, which gives the floor plan flexibility for guests or owners who want to limit stair use. Upstairs, the primary suite is set apart with its own balcony facing the lake, while another secondary bedroom has an en-suite bath. A study or office with built-in desks and shelving adds practical function without pushing the home beyond its footprint.
What matters here is how the structure engages the site. Multiple decks extend the living areas outward, including lower-level bench seating, and stairs lead directly to the water's edge for kayaking, fishing, and sun exposure at the shoreline. Walls of windows and a beamed great room ceiling keep the lake in view from the main gathering spaces, while the propane fireplace anchors the living area. The kitchen is equipped at a level buyers in this range expect to evaluate carefully, with a Viking propane cooktop, double ovens, a Sub-Zero refrigerator, beverage fridge, ice machine, trash compactor, pantry, and coffee bar.
The adjacent lot also conveys, which materially changes the discussion around privacy, expansion, and future control of the immediate setting. In a waterfront segment where buildable separation and sightline protection can have lasting importance, that added land is not a minor detail. Spicewood adds three pools, tennis courts, a marina where slips are often available for purchase or lease, and a private boat launch for property owners. For a buyer focused on Lake Travis access, usable outdoor space, and long-term control of a waterfront position, 102 Center Cove I is the kind of asset that can hold relevance well beyond a single buying cycle.
The numbers behind this insight
- Offered at
- $995,500
- Listed
- August 21, 2025
- Price changes
- 2, down 20.4% from $1,250,000
- Asking price per sq ft
- $498
- Property Type
- Residential
- Year Built
- 1999
- Lot Size
- 0.06 acres
- Price / Sq Ft
- $498
- HOA
- $675/year
- Garage
- 2 spaces
Listing information last updated September 14, 2026.
Listed by Keller Williams Realty
MLS# 5469323 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Bookcases
- Breakfast Bar
- Built-in Features
- Ceiling Fan(s)
- Beamed Ceilings
- Ceiling-High
- Granite Counters
- Double Vanity
- Eat-in Kitchen
- Entrance Foyer
- Interior Steps
- Kitchen Island
- Multiple Living Areas
- Open Floorplan
- Pantry
- Recessed Lighting
- Soaking Tub
- Storage
- Track Lighting
- Walk-In Closet(s)
- Bar Fridge
- Built-In Oven(s)
- Built-In Refrigerator
- Cooktop
- Dishwasher
- Disposal
- Ice Maker
- Microwave
- Propane Cooktop
- RNGHD
- Refrigerator
- Stainless Steel Appliance(s)
- Trash Compactor
- Vented Exhaust Fan
- Electric Water Heater
- Carpet
- Tile
- Heating
- Electric,Fireplace(s),Zoned
- Cooling
- Ceiling Fan(s),Central Air,Multi Units,Zoned
- Fireplaces
- 1
Exterior & Lot
- Balcony
- Exterior Steps
- Lighting
- Private Entrance
- Hardi
- Plank Type
- Stone
- Cul-De-Sac
- Gentle Sloping
- Sprinkler - Automatic
- Sprinkler - Partial
- Trees-Large (Over 40 Ft)
- Many Trees
- Views
- Zero Lot Line
- Pillar
- Post
- Pier
- Slab
- Deck
- Porch
- Terrace
- Roof
- Composition
- Lot Size
- 0.06 Acres
- Attached
- Door-Single
- Driveway
- Garage
- Garage Faces Side
- Kitchen Level
- Garage Spaces
- 2
- Lake Front
- Waterfront
Financial
- HOA Fee
- $675 / year
- Original List Price
- $1,250,000
- Price per Sq Ft
- $498
Utilities
- Electricity Connected
- High Speed Internet
- Phone Available
- Propane
- Sewer Connected
- Water Connected
- Water Source
- Private
- Sewer
- Private Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 102 Center Cove I, whoever represented it.
- ActiveListed 2025Current price: $995,500Original list: $1,250,000MLS 5469323
- Price changed · May 4, 2026$1,150,000
- Price changed · June 19, 2026$995,500
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listed with current price, original ask, and market time.
- Current list
- $995,500
- Original list
- $1,250,000
- Price movement
- $254.5K reduction
- Listed / DOM
- Aug 21, 2025 · 420 days
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Zoned Schools & District Context
Marble Falls
Bee Cave Middle School
Spicewood
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-15T12:17:05.091+00:00; normalized from annual dues.
20% ($199K)
Adjustable assumption - not a lending recommendation.
$995,500
Luxury property intelligence
Keenan Market Position
A sourced read on Spicewood pricing, timing, and property scale. No automated valuation claim.
List price
$995,500
Price per sqft
$498/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
420 days
Original to current
$254.5K reduction
$1.3M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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