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4 bed, 3 bath, 3,375 sqft on 0.50 acres in Spanish Oaks. Austin, TX 78738. Last listed at $1,995,000, sold August 25, 2021. Lake Travis ISD.
About This Home
Spectacular Spanish Hacienda nestled into a half acre lot, surrounded by mature trees on a private cul-de-sac in the highly desired neighborhood of Spanish Oaks. The inviting courtyard entry welcomes guests and features a fireplace and private guest entrance. Exceptional design and attention to detail throughout this home include hardwood floors, oversized windows, high ceilings with exposed beams and the formal dining features a groin vaulted ceiling and access to the courtyard through sliding glass doors. The main level offers an open-concept living/kitchen/dining area with balcony access for outdoor dining and cooking, the Owners’ retreat, a guest suite and an office. Downstairs leads to two secondary bedrooms, a double vanity bathroom and a game room/flex space with a mini fridge/wet bar station and walks out to the covered patio, pool and spa. The Spanish Oaks neighborhood offers 24/7 manned gate Security, Private Spanish Oaks Golf Club/Course, Miles of Hike and Bike Trails, a fully stocked Fish Camp and Pool Pavilion. Austin Tennis Academy is also located just outside the community gates and although it's not included as a direct amenity, membership is available. In addition to community amenities Spanish Oaks also offers Lake Travis ISD as well as several private school options within 10 miles of the community gates.
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
- 2014
- Lot Size
- 0.50 acres
- Price / Sq Ft
- $591
- HOA
- $1,100/quarter
- Garage
- 3 spaces
- Pool
- Yes
Listing information last updated August 25, 2021.
Listed by Compass RE Texas, LLC
MLS# 4600458 • 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
- Built-in Features
- Beamed Ceilings
- Granite Counters
- Double Vanity
- Eat-in Kitchen
- Kitchen Island
- Open Floorplan
- Primary Bedroom on Main
- Recessed Lighting
- Soaking Tub
- Walk-In Closet(s)
- Built-In Oven(s)
- Dishwasher
- Disposal
- Down Draft
- Microwave
- Double Oven
- Propane Cooktop
- Water Softener
- Carpet
- Wood
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 2
Exterior & Lot
- Balcony
- Uncovered Courtyard
- Gas Grill
- Gutters Full
- Outdoor Grill
- Private Yard
- Stucco
- Cul-De-Sac
- Private Maintained Road
- Trees-Medium (20 Ft - 40 Ft)
- Wrought Iron
- Slab
- Covered
- Patio
- Roof
- Tile
- Lot Size
- 0.50 Acres
- Attached
- Garage
- Garage Faces Front
- Garage Faces Side
- Garage Spaces
- 3
- Pool
- Yes
Financial
- HOA Fee
- $1,100 / quarter
- Original List Price
- $2,495,000
- Price per Sq Ft
- $591
Utilities
- Propane
- Sewer Connected
- Underground Utilities
- Water Connected
- Water Source
- MUD
- Sewer
- MUD
Transaction History
5 records on file
Every recorded listing, sale, and lease at 4708 Monte Carmelo PL, whoever represented it.
- SoldAugust 25, 2021Listed at: $2,495,000MLS 4600458
- SoldDecember 21, 2007Listed at: $199,900MLS 9401356
- SoldDecember 12, 2005Listed at: $230,000MLS 1877914
- ExpiredListed 2005Current price: $299,500Original list: $250,000MLS 3111495
- WithdrawnListed date not recordedCurrent price: $155,000Original list: $155,000MLS 2923671
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
- $1,995,000
- Original list
- $2,495,000
- Price movement
- $500K reduction
- Listed / DOM
- Jun 3, 2021
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $2,219,745
- Assessment Year
- 2025
- Year Built
- 2014
- Parcel ID
- 000000521365
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-6.6% | — | $2,219,745 | — | — |
2024+18.8% | — | $2,376,611 | $800,000 | $1,210,089 |
2023+36.1% | — | $2,000,000 | $800,000 | $1,576,611 |
2022 | — | $1,469,915 | $800,000 | $1,200,000 |
Virtual Tour

Zoned Schools
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 2026-06-03T05:30:05.40934+00:00; normalized from quarterly dues.
20% ($399K)
Adjustable assumption - not a lending recommendation.
$1,995,000
Luxury property intelligence
Keenan Market Position
A sourced read on Spanish Oaks pricing, timing, and property scale. No automated valuation claim.
List price
$1,995,000
Price per sqft
$591/sqft
Vs. Neighborhood guide reference price
-44.6%
$3.6M · Spanish Oaks neighborhood guide · reference price
Days on market
Not available
Original to current
$500K reduction
$2.5M original
Active inventory context
8 listings
Price Position in Spanish Oaks
Listed 45% 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 3, 2026.
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Spanish Oaks Neighborhood Guide
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Spanish Oaks Homes for Sale
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78738 ZIP Guide
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Lake Travis ISD Schools
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