5200 Palermo DR, Austin TX 78738

Austin, TX 78738 | Terra Colinas

Ed's Opinion of Value

$572,000 Ed's Estimate: $709,271 $749,959
Lowest Comp Recommended List: $695,000 to $723,000 Highest Comp
7 recent sales within half a mile of this address suggest a current value of $709,271. My recommended list price range for this property would be $695,000 to $723,000. Against 5 similar active listings in TERRA COLINAS, this price point lands at the 3rd most expensive of 5 comparable homes on the market. Buyers in TERRA COLINAS have 5 comparable options right now, with asking prices between $572,000 and $914,000. In 78738, home values have risen approximately 9.2% over the past 6 months. One of the strongest data points is 5216 Palermo DR, Austin TX 78738, adjusting to $717,902; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group
4 Beds
4 Baths 3 Full, 1 Half
2,926 Sq Ft
0.2192 Acres
2018 Built
3 Garage

About This Property

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Situated on a desirable east/north-east facing corner lot in the sought-after Terra Colinas community, this beautiful single-story home offers style, function, and an exceptional location near the neighborhood amenity center and popular Summer Moon Coffee. Built with timeless stone and brick masonry and framed by manicured landscaping, the home features a spacious three-car garage. Inside, the bright and inviting floor plan showcases tile flooring, crown molding, and abundant natural light. A private home office with French doors sits off the foyer, while the spacious formal dining room features a chandelier and sophisticated coffered ceiling - ideal for entertaining. The expansive living room with gas log fireplace flows into the chef-inspired kitchen, complete with a large island, granite countertops, generous cabinetry, and stainless-steel appliances with gas cooktop. The owner’s suite offers a relaxing retreat with tray ceiling, oversized walk-in closet, and spa-like bath featuring dual vanities, soaking tub, and walk-in shower. A private guest suite and two additional bedrooms connected by a Jack-and-Jill bath provide comfortable accommodations. Enjoy outdoor living on the covered patio overlooking the fenced backyard. 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.

Features

  • Breakfast Bar
  • Ceiling Fan(s)
  • Coffered Ceiling(s)
  • High Ceilings
  • Tray Ceiling(s)
  • Chandelier
  • Granite Counters
  • Crown Molding
  • Double Vanity
  • Electric Dryer Hookup
  • Eat-in Kitchen
  • Entrance Foyer
  • French Doors
  • Kitchen Island
  • Multiple Dining Areas
  • No Interior Steps
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Soaking Tub
  • Walk-In Closet(s)
  • Washer Hookup

Location

Schools

School District Lake Travis ISD
Elementary Bee Cave
Middle School Lake Travis
High School Lake Travis

Property Details

Property Type Residential
Construction Brick, Masonry – All Sides, Stone
Roof Composition, Shingle
Foundation Slab
Levels One
Flooring Carpet, Tile
Cooling Ceiling Fan(s), Central Air
Heating Central, Fireplace(s)
Fireplace Gas Log, Living Room
Exterior Exterior Steps, Private Yard
County Travis
MLS # 2686351
Garage 3 spaces (Attached)
Parking 5 spaces: Attached, Door-Multi, Driveway, Garage, Garage Door Opener, Garage Faces Front, Garage Faces Side
Windows Blinds, Double Pane Windows
Security Smoke Detector(s)

Lot, Outdoor & Utilities

Lot Features Back Yard, Corner Lot, Front Yard, Landscaped, Level, Private
Patio & Porch Covered, Patio
Fencing Back Yard, Fenced, Gate, Privacy, Wood
Water Municipal Utility District (MUD)
Sewer Municipal Utility District (MUD)
Utilities Cable Available, Electricity Connected, Internet-Cable, Natural Gas Connected, Sewer Connected, Water Connected

HOA & Community

HOA Fee $192 /Quarterly
HOA Name Terra Colinas HOA
HOA Includes Common Area Maintenance
Community Features Clubhouse, Cluster Mailbox, Common Grounds, Pool

Tax Information

Annual Taxes (MLS) $13,986 (2025)
Assessed Value $746,937
Exemptions Homestead

Listing History

MLS# 2686351 6 days
Mar 6, 2026 Off Market
Feb 19, 2026 Pending
Feb 5, 2026 Listed $725,000

Frequently Asked Questions About 5200 Palermo DR, Austin TX 78738

When was 5200 Palermo DR, Austin TX 78738 built?

5200 Palermo DR, Austin TX 78738 was built in 2018. It is brick, masonry – all sides, stone construction with 2,926 square feet on a 0.2192 acre lot.

How much does 5200 Palermo DR, Austin TX 78738 cost?

5200 Palermo DR, Austin TX 78738 sold on March 6, 2026. Contact us for sale price details.

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