What does a home in Spanish Oaks cost?

Spanish Oaks is a golf community in Bee Cave, about 12 miles west of downtown Austin in the 78738 ZIP code. It is almost entirely large single-family homes: the median home sold over the last year had about 5,700 square feet on roughly 0.78 acres. 17 homes sold there in the 12 months ending September 2026 at a median of $3,750,000, and 8 are for sale today.

Spanish Oaks houses sold for a median of $3,700,000 across 16 sales in the last 12 months. Four-bedroom homes had a median of $3,550,000 across 9 sales, and homes with five or more bedrooms $4,500,000 across 7 sales. The median home for sale today is listed at $5,125,000, and active listings run from $2,195,000 to $11,500,000, so today's asking prices sit well above what recent buyers paid.

Spanish Oaks has about 5.6 months of supply as of September 2026, a balanced market. Sellers had a stronger year: the typical home closed at 94.0% of original list, up from 90.0%, and only 29% of sold homes cut their price. With just 8 homes for sale and about 1.4 sales a month, timing matters less than finding the right house and pricing an offer against the comparable sales.

The two are close at the median. Over the last 12 months Spanish Oaks had a median sale of $3,750,000 across 17 sales, and Amarra, closer to Austin in 78735, had $3,737,500 across 10 sales. Both samples are small, so one sale can move either figure. The real comparison is lot size, square footage and build year, and we can pull the matched sales in each community for you.

Line up financing first; at a median house price of $3,700,000, most buyers use cash or a large jumbo loan, and lenders need time with this kind of file. Then set up a saved search inside the Spanish Oaks boundary so new listings reach you the day they list. With so few sales, ask us for the full 24-month sales history, 33 homes, before you write an offer.

Pricing to the active listings rather than the closed sales. Today's median list price is $5,125,000, well above the $3,750,000 median sale of the last year. A year ago 63% of homes that sold cut their price and the typical home closed at 90.0% of original list. This year the share that cut fell to 29%, and those sellers launched close to the recent comparable sales.

Large. The median Spanish Oaks home sold in the last 12 months had about 5,700 square feet on a lot of roughly 0.78 acres, and over the prior year the median lot was about one acre. The homes that sold were built between 2002 and 2026, with a median build year of 2017, and 3 of the 17 sales were built in 2023 or later.

Homes with five or more bedrooms sold for a median of $4,500,000 across 7 sales in Spanish Oaks over the last 12 months, and four-bedroom homes for $3,550,000 across 9 sales. With samples this small, a single sale moves a group's median, so the best guide for a specific home is the few truly comparable recent sales, matched on square footage, lot and finish level, which we can pull for you.

All 17 Spanish Oaks sales in the last 12 months were in the 78738 ZIP code, which also covers Lakeway communities such as Rough Hollow, Sweetwater and Flintrock Falls. Their medians over the same period ranged from $700,000 to $1,220,000, far below Spanish Oaks. Because ZIP statistics blend those very different homes, the figures on this page come only from sales inside the Spanish Oaks boundary used by our map search.

Request a home value from us and we will price it against the Spanish Oaks sales that actually match it, using the full 24 months of ACTRIS MLS closings, since a 12-month window holds only 17 sales. For context, the 12-month median was $3,750,000, and the typical home closed at 94.0% of its original list price. We will also show you the active listings a buyer will compare yours against.