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The home was listed on Nov. 17. (JPM Real Estate Photography)
Known as the "Bridge Home," 5221 Musket Cove is serenely located in the exclusive, gated Spanish Oaks neighborhood in West Austin. With five bedrooms, seven bathrooms and two half-baths, the massive home clocks in at 8,896 sprawling square feet.
Built in 2008, the home was designed by luxury firm Seaux-Piece Architecture over a three-year period but still looks like the pinnacle of modernity.
Entering through the three-car garage will bring you into the open-plan living room with sky-high ceilings and access to a separated indoor-outdoor lounge that connects to the pool. Floor-to-ceiling windows surround the living area on both sides for beautiful views of the outdoor waterfall and lots of natural light.
The kitchen is filled with luxury appliances from a Miele coffee maker, Viking Professional Series range with a warming drawer, three Gaggenau ovens, and five (count 'em) Sub-Zero refrigerators. That's not all—just off the kitchen is a walk-in wine cellar that stores 1,200 bottles of wine.
The living room has large windows on both sides. (JPM Real Estate Photography)
The elite master bath has two complete walls of glass so you can survey your kingdom of pools, multiple water features from a private well tapping into the Trinity Aquifer and an isolated private hot tub. Plus, the "owner's wing" is practically designed with independent closets, showers and toilets.
Just like the Taco of the Month, the biggest surprises are on the inside. One bedroom, perfect for a Disney-loving little one, has murals of Ariel and Elsa on the walls, and another is dedicated to Torchy's, painted in bright colors and featuring the "Damn Good" slogan on the wall. The Torchy's room is 1,200 square feet, and complete with a full bath, can be converted into a one-to-two bedroom apartment.
Before heading to work, make sure to stop by the at-home gym, complete with a steam shower and beverage nook, to work off those tacos. If you prefer to work out by hitting the green, you could also head over to the golf simulator room for a quick round.
Of course, this home is perfect for entertaining and too good not to share—envision nighttime gatherings by the outdoor fire pit on 1.3 acres of land or at the private movie theater. You also won't have to worry about party crashers since the home comes with 24/7 security.
Hart retired, effective immediately, in early November after four years as CEO of Torchy's. Under Hart's leadership, Torchy's expanded from 45 locations to 96 in 10 states. Founder Mike Rypka will step up as interim CEO in the meantime.
This listing is held by Compass' Monica Fabbio.
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Austin's housing market continues to slow down even as the metro is set for a record-breaking year. ( Pavel Danilyuk/Pexels)
Last month was a slow one for the real estate market across the Austin-Round Rock metro area, with 3,250 closed sales compared to 3,780 in October 2020. On the flip side, the metro's median home sales price grew by 24.7% year-over-year to $455,000, setting a record for the month.
(ABoR)
Of course, if you want to live close to the city center, it's going to cost you more: in just the Austin city proper, the median home price is up by 21.1% year-over-year from $441,250 to a whopping $536,000.
ABoR 2021 president Susan Horton said with more new listings continuing to pop up, prospective buyers have more options to pursue.
"We are beginning to see a glimpse into what buyers and sellers can expect in our housing market moving forward," Horton said. "With the market remaining stable — but still on track for a record year — it is an exciting time for realtors who continue to be the best advisers to both buyers and sellers when it comes to navigating one of the most desirable housing markets in the country."
Although the median home price is up from this time last year, the Austin metro area hit its pricing peak in July 2021 at $478,000. According to a study done by the Texas A&M Texas Real Estate Research Center, the pandemic accelerated home sales in an already depleted market, causing prices to jump. However, the study indicates that Texas' "housing frenzy" could be over as both price growth and sales have already peaked.
New listings are up by 0.9%, from 3,747 to 3,777 new listings to browse, however, active listings are 0.5% down year-over-year to 3,475 from 3,501 in 2020, which was already down by 50%.
Inventory remains stable with about a month available, only dipping by .1 months since last year. You have less time to shop around though, as homes spent about 20 days on the market in 2021, down from 35 days in October 2020.
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