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Welcome to this beautifully remodeled 4-bedroom, 3.5-bath home, on 1.79 acres in the highly desirable, unrestricted Homestead community! With no HOA fees and a low tax rate, this property offers a rare combination of privacy, stunning views, and access to top-rated Lake Travis ISD schools. This spacious 3,250 sq ft home has been meticulously updated with a significant remodel of the kitchen and bathrooms, along with the addition of an expansive second-floor living area. A standout feature is the massive 565 sq ft screened-in porch with a shiplap ceiling and industrial-sized fans, perfect for enjoying Hill Country breezes and outdoor living. The backyard further enhances your entertaining options with a fire pit and porch area, surrounded by native, colorful landscaping.Inside, the open-concept kitchen shines with a center island, modern upper cabinets with backlighting, and stainless steel appliances! The primary suite is a luxurious retreat with a sitting area, tray ceilings, and an abundance of natural light, while the spa-like primary bathroom includes dual vanities, a sleek soaking tub, and captivating Hill Country views. Additional living spaces include an upstairs game room with sweeping views. Thoughtful details throughout the home—such as a wood-burning fireplace with a modern Tudor mantel, a vintage-style floral accent wall, sliding barn doors, and rustic touches in the bathrooms—add character and charm.The home combines style with functionality, offering a dedicated laundry room, ample storage, a wet bar with a wine fridge, and more. Situated 20 minutes from downtown Austin, 30 minutes from the airport, and 40 minutes from Pedernales State Park, this home is the perfect gateway to the Hill Country lifestyle. Whether you're seeking a serene retreat or proximity to the vibrant Hill Country Galleria and downtown Austin, this property offers the best of both worlds. Don’t miss the opportunity to make this home your own—schedule a showing today!
Property Type
Residential
Year Built
1997
Lot Size
1.79 acres
$/Sq Ft
$400
Garage
2 spaces
Listed by JBGoodwin REALTORS WL
Verified property facts
5111 Great Divide Dr is listed at $1,300,000 with 4 bedrooms, 3 full, 1 half bathrooms, 3,250 square feet, 1.79-acre lot. This places it above the ZIP 78738 single-family closed-sale median price of $850,000 (ZIP 78738 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 5, 2026).
5111 Great Divide Dr 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.
5111 Great Divide Dr is a Residential built in 1997 featuring 4 bedrooms, 3 full, 1 half bathrooms, 3,250 square feet, 1.79-acre lot.
5111 Great Divide Dr is listed by JBGoodwin REALTORS WL. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using public records data reviewed as of Apr 6, 2026.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
1 record on file
Every recorded listing, sale, and lease at 5111 Great Divide Dr, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Active Under Contract 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 |
|---|---|---|---|---|
2025-11.2% | — | $1,113,023 | — | — |
2024-1.1% | — | $1,253,128 | $447,500 | $590,625 |
2023+81.9% | — | $1,267,641 | $179,000 | $1,074,128 |
2022 | — | $696,854 | $179,000 | $1,088,641 |

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% ($260K)
Adjustable assumption - not a lending recommendation.
$1,300,000
Luxury property intelligence
A sourced read on Bee Cave pricing, timing, and property scale. No automated valuation claim.
List price
$1,300,000
Price per sqft
$400/sqft
Vs. Neighborhood guide reference price
+45.3%
$895K · Bee Cave neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$1.3M original
Active inventory context
20 listings
Price Position in Bee Cave
Listed 45% above the Bee Cave neighborhood guide reference price. Bee Cave neighborhood guide · reference price.
Source: Public records and Keenan Group review as of Apr 6, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Bee Cave
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#1 ABOR Team 2024 with $1B+ career sales volume
5111 Great Divide Dr is priced at $400 per square foot across 3,250 sqft. The Bee Cave neighborhood guide reference price is $895,000 (Bee Cave neighborhood guide · reference price).
The most recent annual property tax for 5111 Great Divide Dr is $17,583. 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.
This page does not assume a mortgage rate or publish a monthly payment for 5111 Great Divide Dr. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Apr 6, 2026, 5111 Great Divide Dr is offered at $1,300,000. The current MLS snapshot shows 203 active listings in 78738. Keenan Group has completed 19 verified transactions in 78738 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Bee Cave guide for current neighborhood analysis.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Bee Cave is one of Austin's established neighborhoods, zoned for Lake Travis ISD in the 78738 area. The Keenan Group has specialized in Bee Cave 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.
5 events on record
Current Price
$1,300,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-11.2% | — | $1,113,023 | — | — |
2024-1.1% | — | $1,253,128 | $447,500 | $590,625 |
2023+81.9% | — | $1,267,641 | $179,000 | $1,074,128 |
2022 | — | $696,854 | $179,000 | $1,088,641 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Neighborhood guide and local insights
Bee Cave was a one-stoplight town on Highway 71 as recently as 2005. Today it has its own city government, a regional shopping center, and some of the most expensive residential real estate west of downtown Austin. That speed of transformation makes it unusual even by Central Texas standards, and it explains why the community still has a slight identity split between its rural Hill Country roots and its newer suburban polish. Bee Cave sits about 15 miles west of downtown along Highway 71, with Ranch Road 620 forming its eastern boundary and the Hill Country stretching west toward Dripping Springs. The commute downtown takes 20 to 30 minutes depending on traffic at the 71/MoPac merge. Heading north on 620 reaches Lakeway and the Lake Travis marinas. Heading south puts you on Hamilton Pool Road and some of the best swimming holes in the region. Hill Country Galleria provides most of what residents need day to day without driving into Austin proper. Residential architecture reflects the Hill Country Contemporary style that dominates western Travis County - roughly 35% of homes feature native limestone, standing seam metal roofs, and walls of glass oriented toward canyon views. Another 25% lean Mediterranean with stucco, clay tile roofs, and courtyard entries. The remaining inventory splits between Modern Farmhouse builds and traditional ranch-style homes. Lot sizes range from quarter-acre in Falconhead to five-acre spreads in unincorporated pockets. Townhomes start in the mid-$500s, while custom builds in Spanish Oaks or Mirador regularly exceed $2 million. The median sale price has hovered near $900,000. Lake Travis ISD serves Bee Cave, and it is one of the strongest draws for families relocating from central Austin. Bee Cave Elementary and Lake Travis Elementary feed into Lake Travis Middle School and Lake Travis High School, which competes at the 6A level in athletics and has strong fine arts programs. The district's tax rate is competitive with Eanes ISD, and elementary test scores consistently place in the top quartile statewide. Parents moving from Austin ISD often cite smaller class sizes and newer facilities as deciding factors. Daily life anchors around Hill Country Galleria for shopping, but the real draw is what surrounds the town. Milton Reimers Ranch Park offers over 2,600 acres of mountain biking, rock climbing, and river access. Hamilton Pool Preserve is a 20-minute drive. Bee Cave Central Park has a splash pad for younger kids, and Falconhead Golf Club gives golfers a Hill Country layout without a full country club membership. For food, Cafe Blue does sophisticated seafood, Baguette et Chocolat handles French pastries, and Buenos Aires Cafe serves Argentine empanadas with a following across Austin. Chisos Grill covers Texas comfort food, Jack Allen's Kitchen anchors the farm-to-table crowd, and Via 313 handles pizza nights. Bee Cave sits between Lakeway and Dripping Springs in both geography and price. It is less expensive than lakefront Lakeway but pricier than Dripping Springs, which trades proximity for larger lots. Compared to Westlake Hills, Bee Cave offers newer construction and larger lots at lower per-square-foot prices, though you lose Eanes ISD. The 71 corridor continues to develop, which supports property values but means the area feels less quiet than five years ago. Bee Cave works for families who want Lake Travis ISD and Hill Country living without fully committing to a lakefront lifestyle. It fits people who work from home or have flexible schedules, since the Highway 71 commute can test patience during peak hours. And it suits buyers who want newer construction with fewer maintenance surprises. If you need to be downtown every day by 8 AM, look closer in. But if your priorities are space, schools, and outdoor recreation access, Bee Cave has a strong case.
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