
Tucked along the breathtaking Narrows of Lake Travis in the beloved Spicewood Beach community, this 2-bedroom, 2-bath retreat is your affordable entry point into one of Central Texas's most coveted waterfront neighborhoods. With panoramic views of both Lake Travis and the 9-hole golf course, this property delivers scenery that luxury homes charge triple for. The floor plan features two distinct living areas including a sunroom that frames the lake and golf course. A peninsula divides the dining and sunroom areas, creating a natural gathering space complete with bar seating for four. The kitchen features its own eat-in bar. The laundry room offers additional storage and has a stackable washer and dryer, keeping everything functional and tucked away neatly. Built on a pier foundation, the home sits elevated in all the right ways, maximizing those breathtaking views while allowing for excellent airflow throughout. Step outside into a resort-style community featuring a waterfront fishing dock, boat launch, and covered picnic tables— everything you need to fully embrace the Lake Travis lifestyle without the lakefront price tag. The location is perfect, the views are spectacular, and the lifestyle is waiting. Properties with this combination of views, water access, and community amenities at this price point on Lake Travis simply do not last. Whether you're an investor looking for incredible upside potential in one of Texas's hottest lake markets, a weekend escape seeker ready for affordable Lake Travis access, someone craving single-level living surrounded by natural beauty, or a rental visionary ready to capitalize on one of the most in-demand destinations in Texas — this property checks every box. Come for the views. Stay for the lifestyle.
Property Type
Residential
Year Built
1988
Lot Size
0.39 acres
$/Sq Ft
$209
HOA
$125/mo
Garage
2 spaces
Listed by Compass RE Texas, LLC
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
234 Terrace DR is listed at $325,000 with 2 bedrooms, 2 full bathrooms, 1,552 square feet, 0.39-acre lot.
234 Terrace DR is zoned for Marble Falls ISD with assigned schools: Spicewood (Marble Falls ISD) (elementary), Marble Falls (middle), Marble Falls (high). School assignments should be verified directly with the district.
234 Terrace DR is a Residential built in 1988 featuring 2 bedrooms, 2 full bathrooms, 1,552 square feet, 0.39-acre lot.
234 Terrace DR is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 234 Terrace DR is $1,674. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listing timeline with current price, original ask, and market time.
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. Ratings from GreatSchools.org.
20% ($65K)
$325,000
Luxury property intelligence
A sourced read on Spicewood Beach pricing, timing, and property scale. No automated valuation claim.
List price
$325,000
Price per sqft
$209/sqft
Vs. Spicewood Beach median
Not available
Days on market
1 day
Original to current
No verified reduction
$325K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 21, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($65,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 234 Terrace DR is around $1,826 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $325,000, 234 Terrace DR is in the Spicewood Beach market where there are currently 255 active listings in 78669. The Keenan Group has completed 9 transactions in 78669 as part of 1,000+ career sales totaling $1B+ across Austin.
234 Terrace DR was built in 1988 (38 years ago). Buyers should budget for potential updates to major systems.
234 Terrace DR includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
234 Terrace DR is part of a managed community with HOA dues of $125 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
1 event on record
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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