5216 Palermo DR, Austin TX 78738
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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.
Features
- Breakfast Bar
- Ceiling Fan(s)
- High Ceilings
- Chandelier
- Quartz Counters
- Double Vanity
- Electric Dryer Hookup
- French Doors
- Kitchen Island
- Multiple Living Areas
- No Interior Steps
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Recessed Lighting
- Soaking Tub
- Storage
- Study/Home Office
- Walk-In Closet(s)
- Washer Hookup
Location
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Schools
Property Details
Parking
HOA & Community
Tax Information
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Estimate your monthly payment (PITI)
* Estimate only. Does not include HOA fees, PMI, or other costs.
This property has HOA fees of $250/quarterly.
Listing History
| Apr 9, 2026 | Listed | Listing Courtesy of Compass RE Texas, LLC - elle.spikes@compass.com | $679,000 |
| Mar 24, 2017 | Off Market | ||
| May 17, 2016 | Listed | $492,788 |
Frequently Asked Questions About 5216 Palermo DR, Austin TX 78738
When was 5216 Palermo DR, Austin TX 78738 built?
5216 Palermo DR, Austin TX 78738 was built in 2016.
How much does 5216 Palermo DR, Austin TX 78738 cost?
5216 Palermo DR, Austin TX 78738 is listed for sale at $679,000. That is $236 per square foot.
How many bedrooms and bathrooms does 5216 Palermo DR, Austin TX 78738 have?
5216 Palermo DR, Austin TX 78738 has 3 bedrooms and 3 bathrooms (2 full, 1 half) with 2,872 square feet of living space.
What school district is 5216 Palermo DR, Austin TX 78738 in?
5216 Palermo DR, Austin TX 78738 is in the Lake Travis ISD school district. Assigned schools include Bee Cave (elementary), Bee Cave Middle School (middle), Lake Travis (high school).
Does 5216 Palermo DR, Austin TX 78738 have an HOA?
Yes, 5216 Palermo DR, Austin TX 78738 has an HOA fee of $250 per quarterly. The HOA includes common area maintenance.
What are the property taxes on 5216 Palermo DR, Austin TX 78738?
The annual property taxes on 5216 Palermo DR, Austin TX 78738 are $16,658 (as of 2025).
How big is the lot at 5216 Palermo DR, Austin TX 78738?
The lot at 5216 Palermo DR, Austin TX 78738 is 0.1928 acres, and the home has 2,872 square feet of living space.
What type of property is 5216 Palermo DR, Austin TX 78738?
5216 Palermo DR, Austin TX 78738 is a residential property.
Does 5216 Palermo DR, Austin TX 78738 have a garage?
Yes, 5216 Palermo DR, Austin TX 78738 has a 3-car garage.
What subdivision is 5216 Palermo DR, Austin TX 78738 in?
5216 Palermo DR, Austin TX 78738 is located in the Terra Colinas subdivision in Austin, TX.
What heating and cooling does 5216 Palermo DR, Austin TX 78738 have?
5216 Palermo DR, Austin TX 78738 has central, electric heating and central air, electric cooling.
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