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Austin · Terra Colinas Ph 1

$679,000 29 days on market

5216 Palermo Dr, Austin, TX 78738

  • 3bedrooms
  • 2.5bathrooms
  • 2,872sqft
  • 0.19acres
  • 2016year built

About this home

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.

Property

Type
Single Family Residence
Levels
One
Year built
2016
Lot size
0.19 acres
Subdivision
Terra Colinas Ph 1
MLS #
ACT3504807

Inside

Bedrooms
3
Bathrooms
2.5
Living area
2,872 sqft
Fireplaces
1

Outside / parking

Garage spaces
3

Schools

Elementary
Bee Cave
High school
Lake Travis
District
Lake Travis ISD

Costs

HOA
$250 / quarterly
Est. annual taxes
$16,658 (2025)

Listing

First listed
Apr 9, 2026
Days listed
29
Status
Active Under Contract

Listed by Elle Spikes, Compass RE Texas, LLC · [email protected] · MLS# ACT3504807 · Active Under Contract

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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