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Keenan Group#1 Austin Board of Realtors Team 2024
234 Terrace DR, photo 1 of 40, Spicewood, Spicewood, TX
Active

$295,500

2Beds
2Baths
1,552Sq Ft
0.39 acresLot

234 Terrace Dr, Spicewood, TX 78669

Reduced 9%$325,000
Spicewood·MLS# 1851023·Built 1988·117 days on market

2 bed, 2 bath, 1,552 sqft on 0.39 acres in Spicewood. Spicewood, TX 78669. $295,500. Marble Falls ISD.

About This Home

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
Price / Sq Ft
$190
HOA
$125/year

Listing information last updated September 7, 2026.

Listed by Compass RE Texas, LLC

MLS# 1851023 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

Generous 0.39-acre lot
Bookcases
Breakfast Bar
Ceiling Fan(s)
No Interior Steps
Open Floorplan

Facts & Features

Interior

Features

  • Bookcases
  • Breakfast Bar
  • Ceiling Fan(s)
  • No Interior Steps
  • Open Floorplan
  • Primary Bedroom on Main
  • Stackable W
  • D Connections
  • Walk-In Closet(s)

Appliances

  • Electric Oven
  • Propane Cooktop
  • Refrigerator
  • Washer
  • Dryer Stacked

Flooring

  • Carpet
  • Laminate
  • Vinyl
Heating
Propane
Cooling
Electric
Exterior & Lot

Features

  • Balcony
  • Exterior Steps

Construction

  • Vertical Siding

Lot Features

  • Front Yard
  • Interior Lot
  • Steep Slope
  • Trees-Heavy
  • Views

Foundation

  • Pillar
  • Post
  • Pier

Patio / Porch

  • Wrap Around
Roof
Shingle
Lot Size
0.39 Acres

Parking

  • Golf Cart Garage
Financial
HOA Fee
$125 / year
Original List Price
$325,000
Price per Sq Ft
$190
Utilities
  • Electricity Connected
  • Propane
Water Source
MUD
Sewer
Septic Tank

Transaction History

1 record on file

Every recorded listing, sale, and lease at 234 Terrace DR, whoever represented it.

  1. ActiveListed 2026
    Current price: $295,500Original list: $325,000MLS 1851023
    1. Listed · June 20, 2026$325,000
    2. Price changed · August 18, 2026$295,500
    3. Price changed · August 18, 2026$300,000

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

Listing timeline with current price, original ask, and market time.

View Timeline
Current list
$295,500
Original list
$325,000
Price movement
$29.5K reduction
Listed / DOM
Jun 20, 2026 · 117 days
Map showing 234 Terrace DR
234 Terrace DR
Directions

Zoned Schools & District Context

Marble Falls ISD →

1 High School1 Middle School1 Elementary School

Marble Falls

High SchoolGrades 9-12Zoned assignment

Bee Cave Middle School

Middle SchoolGrades 6-8District context
1.5 mi away

Spicewood

ElementaryGrades K-5Zoned assignment

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.

Principal & interest
$1,637
HOA dues
$10

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 2026-10-15T13:12:01.886+00:00; normalized from annual dues.

20% ($59K)

Adjustable assumption - not a lending recommendation.

$295,500

Loan: $236K
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-08
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Luxury property intelligence

Keenan Market Position

A sourced read on Spicewood pricing, timing, and property scale. No automated valuation claim.

List price

$295,500

Price per sqft

$190/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

117 days

Original to current

$29.5K reduction

$325K 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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Frequently Asked Questions

How much is 234 Terrace Dr?

234 Terrace Dr is listed at $295,500 with 2 bedrooms, 2 full bathrooms, 1,552 square feet, 0.39-acre lot.

What school district is 234 Terrace Dr in?

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.

What are the property details for 234 Terrace Dr?

234 Terrace Dr is a Residential built in 1988 featuring 2 bedrooms, 2 full bathrooms, 1,552 square feet, 0.39-acre lot.

What are the property taxes for 234 Terrace Dr?

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.

How should a buyer estimate the monthly payment for 234 Terrace Dr?

This page does not assume a mortgage rate or publish a monthly payment for 234 Terrace Dr. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 234 Terrace Dr compare with other homes in Spicewood?

As of Oct 15, 2026, 234 Terrace Dr is offered at $295,500. The current MLS snapshot shows 202 active listings in 78669. Keenan Group has completed 10 verified transactions in 78669 within its 1,000+ completed transactions and $1B+ career volume across Austin.

When was 234 Terrace Dr built?

234 Terrace Dr was built in 1988 (38 years ago). Buyers should budget for potential updates to major systems.

What is the community structure at 234 Terrace Dr?

The MLS listing reports HOA or association dues of $125 annual for 234 Terrace Dr. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Spicewood

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

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Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 10/15/2026, 8:12:01 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated: 10/15/2026, 8:12:01 AM

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