Date
Details
Price
Change
Source
4/09/2026
Listed
$679,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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.
Full Property Details
Full Property Details for 5216 Palermo Dr
General
- Price: $679,000
- HOA FEE: $83/month
- HOA FEE FREQ.: Quarterly
- Taxes: $16,658 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 3504807
- Updated: Today (4/9/2026)
- Added to Site: Today
Interior
- Interior Features: Breakfast Bar, Ceiling Fan(s), Chandelier, Double Vanity, French Door(s)/Atrium Door(s), High Ceilings, Kitchen Island, Multiple Living Areas, Main Level Primary, Multiple Closets, No Interior Steps, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Storage, Soaking Tub, Study, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Gas Log, Living Room
- Appliances: Built-In Gas Range, Built-In Oven, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Range Hood, Stainless Steel Appliance(s)
- Flooring: Carpet, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main: 3
Other Rooms
- Laundry: Main Level, Laundry Room, Washer Hookup, Electric Dryer Hookup
Additional Information
- Shared Amenities: Common Grounds/Area, Clubhouse, Community Mailbox, Pool, Curbs
- Shared Pool: Yes
- Pool: Yes
- Pool Description: None, Community
- Security/Safety: Security System Owned, Smoke Detector(s)
Exterior
- Exterior Features: Exterior Steps, In-Wall Pest Control System, Private Yard, Rain Gutters
- Porch/Patio/Deck: Covered, Front Porch, Patio
Parking
- Garage: Yes
- Garage Spaces: 3
- Covered Spaces: 3
- Total Spaces: 6
- Parking Features: Assigned, Door-Multi, Driveway, Enclosed, Garage Faces Front, Garage, Garage Door Opener, Inside Entrance, Side By Side
Location
- Area: LS
- County: Travis
- Subdivision: Terra Colinas Ph 1
- Driving 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.
- Direction Faces: East
School Information
- Elem School District: Lake Travis ISD
- Midd School District: Lake Travis ISD
- High School District: Lake Travis ISD
- Elementary School: Bee Cave
- Middle School: Bee Cave Middle School
- High School: Lake Travis
Community
- Association: Yes
- Assoc. Name: Terra Colinas
- Assoc. Fees Include: Common Area Maintenance
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Municipal Utility District
- Water: Municipal Utility District
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Brick Veneer, Masonry, Stone Veneer
- Roof: Asphalt, Shingle
- Windows: Blinds, Double Pane Windows
- Stories/Levels: 1
- Square Feet: 2,872
- Sq. Ft. Source: Public Records
- Living Area: 2,872 Sq. Ft.
- Year Built: 2016
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1928
- Lot Size (Sq. Ft.): 8,398.37
- Fence: Yes
- Lot Features: Back Yard, Close to Clubhouse, Sprinklers In Rear, Sprinklers In Front, Interior Lot, Landscaped, Sprinklers Automatic, Sprinklers In Ground, Few Trees, Trees Small Size
- Fencing (Description): Back Yard, Gate, Privacy, Wood
Financial Considerations
- Association Fee: $250
- Assoc Fee Freq.: Quarterly
- Assessment Amount: $701,705
- Tax Amount: $16,658.25
- Tax Year: 2025
- Terms: Cash, Conventional, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Survey
- Legal Description: LOT 24 BLK C TERRA COLINAS PHS 1 AMD
- Disclosures/Reports: Seller Disclosure
- Property ID: 1217804200000
- Block: C
- Lot Number: 24
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— 5216 Palermo Dr —
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Schools
Schools serving 5216 Palermo Dr
School District:Lake Travis Independent School District
| Name | Grades | Distance |
|---|---|---|
Bee Cave Elementary School 14300 Hamilton Pool Road, Austin, TX 78738 | K-5 | 1.1 mi |
Bee Cave Middle 5400 Vail Divide, Austin, TX 78738 | 6-8 | 0.6 mi |
Lake Travis High School 3324 Ranch Road 620 South, Austin, TX 78738 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5216 Palermo Dr
Tax History
Tax History for 5216 Palermo Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,676
—
$701,705
-2%
2024
$13,676
12%
$718,420
-12%
2022
$12,221
—
$815,526
-2%
2022
$12,221
5%
$835,394
55%
2021
$11,618
-11%
$539,759
10%
2020
$13,045
—
$490,690
—
2020
$13,064
-4%
$490,690
-2%
2018
$13,656
—
$502,628
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5216 Palermo Dr
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5216 Palermo Drive, Austin, TX 78738 (MLS# 3504807) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 5216 Palermo Drive is currently listed for $679,000 and was received on April 09, 2026. Want to learn more about 5216 Palermo Drive? Do you have questions about finding other Single Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.