$5,650,000 $728/sqft ▼ $300,000 (5%)
5 Beds
6 Baths 5 Full, 1 Half
7,760 Sq Ft
0.5258 Acres
1998 Built
3 Garage

About This Property

Value on Lake Austin. 4511 Island Cove is a remarkable waterfront estate set on over half an acre within The Island, one of Austin’s most coveted gated communities. An exquisite collaboration between Impact Design and Corias Homes, the residence features 5 bedrooms, 5 full bathrooms, and 1 half bath. A tranquil fountain welcomes you upon arrival, setting the tone for the Italian-inspired elegance found throughout the home. Ornate columns, graceful archways, and dramatic chandeliers create a sense of timeless sophistication. As you enter the home’s grand foyer you are welcomed by an esteemed double-height study adorned with rich wood finishes. The warm kitchen showcases wood-beamed ceilings, high-end stainless steel appliances, and a functional layout that opens to the main living area and dining room. Wine storage adds to the home’s entertaining appeal, while ample terraces and covered patios extend the living experience outdoors. The expansive primary suite serves as a private escape, featuring a double-sided fireplace, direct access to the backyard oasis, and a massive, spa-like bathroom. Outdoors, the serene grounds unfold toward the water, offering peaceful covered patios and multiple spaces to relax or entertain. A private hydraulic boat slip provides effortless access to Lake Austin living. Residents enjoy privacy, security, and a premier waterfront lifestyle just moments from downtown Austin. This exceptional property blends timeless architecture, thoughtful craftsmanship, and an unparalleled location to create a truly special retreat on the water. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

Property Highlights

Pool Heated, In Ground, Pool/Spa Combo

Features

  • Bidet
  • Bookcases
  • Breakfast Bar
  • Built-in Features
  • Ceiling Fan(s)
  • Beamed Ceilings
  • Cathedral Ceiling(s)
  • High Ceilings
  • Chandelier
  • Granite Counters
  • Double Vanity
  • Entrance Foyer
  • French Doors
  • Kitchen Island
  • Multiple Living Areas
  • Natural Woodwork
  • Pantry
  • Primary Bedroom on Main
  • Soaking Tub
  • Walk-In Closet(s)
  • Wet Bar

Location

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Schools

School District Austin ISD
Elementary Highland Park
Middle School Lamar (Austin ISD)
High School McCallum

Property Details

Property Type Residential
Flooring Carpet, Stone, Wood
Cooling Ceiling Fan(s), Central Air
Heating Central
Exterior Boat Dock - Private, Boat Slip
County Travis
MLS # 5733678

Parking

Garage 3 spaces

HOA & Community

HOA Fee $3,000 /Annually
HOA Includes See Remarks

Tax Information

Annual Taxes $106,696 (2025)

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* Estimate only. Does not include HOA fees, PMI, or other costs.
This property has HOA fees of $3,000/annually.

Listing History

MLS# 5733678 - Updated Feb 27, 2026 44 days (1538 CDOM)
Feb 18, 2026 Price Change $5,650,000
Dec 17, 2025 Listed Listing Courtesy of Moreland Properties - eric@​moreland.com $5,950,000

Frequently Asked Questions About 4511 Island CV, Austin TX 78731

When was 4511 Island CV, Austin TX 78731 built?

4511 Island CV, Austin TX 78731 was built in 1998.

How much does 4511 Island CV, Austin TX 78731 cost?

4511 Island CV, Austin TX 78731 is listed for sale at $5,650,000. That is $728 per square foot.

How many bedrooms and bathrooms does 4511 Island CV, Austin TX 78731 have?

4511 Island CV, Austin TX 78731 has 5 bedrooms and 6 bathrooms (5 full, 1 half) with 7,760 square feet of living space.

What school district is 4511 Island CV, Austin TX 78731 in?

4511 Island CV, Austin TX 78731 is in the Austin ISD school district. Assigned schools include Highland Park (elementary), Lamar (Austin ISD) (middle), McCallum (high school).

Does 4511 Island CV, Austin TX 78731 have an HOA?

Yes, 4511 Island CV, Austin TX 78731 has an HOA fee of $3,000 per annually. The HOA includes see remarks.

What are the property taxes on 4511 Island CV, Austin TX 78731?

The annual property taxes on 4511 Island CV, Austin TX 78731 are $106,696 (as of 2025).

How big is the lot at 4511 Island CV, Austin TX 78731?

The lot at 4511 Island CV, Austin TX 78731 is 0.5258 acres, and the home has 7,760 square feet of living space.

What type of property is 4511 Island CV, Austin TX 78731?

4511 Island CV, Austin TX 78731 is a residential property.

Does 4511 Island CV, Austin TX 78731 have a garage?

Yes, 4511 Island CV, Austin TX 78731 has a 3-car garage.

Does 4511 Island CV, Austin TX 78731 have a pool?

Yes, 4511 Island CV, Austin TX 78731 has a pool. Pool features include heated, in ground, pool/spa combo.

What subdivision is 4511 Island CV, Austin TX 78731 in?

4511 Island CV, Austin TX 78731 is located in the ISLAND AT MT BONNELL SHORES subdivision in Austin, TX.

How long was 4511 Island CV, Austin TX 78731 on the market?

4511 Island CV, Austin TX 78731 was on the market for 44 days, listed on December 17, 2025.

What heating and cooling does 4511 Island CV, Austin TX 78731 have?

4511 Island CV, Austin TX 78731 has central heating and ceiling fan(s), central air cooling.

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