ActiveMLS #7618802

1231 Lake Shore DR, Spicewood TX 78669

Name: 1231 Lake Shore DR, Spicewood, TX 78669
SKU: 7618802
Price: 1895000 USD
Availability: InStock

Spicewood, TX 78669 · Laguna Vista

Single Family Residence for sale in Laguna Vista

$1,925,000

$1,895,000

3 full / 1 half

3,266

0.89

2007

Price Reduced

1 / 40

$1,895,000$1,925,000

3D tour

Overview

Property Description

The LAKE IS UP & THE PRICE HAS DROPPED! CUSTOM waterfront residence, high-end weekender, or an INCOME GENERATING short term rental! Perched up high with views for miles, and easily out of the 100-year flood plain. Built by Bentley Custom Homes for the business owner/builder. Custom-built boat dock with storage, boat lift & Jet Ski ramps convey with accepted offer! The open living/dining area features walls of windows to highlight the views & flows out to the expansive covered deck through sliding doors. A 2nd living space/game room features 2 additional covered decks for ample outdoor living & entertaining. The master suite features a vaulted ceiling, built in desk & cabinetry, oversized spa-like bath, and huge closet with built ins. Enjoy fairway views of the Loraloma Golf Course on the bluff across the water from the master suite balcony. This location is one of the BEST areas of Lake Travis for water sports. No docks across the way, an extended gangway & topography that reaches out furthest toward the center of the channel are huge benefits. Buyers have the 1st right of refusal for a 1-AC vacant lot adjacent, & a 2 AC parcel facing the garage. FROR for the boat & jet ski too! 1.8% tax rate, voluntary $75/annual HOA, Lake Travis ISD, & the ability to expand your compound, put in a pool, or build to suit. Call/text to see - a bit of notice may be needed if home is occupied.

Financial Info

Price: $1,895,000
$ / Sqft: $580
HOA: Yes - Voluntary / $75 / Annually
HOA Name: Laguna Vista POA
HOA Includes: Common Area Maintenance
Tax Rate: 1.704%
Est. Taxes: $12,244.32
Tax Year: 2026
Exemptions: None

Legal Info

Address: 1231 Lake Shore DR
County: Travis
City: Spicewood
State: TX
Zip: 78669
Subdivision: Laguna Vista
Legal Description: Lot 48 Laguna Vista Subd.
Parcel: 1231 Lake Shore Drive Spicewood TX 78669

Interior Features

Floor: Tile
Num Living: 2
Dining: 2
Kitchen: Granite Counters, Kitchen Island, Pantry
Appliances: Built-In Range, Dishwasher, Disposal, Microwave, Electric Oven, Refrigerator, Washer/Dryer
Laundry: Lower Level
Master Bed: 2 Primary Baths, Double Vanity, Primary Bedroom on Main, Walk-In Closet(s)
Master Main: Yes
Fireplaces: 1
Fireplace Description: Great Room, Wood Burning
Interior Features: 2 Primary Baths, 2 Primary Suites, Ceiling Fan(s), High Ceilings, Granite Counters, Stone Counters, Double Vanity, Entrance Foyer, Interior Steps, Kitchen Island, Multiple Dining Areas, Multiple Living Areas, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Storage, Walk-In Closet(s), Smoke Detector(s), ENERGY STAR Qualified Windows, Insulated Windows

General Info

Beds: 4 Total / 4 Other Level
Full / Half Baths: 3 / 1
Prop Type: Residential
Property Type: Single Family Residence
Stories: 1
Year Built: 2007 / See Remarks
Square Feet: 3,266 / Builder
Garages: 2
Garage Desc: Additional Parking, Attached, Door-Multi, Garage, Garage Door Opener
Foundation: Slab
Roof: Shingle
Construction: Frame, Natural Building, Stucco
Acres: 0.89
Lot Description: Cleared, Gentle Sloping, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft)
Restrictions: Deed Restrictions
Flood Plain: See Remarks
View: Golf Course, Hill Country, Lake
Water Access: Yes
Waterfront: Yes
Area: LS

Utility Info

Water: Well
Sewer: Septic Tank
Utilities: Electricity Connected, Internet-Cable, Water Connected
Heat: Central
A C: Central Air

Exterior Features

Fence: None
Exterior Features: Balcony, Boat Dock - Private, Boat Lift, Boat Ramp, Boat Slip, Exterior Steps, Lighting, Private Entrance, Private Yard, Covered, Deck, Patio, Side Porch
Pool On Property: No
Area Amenities: See Remarks, Lake

Rooms

Rooms3 rooms

First level

Game Room

Second level

Kitchen

Third level

Primary Bedroom

Price history

Members only

Days on market

−$30,000 (−1.6%)

$1,925,000 → $1,895,000

Price reduction

Active

Since Apr 23, 2026

Price trend

List priceApr 2026 → Jun 2026

Property history2 events

Date	Event	Price	Change
Jun 19, 2026	Price Decrease	$1,895,000−$30,000 (−1.6%)	−$30,000 (−1.6%)
May 20, 2026	New Listing		—

Taxes

Tax data isn’t available for this property’s county yet.

Schools

School Info

District: Lake Travis ISD
Elementary: West Cypress Hills
Middle: Lake Travis
High: Lake Travis

Maps

Financing

Your preferences

20% down
Conv/Jumbo
30 years
6.50% rate

Saved on this device

Home priceList price $1,895,000

Down payment

Stays 20% if you change the price

Interest rateNote rate, not APR

Loan termLoan type

Property taxesFrom this listing’s tax record

Homeowners insurance*Estimated only (1% of price / yr)

Estimated monthly payment

$12,181 / mo

20% down · 6.50% interest · 30-year fixed

Principal & interest: $9,582
Property taxes: $1,020
Homeowners insurance: $1,579

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
Year	Starting balance	Principal paid	Interest paid	Ending balance
1	$1,516,000	$16,945	$98,041	$1,499,055
2	$1,499,055	$18,080	$96,906	$1,480,976
3	$1,480,976	$19,290	$95,695	$1,461,685
4	$1,461,685	$20,582	$94,404	$1,441,103
5	$1,441,103	$21,961	$93,025	$1,419,142
6	$1,419,142	$23,431	$91,554	$1,395,711
7	$1,395,711	$25,001	$89,985	$1,370,710
8	$1,370,710	$26,675	$88,311	$1,344,035
9	$1,344,035	$28,462	$86,524	$1,315,574
10	$1,315,574	$30,368	$84,618	$1,285,206

Year 1$1,499,055
Principal paid
$16,945
Interest paid
$98,041
Starting balance
$1,516,000
Year 2$1,480,976
Principal paid
$18,080
Interest paid
$96,906
Starting balance
$1,499,055
Year 3$1,461,685
Principal paid
$19,290
Interest paid
$95,695
Starting balance
$1,480,976
Year 4$1,441,103
Principal paid
$20,582
Interest paid
$94,404
Starting balance
$1,461,685
Year 5$1,419,142
Principal paid
$21,961
Interest paid
$93,025
Starting balance
$1,441,103
Year 6$1,395,711
Principal paid
$23,431
Interest paid
$91,554
Starting balance
$1,419,142
Year 7$1,370,710
Principal paid
$25,001
Interest paid
$89,985
Starting balance
$1,395,711
Year 8$1,344,035
Principal paid
$26,675
Interest paid
$88,311
Starting balance
$1,370,710
Year 9$1,315,574
Principal paid
$28,462
Interest paid
$86,524
Starting balance
$1,344,035
Year 10$1,285,206
Principal paid
$30,368
Interest paid
$84,618
Starting balance
$1,315,574

First 10 of 30 years

Nearby

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Listings courtesy of ACTRIS as distributed by MLS GRID.