Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours

$729,000

NAL Estimated Property Value

5216 Palermo Dr, Austin, TX, 78738

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,872 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$236.42 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Built-In Gas Range, Dishwasher, Disposal, Exhaust Fan, Microwave, Stainless Steel Appliance(s), Water Heater
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Private Yard
Lot Size8,398 sqft

Building Information

Year Built2016
Stories1
Roof Type105
Garage Spaces2

Land Information

APN01217804200000
Lot Number24
SubdivisionTerra Colinas Phs 1 Amd
Land UseResidential
Legal DescriptionLOT 24 BLK C TERRA COLINAS PHS 1 AMD
Census Tract036500
Assessed Land Value$210,000
Assessed Improvement Value$491,705
Assessment Year2025

About this property

Nestled on a coveted east facing lot in the highly desirable Terra Colinas community, this stunning single-story home captivates from the moment you arrive. Its beautiful curb appeal, complemented by a 3-car garage, sets the tone for the thoughtful design that awaits inside. Step through the door to find an open, light-filled interior with intentional features throughout, including high ceilings and elegant crown moldings, along with beautiful hardwood flooring that flows seamlessly through the main living spaces. At the heart of the home is a chef-inspired kitchen that's nothing short of a showstopper, offering abundant cabinetry, granite counters, built-in appliances including a gas range, a convenient butler's pantry, and an oversized island, intentionally crafted for entertaining. The layout includes a dedicated home office for efficient remote work, while a bonus living area is thoughtfully tucked between the two secondary bedrooms, adding versatility to the design. The owners suite is a true retreat, featuring a tray ceiling, expansive walk-in closets, and a spa-inspired bath with dual vanities, a soaking tub, and a walk-in shower. Outside, you'll enjoy the serene covered patio overlooking mature trees and the fenced backyard, ideal for relaxing evenings, morning coffee, and lively outdoor entertaining. Perfectly positioned between Summer Moon Coffee and the community pool, this home offers the ultimate in convenience and elevated living. Every detail has been designed with lifestyle and comfort in mind - this is the home you've been waiting for. 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.

Investor Tools

Property Icon
$729,000
Estimated Property Value
$0Estimated Mortgage Balance
$729,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,374 /month
Positive
Cash Flow Estimate:
$1,458 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,443/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,676
$701,705
2025
$210,000
$491,705
$701,705
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,676
$701,705

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$729,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,020/mo
$250/mo
+$2,770/mo
5.0%

Learn About the Market: Opportunity in Austin

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

5216 Palermo Dr | Property Details | No Agent List