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5 bed, 5 bath, 4,507 sqft on 1.01 acres in Spanish Oaks. Austin, TX 78738. Last listed at $2,490,000, sold May 29, 2025. Lake Travis ISD.
About This Home
Perfectly perched on a bluff to maximize privacy and views, this luxurious Spanish Oaks home sits on just over an acre. Designed by Barley & Pfeiffer with energy efficient elements including metal roof with deep overhangs for shade and a 10kW photovoltaic solar panel system ( = low bills!). This 4500+sf custom home features good flow with 5 bedrooms + office + 5 full baths. The modern open living area, complete with stone fireplace and hardwood floors, boasts inspiring sunset views. Two screened porches (one with additional fireplace) offer intimate places to gather. Outside, the large covered patio and pool deck provide VIP access to spectacular sunsets. Plus there's a fire pit and flat green yard! Owners suite on the main floor features a roomy bath (with space for a Peloton or sauna) and a fabulous, oversized closet. Upstairs you will find a second living area (home theater or craft room?) and 3 more bedrooms along with 2 full baths. Don't miss the 1200+ bottle, climate controlled wine cellar. Detached oversized 3 car garage. Spanish Oaks Lifestyle: 24 hour gated security, resort style pool pavilion, sports courts, fish camp, and 1 of the top private golf courses in Texas - surrounded by great architecture in a dramatic hill country setting. Best price in Spanish Oaks for a single family home.
Spanish Oaks has one of only three Bobby Weed-designed golf courses in Texas, and membership is capped well below the capacity most private clubs allow. That intentional scarcity defines the community's approach: fewer homes, larger lots, wider buffers between neighbors, and a club experience that prioritizes quality of play over volume. The result functions more like a private retreat than a subdivision.
The community is located in the Bee Cave corridor of 78738, west of Austin along Highway 71. Downtown follows 71 east to MoPac, about twenty-five to thirty minutes in normal traffic. Hill Country Galleria is roughly ten minutes away. Trattoria Lisina offers Italian food and a wine cave experience near Driftwood. SP Brazilian does churrascaria. The Gramercy has become a date-night go-to. Steiner Ranch Steakhouse covers the classic category, Cafe Blue does seafood, and Tadashi handles Japanese.
Homes are luxury estates on large lots, with native limestone, standing-seam metal roofs, and expansive outdoor living areas taking advantage of canyon views. Custom builds are the norm. Architectural review maintains cohesive character without forcing uniformity. Most homes range from 4,000 to over 8,000 square feet on lots starting at one acre, extending past two acres for canyon rim and golf course positions. Prices begin around $2 million and climb past $6 million. Inventory turns slowly because most owners are long-term residents.
Spanish Oaks is served by Lake Travis ISD. Bee Cave Elementary is the primary feeder and reflects the small, well-funded campus parents here expect. Students move to Bee Cave Middle School and Lake Travis High School, recognized for academics and athletics. The district has invested heavily in facilities and technology, and the tax base from communities like Spanish Oaks supports that investment.
Mornings often start on the course, where the first tee fills before 8 AM. The Bobby Weed layout plays through native terrain with canyon crossings that are as scenic as they are challenging. The clubhouse hosts dinners and member events. Beyond the gates, Milton Reimers Ranch provides miles of mountain biking along the Pedernales River. Hamilton Pool is a short drive southwest. Pace Bend Park on Lake Travis offers lake access. The lifestyle is private but not isolated, with club events and school functions keeping the calendar full.
Spanish Oaks competes with Barton Creek, Rob Roy, and The Hills of Lakeway. Barton Creek offers larger scale with more amenities and a shorter commute. Rob Roy provides Eanes ISD and established acreage closer to the city. The Hills has similar pricing and Lake Travis ISD but a larger community. Spanish Oaks differentiates through exclusivity and golf quality. The Bobby Weed course is widely considered one of the best private courses in the Hill Country, and limited membership means you never wait for a tee time.
Spanish Oaks is for buyers who want a private club lifestyle in the Texas Hill Country with a world-class golf course at the center. It fits families who value Lake Travis ISD, retirees who want serious golf every morning, and anyone where privacy and quality matter more than proximity.
School District: Lake Travis ISD
View Spanish Oaks neighborhood guide- Property Type
- Residential
- Year Built
- 2007
- Lot Size
- 1.01 acres
- Price / Sq Ft
- $552
- HOA
- $1,600/quarter
- Garage
- 3 spaces
- Pool
- Yes
Listing information last updated May 30, 2025.
Listed by All City Real Estate Ltd. Co
MLS# 5830256 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Highlights
Facts & Features
Interior
- Primary Bedroom on Main
- Gas Cooktop
- Double Oven
- Wine Cooler
- Carpet
- Wood
- Heating
- Central,Propane
- Cooling
- Central Air
- Fireplaces
- 3
Exterior & Lot
- Gutters Full
- Private Yard
- Masonry – All Sides
- Greenbelt
- Bluff
- Views
- Fenced
- Wrought Iron
- Slab
- Covered
- Enclosed
- Glass Enclosed
- Screened
- Roof
- Metal
- Lot Size
- 1.01 Acres
- Detached
- Garage
- Side By Side
- Garage Spaces
- 3
- Pool
- Yes
- Pond
Financial
- HOA Fee
- $1,600 / quarter
- Original List Price
- $2,550,000
- Price per Sq Ft
- $552
Utilities
- Propane
- Water Source
- MUD
- Sewer
- MUD
Transaction History
3 records on file
Every recorded listing, sale, and lease at 12129 Musket Rim ST, whoever represented it.
- SoldMay 29, 2025Listed at: $2,550,000MLS 5830256
- WithdrawnListed 2023Current price: $2,600,000Original list: $2,855,000MLS 6867999
- WithdrawnListed 2022Current price: $3,000,000Original list: $3,000,000MLS 3814990
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
Listing timeline with current price, original ask, and market time.
- Current list
- $2,490,000
- Original list
- $2,550,000
- Price movement
- $60K reduction
- Listed / DOM
- Mar 5, 2025
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $3,205,541
- Assessment Year
- 2025
- Year Built
- 2007
- Parcel ID
- 000000696877
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+30.8% | — | $3,205,541 | — | — |
2024+8.9% | — | $2,450,000 | $1,200,000 | $1,730,806 |
2023+39.3% | — | $2,250,000 | $1,200,000 | $1,250,000 |
2022+7.6% | — | $1,615,149 | $880,000 | $1,370,000 |
2021 | — | $1,501,271 | $600,000 | $1,015,149 |
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Zoned Schools & District Context
Lake Travis
Bee Cave Middle School
Lake Pointe
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 2026-06-05T09:30:05.662378+00:00; normalized from quarterly dues.
20% ($498K)
Adjustable assumption - not a lending recommendation.
$2,490,000
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Keenan Market Position
A sourced read on Spanish Oaks pricing, timing, and property scale. No automated valuation claim.
List price
$2,490,000
Price per sqft
$552/sqft
Vs. Neighborhood guide reference price
-31.8%
$3.7M · Spanish Oaks neighborhood guide · reference price
Days on market
Not available
Original to current
$60K reduction
$2.6M original
Active inventory context
9 listings
Price Position in Spanish Oaks
Listed 32% below the Spanish Oaks neighborhood guide reference price. Spanish Oaks neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 5, 2026.
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Spanish Oaks Neighborhood Guide
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78738 ZIP Guide
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