ActiveResidential · sale

20111 Colby Hill

Spicewood, TX 78669

$1,445,000

  • 3 beds
  • 3 baths
  • 2,768 sq ft
  • 2.03 acres
  • Built 2005

Listed by Lumena Realty · MLS #ACT8690937

A FEW THINGS TO NOTICE

What stands out.

Additional spaces

Room to add a pool, guest house, or rental unit (buyer to verify).

Details worth a look

The Home: 2,768 SF across three stories — concrete floors and open living on the main level, soaring hickory hardwoods and open-concept kitchen/dining on the second, and a top-floor view room opening through floor-to-ceiling glass onto a panoramic deck where Lake Travis and the Hill Country stretch as far as you can see.

Year built

Built in 2005.

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

THE PROPERTY

Get to know the property.

Welcome to The Way to Live — A Hill Country Retreat Above Lake Travis
Perched on 2+ private acres in coveted Siesta Shores, this custom three-story Mediterranean home delivers what most buyers only search for: panoramic Hill Country views, lake community access, a climate-controlled 4-car garage, and the kind of quiet that's genuinely hard to find at this price point on Lake Travis.
Two blocks from two private lakefront parks and steps from the Siesta Shores Marina, the lifestyle here is built-in. $70/year HOA. No known STR restrictions.
The Home: 2,768 SF across three stories — concrete floors and open living on the main level, soaring hickory hardwoods and open-concept kitchen/dining on the second, and a top-floor view room opening through floor-to-ceiling glass onto a panoramic deck where Lake Travis and the Hill Country stretch as far as you can see. Multiple decks, a stone fountain, and mature live oaks frame a property that lives like something far more expensive.
The Infrastructure: New first-floor HVAC (Dec 2024), second system serviced (Jan 2025), tankless propane water heater, standing seam metal roof, and an 11,500-gallon rainwater harvesting system with full filtration. Radiant heated floors downstairs. Double-pane casement windows throughout.
The Extras: Detached western red cedar sauna. 1,132 SF insulated, air-conditioned garage — finished and climate-controlled. Room to add a pool, guest house, or rental unit (buyer to verify).
The Community: Adjacent to the emerging Travis Club luxury development. Lake Travis ISD. This is a one-of-a-kind property for a buyer who values privacy, views, sustainability, and lifestyle — and knows those four things rarely come together on Lake Travis.

THE NEIGHBORHOOD

Explore the location.

20111 Colby Hill, Spicewood, TX 78669

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2005
Full baths
2
Half baths
1
Garage spaces
4
Cooling
Central Air, Electric
Heating
Electric, Propane, Radiant Floor
Appliances
Dishwasher, Disposal, Gas Range, Stainless Steel Appliance(s), Vented Exhaust Fan, Tankless Water Heater, Water Purifier Owned
Flooring
Concrete, Wood
Fencing
Fenced, Perimeter
Accessibility
None
Pool features
None
Subdivision
Siesta Shores Sec 02
Parcel
01479005210000
HOA
Siesta Shores
HOA amenities
Common Area Maintenance
HOA fee frequency
Annually
Elementary school
West Cypress Hills
Middle school
Lake Travis
High school
Lake Travis
Annual property tax
$13,602.80
HOA fee
$70.00

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$3,229.06
Estimated monthly rent$6,020.83
Cap rate2.93%

Annual operating income: $42,361.21

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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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20111 Colby Hill, Spicewood, TX 78669 · MLS #ACT8690937

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Listing information

MLS #ACT8690937 · Austin Board of Realtors

Listing brokerage: Lumena Realty
Listing agent: Daniel La Rocca

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