A newly built spec mansion in Bee Cave led Austin’s luxury home contracts last week, according to the Eklund Gomes Team. The six-bedroom, six-bathroom property at 16114 Cool Breeze Cove was listed for $3.5 million, or about $600 per square foot for its 5,700-square-foot layout. The final sale price has not been disclosed.
The home was constructed and sold by Terra Builders, a local company owned by Jim and Julie Lavender. Julie Lavender also served as the listing agent for the property. The house sits on a 2.6-acre cul-de-sac lot near Little Barton Creek and comes with pre-approval for a 900-square-foot guest house. Amenities include a pool, outdoor kitchen, and a secret room.
Another high-value contract last week involved a custom-built home at 4107 North Hills Drive in Northwest Hills. Built in 2024, this five-bedroom, six-bathroom residence covers 4,500 square feet and was priced at $3.46 million when it went under contract—about $770 per square foot. According to Moreland Properties agent Greg Walling, the sellers Tamir and Marina Hardof had originally intended it as their “forever home.” The property features Tesla Powerwalls, solar panels, and smart-home technology.
While the Bee Cave spec mansion maintained its original asking price of $3.5 million, the Northwest Hills resale initially listed at $3.75 million in September but saw price reductions in October and November before going under contract—a trend seen among luxury resale homes in Austin since the mid- and post-pandemic market surge.
Both transactions highlight ongoing challenges for luxury resales compared to new construction properties within Austin’s real estate market.
