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Off market
  • $9,187,000

    4501 Island Cv, Austin, TX 78731

    5beds
    11,774sqft
    SingleFamily
    Built in 2009
    0.51 Acres Lot
    $9,187,000 Zestimate®
    $780/sqft
    $7,387 Estimated rent

    Home value

    $9,187,000

    $7.81M - $10.75M

    $7,387/mo

    Zestimate® history
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    Rent Zestimate®

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    $59,980/mo

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    $59,980/mo

    Est. payment

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    What's special

    This magnificent estate inspired by the historic Venetian villas that line the Grand Canal was exquisitely crafted along nearly two hundred feet of Lake Austin waterfront. The meticulously maintained grounds of this property are set on a premium half-acre in the prestigious gated, waterfront community, the Island at Mount Bonnell Shores. Slightly under 12,000 feet, this home offers opulent Austin living, fit for an Italian aristocrat!The stunning entry to the home welcomes you with a circular brick walkway around a majestic fountain, flanked by a private gardens and lined with beautifully manicured rose bushes, shrubs and stone benches. The stone arches seen throughout the villa and authentic golden stucco offers a dramatic exterior façade. Step through the doorway, onto a mosaic floor masterpiece in the front foyer, then into the formal living and dining areas, impressive for grand entertaining. The entire home offers views of the exquisite infinity pool and spa, overlooking the serene canal.Artistic features include vaulted groined ceilings, marble floors and columns, custom Murano glass chandeliers, Grottesca style hand painted panels and doors, built-in china cabinets, imported doors and windows from Italy, Italian iron railings and hardware, hand painted frescos and fine crafted wood details and finishes.Down the corridor, past the stately wood-trimmed study, are his and her offices with their own private sitting area. The master suite offers a cozy living space and an authentic wood-beamed and paneled ceiling. Opposite of the striking arch is the focal point of the room, a grand stone fireplace with French doors leading you to an outdoor courtyard and gardens. Entering through the double doors into the master bath, you immediately see the detailed mosaic spa with double arches which is a duel entry into a walk-in shower. The side wall opens to yet another private courtyard with an Italian fountain and lush greenery, bringing the outside in. His and her vanities with separate water closets, workout room, breakfast bar and two large walk-in closets complete this space.The gourmet kitchen is complete with five full commercial work spaces and the finest appliances, seamlessly integrated with the Venetian artistry. A hidden walk-in pantry is built into the custom cabinetry, and the generous family room looks over one of the covered terraces that surround this phenomenal estate. Entertainment is made easy with a full wet bar and wine room to house your fine Italian wine collection.Up the grand curved stone staircase accompanied by stunningly crafted wrought iron railing, you will find yourself on the property's second level with additional sleeping and living space. This area offers an additional three suites, half bath, a library, a large game room with full wet bar and a storage room.Experience the most luxurious outdoor living that Austin has to offer with an infinity pool and spa, which are brought to life with intricate waterworks and exceptional lighting. Chose one of many covered terraces on either of the two levels for outdoor living space, perfect for alfresco dining. There is also an outdoor kitchen tucked within a two story courtyard reminiscent of the old world, that leads you to a one bedroom guest casita with full amenities. Imagine riding a gondola through the canals of Venice as you make your way to Lake Austin by boat, all made possible with the two private enclosed boat slips. And if that isn't enough, sip champagne on your own private Bellini terrace overlooking the waterway during sunset.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 8
    • Full bathrooms: 6
    • 1/2 bathrooms: 2
    Heating
    • Forced air, Electric, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Wet Bar, Pantry, Cedar Closet(s), Central Vacuum, Recessed Lighting, Beamed Ceilings, Storage, Built-in Features, Bookcases, Wired for Sound, Library, Butler Pantry, Office/Study, Wired for Stereo, Family, Exercise, Formal Living, Game
    • Flooring: Hardwood
    • Windows: Window Treatments
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 11,774 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage - Attached, Garage - Detached
    Features
    • Entry level: 1
    • Patio & porch: Patio, Covered
    • Exterior features: Stone, Stucco, Brick
    • Has spa: Yes
    • Waterfront features: Canal (Man Made)
    Lot
    • Size: 0.51 Acres
    • Features: Level, Corner Lot
    • Residential vegetation: Trees(Large (Over 40 Ft), Medium (20 Ft - 40 Ft))
    Details
    • Parcel number: 474418

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Foundation: Slab
    • Roof: Tile
    Condition
    • Year built: 2009

    Utilities & green energy

    • Utilities for property: Natural Gas Connected, Electricity Connected, Phone Connected, Internet-Cable

    Community & neighborhood

    Security
    • Security features: Security System Owned, Prewired
    Location
    • Region: Austin

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $200 monthly

    Other

    Other facts
    • Flooring: Wood, Stone, Marble
    • Roof: Tile
    • Appliances: Dishwasher, Refrigerator, Disposal, Gas Cooktop, Double Oven, Dryer, Microwave, Washer, Ice Maker, Wine Refrigerator, Built-in Coffee Machine
    • AssociationYN: true
    • FireplaceYN: true
    • GarageYN: true
    • InteriorFeatures: Wet Bar, Pantry, Cedar Closet(s), Central Vacuum, Recessed Lighting, Beamed Ceilings, Storage, Built-in Features, Bookcases, Wired for Sound, Library, Butler Pantry, Office/Study, Wired for Stereo, Family, Exercise, Formal Living, Game
    • AttachedGarageYN: true
    • HeatingYN: true
    • Utilities: Natural Gas Connected, Electricity Connected, Phone Connected, Internet-Cable
    • CoolingYN: true
    • PatioAndPorchFeatures: Patio, Covered
    • ExteriorFeatures: Dock, Garden, Water Feature, Rain Gutters, Barbecue, Balcony-Covered, Balcony-Uncovered
    • ConstructionMaterials: Stucco, Stone Veneer, Frame/Brick
    • LotFeatures: Level, Corner Lot
    • FireplacesTotal: 5
    • ElectricOnPropertyYN: True
    • PoolPrivateYN: True
    • EntryLevel: 1
    • ParkingFeatures: Attached, Detached, Door-Multi, Entry-Swing-In
    • CoveredSpaces: 4
    • RoadFrontageType: Private Road
    • Cooling: Central Air
    • Heating: Central
    • WindowFeatures: Window Treatments
    • RoomKitchenFeatures: Kitchen Island, Breakfast Bar, Breakfast Area, Walk-In Pantry, Open to Family Room, Granite/Marble Counters
    • SecurityFeatures: Security System Owned, Prewired
    • MlsStatus: Pending - Taking Backups
    • Vegetation: Trees(Large (Over 40 Ft), Medium (20 Ft - 40 Ft))
    • WaterfrontFeatures: Canal (Man Made)

    Price history

    DateEventPrice
    7/29/2020Listing removed$6,745,000$573/sqft
    Source: Kuper Sotheby's International Realty #3551192 Report a problem
    7/2/2020Pending sale$6,745,000$573/sqft
    Source: Kuper Sotheby's International Realty #3551192 Report a problem
    5/11/2020Price change$6,745,000-3.6%$573/sqft
    Source: Kuper Sotheby's Itl Rlty #3551192 Report a problem
    2/6/2020Price change$6,995,000-7.9%$594/sqft
    Source: Kuper Sotheby's International Realty #9131972 Report a problem
    3/9/2019Listed for sale$7,595,000-2.6%$645/sqft
    Source: Kuper Sotheby's International Realty #9131972 Report a problem
    11/2/2018Listing removed$7,795,000$662/sqft
    Source: Kuper Sotheby's International Realty #9131972 Report a problem
    3/5/2018Price change$7,795,000-13.3%$662/sqft
    Source: Kuper Sotheby's International Realty #9131972 Report a problem
    5/2/2017Listed for sale$8,995,000$764/sqft
    Source: Kuper Sotheby's International Realty #9131972 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$123,236 +7.6%$8,601,587 +10%
    2024$114,540 +9%$7,819,625 +10%
    2023$105,082 -6.3%$7,108,750 +10%
    2022$112,140 $6,462,500 +5.9%
    2021-- $6,100,566 +25.8%
    2020$86,392 -1.4%$4,850,000 -11.4%
    2019$87,639 $5,475,783 +1.3%
    2018-- $5,403,262 +10%
    2017-- $4,912,056 +10%
    2016$83,308 $4,465,505 +10%
    2015$83,308 $4,059,550 +10%
    2014$83,308 $3,690,500 +10%
    2013-- $3,355,000 +10%
    2012-- $3,050,000 -7.6%
    2011-- $3,300,000 +10%
    2010-- $3,000,000 -13.6%
    2009-- $3,472,754 +122.4%
    2008-- $1,561,291

    Find assessor info on the county website

    Neighborhood: Highland Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Highland Park (Austin ISD)
    • Middle: Lamar (Austin ISD)
    • High: McCallum
    • District: Austin ISD

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $9,187,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $9,187,000