— bed, — bath on 0.89 acres in Spanish Oaks. Austin, TX 78738. $1,250,000. Lake Travis ISD.
About This Home
So many possibilities here. This lot is amazing! Austin skyline for views. Close to acre..private on culdesac.
5101 Honey Daisy Way Way is a 0.886 acre unimproved land offering in Spanish Oaks, and the key advantage is simple: size, privacy, and Austin skyline views on a cul-de-sac in one of West Austin's established luxury communities. In this segment of the market, buyers pay close attention to what cannot be added later, and this parcel starts with the fundamentals that matter most before a single plan is drawn.
At $1.50M, the value here is in the site itself and in the range of building decisions that a lot of this scale allows. At nearly an acre, the footprint gives a future owner more flexibility around placement, separation, outdoor space, and how the home is oriented on the land. The private cul-de-sac setting adds another layer of control over how the property lives once improved. Skyline views matter for the same reason. They are part of the land, not a finish package, and they tend to hold their relevance because they shape how a property is experienced every day and how it is judged over time.
The school path strengthens the profile. This property is in Lake Travis ISD, with Lake Pointe, Bee Cave Middle School, and Lake Travis High School in the assigned track. For buyers evaluating land rather than a finished residence, that continuity matters because the decision is not only about the house that could be built, but about the long-term position of the address once that house exists. In the luxury market, district alignment is part of the value equation from the beginning, not a secondary detail.
The 49 days on market provide useful context. This is not a parcel that needs exaggerated language to justify its appeal. It can be assessed on direct terms: 0.886 acres, Spanish Oaks, Austin skyline views, cul-de-sac privacy, and a Lake Travis ISD path. Those are concrete drivers of demand, and they give serious buyers a clearer framework for underwriting both present land value and future resale logic.
For a buyer who understands that premium real estate value often begins with the quality of the dirt and the position of the homesite, 5101 Honey Daisy Way Way offers a strong base for a custom build with lasting relevance in the Austin luxury market.
The numbers behind this insight
- Offered at
- $1,250,000
- Listed
- January 26, 2026
- Price changes
- Reduced, down 16.4% from $1,495,000
Spanish Oaks market
- Homes sold
- 13
- Median sale price
- $3,650,000
- Median price per sq ft
- $701
- Median days on market
- 49
- Homes for sale now
- 9
- Months of supply
- 8.3
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
- Land
- Lot Size
- 0.89 acres
- HOA
- $1,200/quarter
Listing information last updated September 29, 2026.
Listed by Compass RE Texas, LLC
MLS# 4744713 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Cul-De-Sac
- Lot Size
- 0.89 Acres
Financial
- HOA Fee
- $1,200 / quarter
- Original List Price
- $1,495,000
Utilities
- Cable Available
- Electricity Available
- High Speed Internet
- Propane
- Water Source
- MUD,Private
- Sewer
- Private Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 5101 Honey Daisy Way, whoever represented it.
- ActiveListed 2026Current price: $1,250,000Original list: $1,495,000MLS 4744713
- Price changed · September 29, 2026$1,250,000
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.
- Current list
- $1,250,000
- Original list
- $1,495,000
- Price movement
- $245K reduction
- Listed / DOM
- Jan 26, 2026 · 262 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $700,000
- Assessment Year
- 2025
- Parcel ID
- 000000915871
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+281.9% | — | $700,000 | $700,000 | — |
2021 | — | $183,300 | $500,000 | — |
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 2026-10-15T23:07:26.683+00:00; normalized from quarterly dues.
20% ($250K)
Adjustable assumption - not a lending recommendation.
$1,250,000
Luxury property intelligence
Keenan Market Position
A sourced read on Spanish Oaks pricing, timing, and property scale. No automated valuation claim.
List price
$1,250,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
-65.8%
$3.7M · Spanish Oaks neighborhood guide · reference price
Days on market
262 days
Original to current
$245K reduction
$1.5M original
Active inventory context
9 listings
Price Position in Spanish Oaks
Listed 66% 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 Oct 15, 2026.
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Spanish Oaks Neighborhood Guide
Lifestyle, schools, market context, and homes in Spanish Oaks
Spanish Oaks Homes for Sale
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78738 ZIP Guide
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
Lake Travis ISD Schools
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Austin Home Valuation
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