ActiveResidential · sale

102 Center Cove I

Spicewood, TX 78669

$995,500

  • 3 beds
  • 3 baths
  • 2,000 sq ft
  • 0.06 acres
  • Built 1999

Listed by Keller Williams Realty · MLS #ACT5469323

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Dine at the kitchen bar or a dedicated dining area, then spill out onto expansive decks that practically float above the water for outdoor living and al fresco dining.The upper-level primary suite is a private retreat with a small balcony overlooking the lake.

Year built

Built in 1999.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Captivating Panoramic Lake Travis & Texas Hill Country views greet you!! Direct access to the water is easily achievable via stairs leading straight to the shoreline for kayaking, fishing, or soaking in the sun. Additionally, an adjacent lot is available to purchase providing added value, privacy, expansion, or for your specific outdoor vision. Step outside to multiple decks—including lower-level bench seating ... descend stairs straight to the water's edge. *Short Term Rentals ARE allowed for the opportunity to make this an Income Producing Property* Soaring ceilings, a uniquely designed beamed great room ceiling, and propane fireplace set the stage for effortless entertaining, while walls of windows bring panoramic lake views ‘inside’. The chef’s kitchen is nothing short of spectacular: Viking propane cooktop, double ovens, Sub-Zero refrigerator, beverage fridge, ice machine, trash compactor, and a pantry with coffee bar. Dine at the kitchen bar or a dedicated dining area, then spill out onto expansive decks that practically float above the water for outdoor living and al fresco dining.The upper-level primary suite is a private retreat with a small balcony overlooking the lake. A soaking tub, walk-in shower, & massive walk-in closet with built-ins are highlights of the luxurious primary bath. The second level guest bedroom has an en-suite bath plus there is a main level bedroom for guests - or those not preferring stairs - with an adjacent full bath. A second level study/office with built in desks and shelving overlooks the living area below. Set on calm, pristine waters perfect for skiing, boating, and world-class fishing, the home is within the gated Windermere Oaks community featuring three pools, tennis courts, a marina where boat slips are frequently available to purchase or lease, and a private boat launch for Windermere property owners. You will also be close to Spicewood’s 88R Airstrip for private fly-in access. Welcome to your new Lake Travis Retreat!

THE NEIGHBORHOOD

Explore the location.

102 Center Cove I, Spicewood, TX 78669

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1999
Full baths
3
Half baths
0
Garage spaces
2
Cooling
Ceiling Fan(s), Central Air, Multi Units, Zoned
Heating
Electric, Fireplace(s), Zoned
Appliances
See Remarks, Bar Fridge, Built-In Oven(s), Built-In Refrigerator, Cooktop, Dishwasher, Disposal, Ice Maker, Microwave, Propane Cooktop, RNGHD, Refrigerator, Stainless Steel Appliance(s), Trash Compactor, Vented Exhaust Fan, Electric Water Heater
Flooring
Carpet, Tile
Fencing
None
Accessibility
None
Pool features
None
Subdivision
Windermere Oaks
Parcel
45749
HOA
Windermere Oaks
HOA amenities
Common Area Maintenance
HOA fee frequency
Annually
Elementary school
Spicewood (Marble Falls ISD)
Middle school
Marble Falls
High school
Marble Falls
Annual property tax
$9,265.00
HOA fee
$675.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$2,173.82
Estimated monthly rent$4,147.92
Cap rate2.87%

Annual operating income: $28,574.63

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Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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102 Center Cove I, Spicewood, TX 78669 · MLS #ACT5469323

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Listing information

MLS #ACT5469323 · Austin Board of Realtors

Listing brokerage: Keller Williams Realty
Listing agent: Kathie Gabriel

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.