5 bed, 6 bath, 4,996 sqft on 2.60 acres in Spicewood. Spicewood, TX 78669. $1,825,000. Marble Falls ISD.
About This Home
Welcome to Red Bluff Estates, 128 Carol cove is a waterfront compound with private dock, with direct lake access with stunning views! This home is perched directly above the lake with a massive extended patio and deck to enjoy the views. Stunning finish out from floor to ceiling, open floor plan for entertaining, designed to live and enjoy entertaining even the biggest groups. Detached massive garage with air conditioned work shop below a 2 bedroom/2bath apartment with full kitchen. The garage was designed to bring all the toys to the lake with oversized doors and deep for trailers. Home features a 13.5KW Solar Generation system, Chemical Free rainwater collection system sanitized by UV light before entering the home. Water is amazing! Water system can hold up to 24,000 gallons of fresh rainwater. Outlets in garage ready for any EV vehicle you need to charge. High efficiency foam insulation on all exterior walls including garages. Home has high efficiency tankless hot water system so never run out of hot water. Large dock with swing that holds up to 4 jet skis and a boat slip with a 6,000lb hydro hoist. This home is ready to go! Minutes to 3 award winning private golf courses, shopping in the Hill Country Galleria and plenty of wineries near by to enjoy!
Lake access from your back patio, a private boat dock with a 6,000-pound hydro hoist, and slip space for up to four jet skis - 128 Carol Cove in Spicewood delivers the basecamp you need for serious water sports. This 5-bedroom, 6-bath waterfront home sits on 2.6 acres of heavily treed bluff overlooking the lake, with 4,996 square feet built in 2014 and priced at $1.98M ($395 per square foot).
The property's design centers on launch capability. The detached workshop garage features oversized doors and deep bays purpose-built for trailers, jet skis, wakeboard boats, and tow vehicles. An EV charging outlet is already wired in the garage. Below the garage sits a fully equipped 2-bed, 2-bath apartment with its own kitchen - perfect for visiting crew or turning into a rental income stream. Six-car covered parking handles the daily rotation.
Gear storage is engineered throughout. The 13.5-kilowatt solar generation system keeps the power flowing for extended trips out on the water. The rainwater collection system holds up to 24,000 gallons sanitized through UV light treatment, feeding into a tankless water heater that never runs dry. Internal storage is layered across walk-in closets, built-in shelving, and a full pantry built for provisioning.
The rush begins the moment you step outside. The extended patio and multiple decks wrap the main level, positioned directly above the lake with unobstructed water views. The open floor plan keeps sightlines clear from the kitchen to the deck - watch the conditions change in real time while you prep. A private boat dock with a swing accommodates four jet skis. The dock's hydro hoist lifts boats in seconds, keeping them ready for immediate launch.
Spicewood sits 40 minutes from downtown Austin, placing you deep in Hill Country while still connected. Marble Falls ISD serves the area. Nearby golf courses, shopping at Hill Country Galleria, and multiple wineries round out the non-water lifestyle. The home's spray foam insulation on all exterior walls and energy-efficient systems handle the climate year-round.
The lake access is the primary feature here - not an amenity, but the foundation of daily life at 128 Carol Cove.
The numbers behind this insight
- Offered at
- $1,825,000
- Listed
- May 7, 2026
- Price changes
- 4, down 7.6% from $1,975,000
- Asking price per sq ft
- $365
- Property Type
- Residential
- Year Built
- 2014
- Lot Size
- 2.60 acres
- Price / Sq Ft
- $365
- HOA
- $1,200/year
- Garage
- 6 spaces
Listing information last updated October 9, 2026.
Listed by Austin Lakeside Properties
MLS# 3111583 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Bar
- Bookcases
- Built-in Features
- Granite Counters
- Eat-in Kitchen
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Recessed Lighting
- Sound System
- Storage
- Two Primary Closets
- Walk-In Closet(s)
- Wired for Sound
- Built-In Electric Oven
- Built-In Gas Oven
- Built-In Oven(s)
- Dishwasher
- Disposal
- ENERGY STAR Qualified Water Heater
- Exhaust Fan
- Gas Cooktop
- Ice Maker
- RNGHD
- Refrigerator
- Vented Exhaust Fan
- Washer
- Dryer
- Tankless Water Heater
- Water Purifier Owned
- Wine Cooler
- Wine Refrigerator
- Carpet
- Concrete
- Stone
- Terrazzo
- Heating
- See Remarks,Active Solar,ENERGY STAR Qualified Equipment,Fireplace(s),Floor Furnace,Passive Solar,Propane
- Cooling
- Ceiling Fan(s),Central Air,Multi Units
- Fireplaces
- 1
Exterior & Lot
- Barbecue
- Boat Dock - Private
- Boat Lift
- Boat Slip
- Electric Car Plug-in
- Gas Grill
- Gutters Full
- Private Entrance
- Private Yard
- Concrete
- Glass
- Attic
- Crawl Hatchway(s) Insulated
- Spray Foam Insulation
- Masonry – All Sides
- Stone
- Stucco
- Bluff
- Landscaped
- Level
- Native Plants
- Near Golf Course
- Trees-Heavy
- Many Trees
- Views
- Xeriscape
- Slab
- Awning(s)
- Covered
- Deck
- Front Porch
- Rear Porch
- Terrace
- Roof
- Metal
- Lot Size
- 2.60 Acres
- Additional Parking
- Asphalt
- Carport
- Circular Driveway
- Driveway
- Garage
- Golf Cart Garage
- Guest
- Oversized
- Parking Pad
- Paved
- Private
- Garage Spaces
- 6
- Lake Front
- Lake Privileges
- River Front
- Waterfront
Financial
- HOA Fee
- $1,200 / year
- Original List Price
- $1,975,000
- Price per Sq Ft
- $365
Utilities
- Cable Connected
- Electricity Connected
- High Speed Internet
- Natural Gas Connected
- Phone Available
- Propane
- Sewer Connected
- Underground Utilities
- Water Source
- See Remarks,Private
- Sewer
- Aerobic Septic
Transaction History
1 record on file
Every recorded listing, sale, and lease at 128 Carol CV, whoever represented it.
- ActiveListed 2026Current price: $1,825,000Original list: $1,975,000MLS 3111583
- Listed · May 7, 2026$1,975,000
- Price changed · June 30, 2026$1,925,000
- Price changed · July 16, 2026$1,899,990
- Price changed · July 17, 2026$1,899,000
- Price changed · October 8, 2026$1,825,000
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
Price Change with current price, original ask, and market time.
- Current list
- $1,825,000
- Original list
- $1,975,000
- Price movement
- $150K reduction
- Listed / DOM
- May 7, 2026 · 173 days
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Zoned Schools & District Context
Marble Falls
Bee Cave Middle School
Lake Pointe Elementary
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 2026-10-15T21:07:23.703+00:00; normalized from annual dues.
Illustrative down payment
20% ($365K)
Adjustable assumption - not a lending recommendation.
Home price
$1,825,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Spicewood pricing, timing, and property scale. No automated valuation claim.
List price
$1,825,000
Price per sqft
$365/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
173 days
Original to current
$150K reduction
$2M 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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