tomo logo

$1,500,000

Beds
3
Baths
3.5
sq ft
2,155

5601 Great Divide Dr, Bee Cave, TX 78738

5601 Great Divide Dr

Bee Cave, TX 78738

  • 5 days on market
    • Price drop $50,000↓
5 Acre Homesite in Bee Cave with Existing 3 Bedroom Home. Ideal for anyone looking to live on site while you construct your dream home!!! There are many reasons to love Bee Cave and many more to love the community of The Homestead. This is a premium, very private, 5 Acre lot situated at the back of The Homestead neighborhood with views that back to Spanish Oaks and a large private ranch. The existing 2155 square foot home was recently renovated and makes for the ideal place to live as the owner builds their dream home! Just bring your builder! Tenant in place through the end of May which would give the buyer income while working on plans and prepping for construction. The large development envelopment is ideal for creating a family compound with plenty of space for many options. Located in the highly desirable Lake Travis ISD. Horses allowed and encouraged! Seller has also paid to $11K to tap into city water.

Details

Property type

Single Family Residence

Est. home value

$1,302,815

Lot size

5.059 acres

Price per sq ft

$697

Year built

1996

Annual property taxes

$20,216

Monthly HOA fee

$2.08

Price History

01/02/2025
Austin

Austin #2806983

Price change
$1,500,000
-3.23%
01/02/2025
Austin

Austin #2806983

Price change
$1,550,000
+3.33%
01/02/2025
Austin

Austin #2806983

Listed
$1,500,000

Schools & Community

Elementary school: 

Bee Cave

Middle school: 

Lake Travis

High school: 

Lake Travis

High school district: 

Lake Travis ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

June 2013

Original loan amount

$119,500

Est. remaining balance

Not provided

Interest rate

2.58%

Loan type

Credit Line (Revolving), 15 year

Seller

Bruce E Martin and Cheryl W Martin

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/08/2025 at 7:45 AM

Listing updated: 01/03/2025 at 4:08 AM

Listed by: Courtney Hohl, Kuper Sotheby's Int'l Realty Phone #: (512) 831-6577

MLS: Austin #2806983

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