Lake Travis Waterfront Estate
- Austin, TX
- $4,680,000
ABOUT
An unrivaled opportunity awaits on the picturesque, limestone shores of Lake Travis. Nestled along this stunning landscape, this legacy property offers a sanctuary of exclusivity and privacy featuring an impressive 300+ feet of prime, deep waterfront across 3.35 sprawling acres. This estate offers the perfect balance of serene natural beauty and metropolitan convenience.
Benefit from a coveted location just moments from the charming community of Lakeway, known for its world-class golf courses, marinas, and lakeside dining. Beyond local amenities, the location offers convenient access to the Austin Tech Corridor and a swift 25-minute drive to Downtown Austin, ensuring you are never far from the city's dynamic energy.
This is only the third time in 80 years that this historic compound has been available, giving it a unique place in Austin's history. The existing structures—a meticulously restored 1941 limestone cabin and a second historic home from the late 1800s—have been fully modernized while retaining their original historic charm. These structures, along with a newly designed guest cottage by Shiflet Group Architects, form an incredible family compound.
Immediate access to the deep waters of Lake Travis is ensured by a recently built boathouse with a 28-foot boat slip and lift. While the existing structures include a 3-car garage/barn, the expansive acreage easily accommodates parking for up to 10 vehicles—ideal for hosting large gatherings. Financially, the property offers a distinct advantage with an incredibly low property tax rate of 1.658%.
This offering presents the unparalleled freedom to custom-build your dream estate. Architectural plans from two of the most renowned firms, award-winning Lake Flato Architects and Shiflet Group Architects, will convey with the sale. This is your rare chance to acquire a private, multi-generational waterfront retreat with exceptional financial and locational benefits.
Total Bedrooms
Total Bathrooms
Lot Size
Garage Spaces
Explore
Lake Travis, the largest reservoir in Texas' Highland Lakes chain, boasts a surface area of 29.58 square miles and over 271 miles of shoreline. Created in 1940 by the Mansfield Dam for flood control and to supply Austin's water needs, it also serves as a regional electricity generator. This central Texas gem is renowned for its clear blue waters, scenic rolling hills, and limestone cliffs, making it a hotspot for real estate and recreation including boating, fishing, swimming, and hiking.
From multiple parks for picnicking and sunbathing to a range of marinas offering diverse boat rentals, Lake Travis is an outdoor enthusiast's dream. Whether you're in search of a tranquil day on the water or an action-packed weekend, Lake Travis real estate offers a variety of opportunities to live in proximity to these amenities.
Living and Recreation in Lake Travis
Lake Travis is a hub for outdoor recreation and waterfront living, making it a sought-after destination for real estate investment. Popular for boating, fishing, and a variety of water sports, the area is dotted with marinas and boat rental services for easy access to the water. Fishing enthusiasts will find largemouth bass, white bass, and catfish, with several fishing guides and charters available. The shoreline is also home to multiple parks like Emma Long Metropolitan Park and Pace Bend Park, featuring amenities such as beaches, trails, and picnic areas, adding value to Lake Travis real estate.
For those seeking a more leisurely lifestyle, Lake Travis doesn't disappoint. Nearby wineries and breweries offer a relaxing way to enjoy the scenic beauty, while a range of lakeside restaurants provide options from casual to fine dining. Other activities enhancing the area's real estate appeal include stand-up paddleboarding, kayaking, jet skiing, parasailing, scuba diving, and ziplining. Whether you're looking for an adventurous waterfront home or a tranquil retreat, Lake Travis has something for everyone.
Lake Travis Shopping Destinations
Lake Travis offers diverse shopping experiences, making it a dynamic location for real estate seekers who value both convenience and variety. The Oasis Texas Lakeside Outdoor Mall stands out as a go-to destination, boasting a waterfront location where patrons can indulge in picturesque views of Lake Travis while shopping at trendy boutiques and dining at select restaurants. For those seeking an expansive shopping experience, the Hill Country Galleria presents a mix of department stores, specialty shops, dining options, a movie theater, and even an ice skating rink. Beyond these malls, Lake Travis is home to unique boutiques like Adorn Boutique, Hill Country Cakery, and Farmer Dave's Farm Market, among others, as well as the charming Lakeway Village Square with its diverse range of shops and galleries. Investing in Lake Travis real estate not only provides scenic beauty but also places residents within reach of vibrant retail hubs.
Lake Travis School Overview
The Lake Travis Independent School District (LTISD) encompasses the educational heart of the Lake Travis area, boasting a reputation for academic distinction. With 11 institutions, including the nationally-ranked Lake Travis High School, students benefit from advanced coursework options like AP and IB, strong performing arts programs, and diverse athletic opportunities. Beyond LTISD, the Lake Travis vicinity is enriched by several sought-after private schools, including St. Andrew's Episcopal, Lake Travis Montessori, and The Oakwood School. Those considering real estate in the Lake Travis area are investing in a vibrant educational landscape, promising exceptional academic and extracurricular offerings for students.
Navigating Lake Travis Real Estate
In the scenic locale of Lake Travis, the real estate market thrives, shaped by its unique blend of natural attractions and a competitive housing landscape. As of August 2023, homes in Lake Travis have seen rapid turnovers, with a median sale price of $1.5M and an average market time of just 13 days. This competitiveness arises from Lake Travis being a magnet for tourists and second-home buyers coupled with its limited housing inventory, thanks to its surrounding mountains and public lands restricting development. Despite the competition, potential buyers, equipped with a mortgage pre-approval and collaboration with a seasoned real estate agent, can find rewarding opportunities. An expert realtor not only provides insights tailored to individual budgets and preferences but also aids in timely decision-making, a crucial aspect in Lake Travis's fast-paced market. For those considering buying or selling in Lake Travis, partnering with Eric Copper can pave the way for a successful real estate journey.
995198
Eric Copper provides exclusive access to luxury real estate across London, Austin, and Switzerland. With over 20 years of expertise, he delivers premier service, market insight, and discretion to high-net-worth clients worldwide.
Show more