ActiveResidential · sale

106 Center Cove II Loop

Spicewood, TX 78669

$699,900

  • 4 beds
  • 4 baths
  • 2,390 sq ft
  • 0.05 acres
  • Built 1991

Listed by Kuper Sotheby's Int'l Realty · MLS #ACT3113841

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1991.

Property size

0.05 acres listed.

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

THE PROPERTY

Get to know the property.

Lake Travis is Full! Welcome to 106 Center Cove, where Lake Travis living truly comes into its own. Nestled in the heart of Spicewood, this four-bedroom, three-bathroom home offers the perfect balance of comfort, views, and lifestyle—whether you’re escaping for the weekend or settling into full-time lake life.
The home is ideally positioned to capture breathtaking, unobstructed views of Lake Travis, delivering that wow factor from the moment you arrive. Mornings begin with calm water and Hill Country light, while evenings are made for sunsets that turn the lake gold. Inside, the thoughtful floor plan provides generous space for hosting family and friends, while still maintaining an easy, livable flow that feels welcoming rather than oversized. Four Bedrooms, three bathrooms, a game room, and a hot tub, what else could you ask for?
One of the most compelling features of this property is the deeded boat slip in the marina—a rare and increasingly valuable amenity on Lake Travis. Skip the waitlists, storage logistics, and access headaches. Here, your boat is ready when you are, making spontaneous lake days effortless and everyday living feel like a vacation.
For buyers with an eye on performance, the property also boasts an impressive and well-documented short-term rental (STR )history. It has consistently proven its ability to generate strong returns, making it equally attractive as a high-performing investment or a personal retreat that can offset ownership costs when not in use.
Priced aggressively to sell, offering a standout value relative to its location, lake access, marina slip, and income potential—without compromise. This is a confident offering designed to reward decisive buyers.
Whether you’re seeking a turnkey STR, a lakeside escape, or a smart blend of both, 106 Center Cove delivers the full Lake Travis lifestyle—views, water access, and value—all in one exceptional package.

THE NEIGHBORHOOD

Explore the location.

106 Center Cove II Loop, Spicewood, TX 78669

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1991
Full baths
4
Half baths
0
Garage spaces
0
Cooling
Ceiling Fan(s), Central Air, Electric, Zoned
Heating
Central, Electric, Zoned
Appliances
Dishwasher, Disposal, Electric Range, Ice Maker, Microwave, Range, Electric Water Heater
Flooring
Carpet, Tile, Vinyl
Fencing
None
Accessibility
None
Pool features
None
Subdivision
Windermere Oaks
Parcel
086500CC200004000
HOA
Windermere Oaks POA
HOA amenities
See Remarks
HOA fee frequency
Annually
Elementary school
Spicewood (Marble Falls ISD)
Middle school
Marble Falls
High school
Marble Falls
Annual property tax
$11,115.00
HOA fee
$495.00

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$1,143.84
Estimated monthly rent$2,916.25
Cap rate2.21%

Annual operating income: $15,475.88

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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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106 Center Cove II Loop, Spicewood, TX 78669 · MLS #ACT3113841

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Listing information

MLS #ACT3113841 · Austin Board of Realtors

Listing brokerage: Kuper Sotheby's Int'l Realty
Listing agent: Forrest Hess

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