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We are thrilled to present an incredible opportunity to own a remarkable estate at 4916 Paraiso Parkway in the prestigious Spanish Oaks community of Austin, TX. The seller is offering a credit toward a golf membership at the Spanish Oaks Golf Club!
This exceptional 1.17-acre corner property features a spacious 5400 sq ft main house and a charming 942 sq ft guest house. The main residence includes 4 bedrooms, 4 full baths, 2 half baths, a game room, a separate study, and a media room. The open-concept design highlights soaring ceilings, abundant natural light, and a gourmet kitchen with high-end appliances, custom cabinetry, and a large island, perfect for entertaining.
The elegant living area flows into a private outdoor retreat with lush landscaping, a resort-style pool, and expansive patio space ideal for alfresco dining or relaxation. The private owner’s wing offers a luxurious master suite with a spa-like ensuite, two walk-in closets, a workout room, and access to the backyard. A separate wing includes a large laundry/craft room and a guest room with an ensuite bathroom and backyard access.
Upstairs, you'll find a game room, media room, and two additional bedrooms, each with walk-in closets and en-suite baths, ensuring privacy and comfort for family or guests.
The guest house provides 942 sq ft of versatile space, perfect for visitors, an office, or a workout area.
Located in the sought-after Spanish Oaks community, this home offers access to exceptional amenities, including a golf course, pool, and scenic trails, all while being just minutes from Austin’s culture and dining. Known for its exclusivity and safety, Spanish Oaks provides an unparalleled quality of life.
Don’t miss this opportunity to own a piece of luxury in Spanish Oaks. Contact us for more information or to schedule a tour today!
Property Type
Residential
Year Built
2006
Lot Size
1.17 acres
$/Sq Ft
$455
HOA
$1320/mo
Garage
4 spaces
Pool
Yes
Listed by Compass RE Texas, LLC
Verified property facts
4916 Paraiso PKWY is listed at $2,895,000 with 6 bedrooms, 5 full, 2 half bathrooms, 6,362 square feet, 1.17-acre lot. This places it above the 78738 median of $853,600.
4916 Paraiso PKWY is zoned for Lake Travis ISD with assigned schools: Lake Pointe (9/10) (elementary), Bee Cave Middle School (8/10) (middle), Lake Travis (8/10) (high). School assignments should be verified directly with the district.
4916 Paraiso PKWY is in Spanish Oaks, Austin, Texas. See the full [Spanish Oaks neighborhood guide](/neighborhoods/spanish-oaks-austin) for market data, schools, and lifestyle details.
4916 Paraiso PKWY is a Residential built in 2006 featuring 6 bedrooms, 5 full, 2 half bathrooms, 6,362 square feet, 1.17-acre lot.
4916 Paraiso PKWY 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Spanish Oaks
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+24.2% | — | $3,727,387 | — | — |
2024+23.7% | — | $3,000,000 | $1,200,000 | $1,676,433 |
2023+24.5% | — | $2,424,500 | $1,200,000 | $1,800,000 |
2022+13.7% | — | $1,947,614 | $880,000 | $1,544,500 |
2021 | — | $1,713,400 | $600,000 | $1,347,614 |
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% ($579K)
$2,895,000
Luxury property intelligence
A sourced read on Spanish Oaks pricing, timing, and property scale. No automated valuation claim.
List price
$2,895,000
Price per sqft
$455/sqft
Vs. Spanish Oaks median
-19.6%
$3.6M median
Days on market
623 days
Original to current
$100K reduction
$3M original
Active inventory context
5 listings
Price Position in Spanish Oaks
Listed 20% below the Spanish Oaks median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 5, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Spanish Oaks
Active listings and buyer search context in Spanish Oaks
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
4916 Paraiso PKWY is priced at $455 per square foot across 6,362 sqft. The Spanish Oaks median list price is $3,600,000.
The most recent annual property tax for 4916 Paraiso PKWY is $44,766. 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.
With 20% down ($579,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 4916 Paraiso PKWY is around $18,752 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $2,895,000, 4916 Paraiso PKWY is in the Spanish Oaks market where there are currently 233 active listings in 78738. The Keenan Group has completed 19 transactions in 78738 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Spanish Oaks guide](/neighborhoods/spanish-oaks-austin).
4916 Paraiso PKWY includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
4916 Paraiso PKWY sits on a 1.17-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
4916 Paraiso PKWY is part of a managed community with HOA dues of $1,320 quarterly. 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.
Spanish Oaks is one of Austin's established neighborhoods, zoned for Lake Travis ISD in the 78738 area. The Keenan Group has specialized in Spanish Oaks real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
9 events on record
Current Price
$2,995,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+24.2% | — | $3,727,387 | — | — |
2024+23.7% | — | $3,000,000 | $1,200,000 | $1,676,433 |
2023+24.5% | — | $2,424,500 | $1,200,000 | $1,800,000 |
2022+13.7% | — | $1,947,614 | $880,000 | $1,544,500 |
2021 | — | $1,713,400 | $600,000 | $1,347,614 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Neighborhood guide and local insights
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.
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