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.
Listing Provided Courtesy of Compass RE Texas, LLC
Property Details
Price:
$725,000
MLS #:
2686351
Status:
Active Under Contract
Beds:
4
Baths:
3.5
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Terra Colinas Ph 1
Listed Date:
Feb 5, 2026
Finished Sq Ft:
2,926
Lot Size:
9,548 sqft / 0.22 acres (approx)
Year Built:
2018
See this Listing
Schools
School District:
Lake Travis ISD
Elementary School:
Bee Cave
Middle School:
Lake Travis
High School:
Lake Travis
Interior
Appliances
Built-In Oven(s), Dishwasher, Disposal, Gas Cooktop, Microwave, Stainless Steel Appliance(s)
Bathrooms
3 Full Bathrooms, 1 Half Bathroom
Cooling
Ceiling Fan(s), Central Air
Fireplaces Total
1
Flooring
Carpet, Tile
Heating
Central, Fireplace(s)
Exterior
Community Features
Clubhouse, Cluster Mailbox, Common Grounds, Pool
Exterior Features
Exterior Steps, Private Yard
Other Structures
None
Parking Features
Attached, Door-Multi, Driveway, Garage, Garage Door Opener, Garage Faces Front, Garage Faces Side
Roof
Composition, Shingle
Financial
HOA Fee
$192
HOA Frequency
Quarterly
HOA Includes
Common Area Maintenance
HOA Name
Terra Colinas HOA
Taxes
$13,986
Map
Community
- Address5200 Palermo DR Austin TX
- SubdivisionTerra Colinas Ph 1
- CityAustin
- CountyTravis
- Zip Code78738
Market Summary
Current real estate data for Single Family in Austin as of Mar 06, 2026
3,127
Single Family Listed
94
Avg DOM
400
Avg $ / SqFt
$1,057,296
Avg List Price
Property Summary
- Located in the Terra Colinas Ph 1 subdivision, 5200 Palermo DR Austin TX is a Single Family for sale in Austin, TX, 78738. It is listed for $725,000 and features 4 beds, 4 baths, and has approximately 2,926 square feet of living space, and was originally constructed in 2018. The current price per square foot is $248. The average price per square foot for Single Family listings in Austin is $400. The average listing price for Single Family in Austin is $1,057,296. To schedule a showing of MLS#2686351 at 5200 Palermo DR in Austin, TX, contact your Ensor & Co., Realtors agent at 512-640-9277.
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