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.
Listing Provided Courtesy of Moreland Properties
Property Details
Price:
$5,250,000
MLS #:
5733678
Status:
Active
Beds:
5
Baths:
5.5
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
ISLAND AT MT BONNELL SHORES
Listed Date:
Dec 17, 2025
Finished Sq Ft:
7,760
Lot Size:
22,904 sqft / 0.53 acres (approx)
Year Built:
1998
See this Listing
Schools
School District:
Austin ISD
Elementary School:
Highland Park
Middle School:
Lamar (Austin ISD)
High School:
McCallum
Interior
Appliances
Built-In Oven(s), Dishwasher, Disposal, Freezer, Microwave, Double Oven, Refrigerator, Wine Refrigerator
Bathrooms
5 Full Bathrooms, 1 Half Bathroom
Cooling
Ceiling Fan(s), Central Air
Fireplaces Total
2
Flooring
Carpet, Stone, Wood
Heating
Central
Exterior
Community Features
Gated, See Remarks
Exterior Features
Boat Dock – Private, Boat Slip
Other Structures
Pergola
Parking Features
Attached, Garage, Gated
Roof
Tile
Financial
HOA Fee
$3,000
HOA Frequency
Annually
HOA Includes
See Remarks
HOA Name
Island at Mount Bonnell Shores
Taxes
$106,696
Map
Community
- Address4511 Island CV Austin TX
- SubdivisionISLAND AT MT BONNELL SHORES
- CityAustin
- CountyTravis
- Zip Code78731
Market Summary
Current real estate data for Single Family in Austin as of Mar 06, 2026
3,120
Single Family Listed
93
Avg DOM
400
Avg $ / SqFt
$1,057,679
Avg List Price
Property Summary
- Located in the ISLAND AT MT BONNELL SHORES subdivision, 4511 Island CV Austin TX is a Single Family for sale in Austin, TX, 78731. It is listed for $5,250,000 and features 5 beds, 6 baths, and has approximately 7,760 square feet of living space, and was originally constructed in 1998. The current price per square foot is $677. The average price per square foot for Single Family listings in Austin is $400. The average listing price for Single Family in Austin is $1,057,679. To schedule a showing of MLS#5733678 at 4511 Island CV in Austin, TX, contact your Ensor & Co., Realtors agent at 512-640-9277.
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