5216 Palermo Dr Austin, TX $ 679,000
5216 Palermo Dr
$ 679,000
Recently Listed
Open House 4/11 10am - 12pm
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5216 Palermo Dr

Austin, TX, 78738
$ 679,000
Bedrooms3 Baths2.1 Sq 2,872

Monthly Estimate*

$ 4,181

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Single Family Home for sale in Austin, TX

for $679,000 with 3 bedrooms and 2 full baths, 1 half bath. This 2,872 square foot home was built in 2016 on a lot size of 0.1928.

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.

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Open House

4/11/2026 10:00 AM - 12:00 PM
5216 Palermo Dr Austin, TX
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Single Family Active

Price

$ 679,000

Bedrooms

3

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 16,658

Style

Single Family Residence

Lot Size

0.1928

Year Built

2016

Town/City

Austin

County/Region

Travis

MLS | Web ID

3504807

Features
General
Living Area 2872
Sewer MUD
Heating Central Electric
Cooling Central Air Electric
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Roof Asphalt Shingle
Appliances Built-In Gas Range Built-In Oven(s) Dishwasher Disposal Exhaust Fan Microwave RNGHD Stainless Steel Appliance(s) Water Heater
HOA Fee 250
Garage Spaces 3
Association Fee Includes Common Area Maintenance
Patio/Porch Features Covered Front Porch Patio
Pool Features None
Security Features Security System Owned Smoke Detector(s)
Construction Materials Brick Veneer Masonry – All Sides Stone Veneer
Year Built 2016
View None
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Waterfront Features None
Community Features Clubhouse Cluster Mailbox Common Grounds Pool
Accessibility None
Assoc Fee Paid Per Quarterly
County Travis
New Construction N
Property Type Residential
HOA Y
Energy Efficient None
Subdivision Name Terra Colinas Ph 1
Facing Direction East
Green Sustainability None
Other Structures None
Full Baths 2
Status Active
Directions From Austin take HWY 71 West toward Bee Cave. Continue to follow HWY 71 west and turn left onto Palermo Drive. The home is on the right.
High School Lake Travis
City Austin
Disclosures MUD Seller Disclosure
Association Name Terra Colinas
MLS Area LS
Lot Size Square Feet 8398.37
Elementary School Bee Cave
Tax Annual Amount 16658.25
Middle/Junior High School Bee Cave Middle School
Property Condition Resale
Additional Parcels Y/N N
Virtual Tour https://5216palermodr.com/idx https://5216palermodr.com/
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 701705
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Interior
Interior Amenities Breakfast Bar Ceiling Fan(s) Ceiling-High Chandelier Quartz Counters Double Vanity Kitchen Island Multiple Living Areas No Interior Steps Open Floorplan Pantry Primary Bedroom on Main Recessed Lighti
Flooring Carpet Tile Wood
Total Fireplaces 1
Fireplace Features Gas Log Living Room
Window Features Blinds Double Pane Windows
Half Baths 1
Total Bedrooms 3
Main Level Bedrooms 3
Total Baths 3
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Exterior
Exterior Amenities Exterior Steps Rain Gutters Pest Tubes in Walls Private Yard
Fencing Back Yard Gate Privacy Wood
Parking Features Assigned Door-Multi Driveway Enclosed Garage Garage Door Opener Garage Faces Front Inside Entrance Side By Side
Lot Features Back Yard Close to Clubhouse Curbs Few Trees Interior Lot Landscaped Sprinkler - Automatic Sprinklers In Rear Sprinklers In Front Trees-Small (Under 20 Ft)
Water Source MUD
Total Parking 6
Foundation Details Slab
Lot Size Acres 0.1928
Waterfront Y/N N
Covered Spaces 3
Horse Y/N N
Horse Amenities None
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Internal Only
Street Number 1 5216
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* Excluded Features
List By
Elle Spikes

Listing Agent

Compass Re Texas, Llc

Broker

elle.spikes@compass.com

Email

Affordability Calculator

$5,569
Per Month
75%
25%
0%
Monthly Principal & Interest
$4,181
Monthly Property Taxes
$1,388
Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4360829 Elementary School
4360546 Middle School
Lake Travis High School High School
Pricing History
DatePricePrice ChangeDescription
4/9/2026$679,000 Listed Price

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5216 Palermo Dr, Austin, TX, 78738 is a Single Family Home for sale at $679,000 with 2,872 sqft and a lot size of 0.1928. 5216 Palermo Dr has 3 bedrooms, 2.1 baths, and was built in 2016. The property's zip code is 78738 which is in Austin, TX