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5200 Palermo DR
Austin, TX, 78738
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$725,000
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Situated on a desirable east/north-east facing corner lot in the sought-after Terra Colinas community, this beautiful single-story home offers style, function, and an exceptional location near the neighborhood amenity center and popular Summer Moon Coffee. Built with timeless stone and brick masonry and framed by manicured landscaping, the home features a spacious three-car garage. Inside, the bright and inviting floor plan showcases tile flooring, crown molding, and abundant natural light. A private home office with French doors sits off the foyer, while the spacious formal dining room features a chandelier and sophisticated coffered ceiling - ideal for entertaining. The expansive living room with gas log fireplace flows into the chef-inspired kitchen, complete with a large island, granite countertops, generous cabinetry, and stainless-steel appliances with gas cooktop. The owner’s suite offers a relaxing retreat with tray ceiling, oversized walk-in closet, and spa-like bath featuring dual vanities, soaking tub, and walk-in shower. A private guest suite and two additional bedrooms connected by a Jack-and-Jill bath provide comfortable accommodations. Enjoy outdoor living on the covered patio overlooking the fenced backyard. Conveniently located minutes from Hill Country Galleria, Lake Travis, golf, and Hwy 71, and zoned to highly rated Lake Travis ISD schools, including Bee Cave Elementary, Bee Cave Middle, and Lake Travis High. Approximately 20 miles to Downtown Austin and 24 miles to the airport. Buyer to independently verify all info including but not limited to square footage, restrictions, taxes, schools, HOA dues, year built, etc.
Property Type
Residential
Year Built
2018
Lot Size
0.22 acres
$/Sq Ft
$248
HOA
$192/mo
Garage
5 spaces
Listed by Compass RE Texas, LLC
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
5200 Palermo DR is listed at $725,000 with 4 bedrooms, 3 full, 1 half bathrooms, 2,926 square feet, 0.22-acre lot.
5200 Palermo DR is zoned for Lake Travis ISD with assigned schools: Bee Cave (8/10) (elementary), Lake Travis (8/10) (middle), Lake Travis (8/10) (high). School assignments should be verified directly with the district.
5200 Palermo DR is a Residential built in 2018 featuring 4 bedrooms, 3 full, 1 half bathrooms, 2,926 square feet, 0.22-acre lot.
5200 Palermo DR 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.
The most recent annual property tax for 5200 Palermo DR is $13,986. 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
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 |
|---|---|---|---|---|
2025-11.9% | — | $746,937 | — | — |
2024-2.4% | — | $848,137 | $175,000 | $631,330 |
2023+56.2% | — | $868,706 | $72,500 | $775,637 |
2022 | — | $556,307 | $72,500 | $796,206 |
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% ($145K)
$725,000
Luxury property intelligence
A sourced read on Terra Colinas Ph 1 pricing, timing, and property scale. No automated valuation claim.
List price
$725,000
Price per sqft
$248/sqft
Vs. Terra Colinas Ph 1 median
Not available
Days on market
128 days
Original to current
No verified reduction
$725K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 5, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($145,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 5200 Palermo DR is around $4,927 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $725,000, 5200 Palermo DR is in the Terra Colinas Ph 1 market where there are currently 235 active listings in 78738. The Keenan Group has completed 19 transactions in 78738 as part of 1,000+ career sales totaling $1B+ across Austin.
5200 Palermo DR was built in 2018, making it 8 years old with relatively recent construction.
5200 Palermo DR includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
5200 Palermo DR is part of a managed community with HOA dues of $192 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.
7 events on record
Current Price
$725,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-11.9% | — | $746,937 | — | — |
2024-2.4% | — | $848,137 | $175,000 | $631,330 |
2023+56.2% | — | $868,706 | $72,500 | $775,637 |
2022 | — | $556,307 | $72,500 | $796,206 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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