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Off market
  • $4,549,600

    4511 Island Cv, Austin, TX 78731

    5beds
    7,755sqft
    Single Family Residence
    Built in 1998
    0.53 Acres Lot
    $4,549,600 Zestimate®
    $587/sqft
    $32,616 Estimated rent

    Home value

    $4,549,600

    $4.32M - $4.78M

    $32,616/mo

    Zestimate® history
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    $32,616/mo

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    $24,770/mo

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    $24,770/mo

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    What's special

    Where timeless architecture meets the tranquility of Lake Austin—welcome to The Venetian, a waterfront estate that evokes the grace and romance of the Italian Renaissance. Designed by Impact Design and masterfully built by Keith Schoenfelt of Corias Homes, this 7,755-square-foot residence sits on over half an acre with more than 180 feet of Lake Austin frontage, offering two boat slips—one private and one for guests. The home's craftsmanship and scale are rare to find today, blending elegant proportion with enduring structure. From the moment you enter, you're surrounded by exquisite detailing: soaring ceilings, intricate millwork, and walls of windows that fill the home with natural light. Formal and casual living spaces flow seamlessly, each designed with a sense of poetic rhythm and refined character. Whether you're hosting on a grand scale or enjoying quiet moments on the lakefront terrace, every space invites connection and contemplation. Outdoors, the grounds feel like a living painting—lush, terraced gardens inspired by Italian tradition, perfect for al fresco dining, slow strolls, or simply watching the sun dance on the water. With five generously appointed bedrooms, a stately office, and multiple living and dining areas, the home accommodates both everyday life and exceptional entertaining with ease. Its thoughtful layout and authentic preservation of character make it a true work of art—a lakefront legacy in the making.

    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.

    Zillow last checked:

    Source: Kuper Sotheby's International Realty,MLS#: 4909100

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 6
    • Full bathrooms: 5
    • 1/2 bathrooms: 1
    Cooling
    • Has cooling: Yes
    Features
    • Flooring: Tile, Hardwood
    • Has basement: No
    Interior area
    • Total structure area: 7,755
    • Total interior livable area: 7,755 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Attached Garage
    • Has attached garage: Yes
    Features
    • Spa features: Bath
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Waterfront
    Lot
    • Size: 0.53 Acres
    Details
    • Parcel number: 423140

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Stone, Stucco
    Condition
    • Year built: 1998
    • Major remodel year: 1998

    Community & neighborhood

    Location
    • Region: Austin

    Price history

    DateEventPrice
    5/4/2026Listing removed$4,990,000$643/sqft
    Source: Unlock MLS #5733678 Report a problem
    4/28/2026Contingent$4,990,000$643/sqft
    Source: Unlock MLS #5733678 Report a problem
    4/2/2026Price change$4,990,000-5%$643/sqft
    Source: Unlock MLS #5733678 Report a problem
    2/26/2026Listed for sale$5,250,000$677/sqft
    Source: Unlock MLS #5733678 Report a problem
    2/21/2026Contingent$5,250,000$677/sqft
    Source: Unlock MLS #5733678 Report a problem
    2/21/2026Pending sale$5,250,000$677/sqft
    Source: Unlock MLS #5733678 Report a problem
    2/18/2026Price change$5,250,000-7.1%$677/sqft
    Source: Unlock MLS #5733678 Report a problem
    1/30/2026Price change$5,650,000-5%$729/sqft
    Source: Unlock MLS #5733678 Report a problem
    12/17/2025Listed for sale$5,950,000-8.4%$767/sqft
    Source: Unlock MLS #5733678 Report a problem
    12/17/2025Listing removed$6,495,000$838/sqft
    Source: Unlock MLS #4909100 Report a problem
    6/13/2025Price change$6,495,000-3.7%$838/sqft
    Source: Unlock MLS #4909100 Report a problem
    5/8/2025Price change$6,745,000-0.1%$870/sqft
    Source: Unlock MLS #4909100 Report a problem
    2/25/2025Price change$6,750,000-3.5%$870/sqft
    Source: Unlock MLS #4909100 Report a problem
    11/12/2024Price change$6,995,000-6.4%$902/sqft
    Source: Unlock MLS #4909100 Report a problem
    3/22/2024Listed for sale$7,475,000$964/sqft
    Source: Unlock MLS #4909100 Report a problem
    1/1/2024Listing removed--
    Source: Unlock MLS #2782561 Report a problem
    1/27/2023Price change$7,475,000-0.3%$964/sqft
    Source: Unlock MLS #2782561 Report a problem
    8/3/2021Listed for sale$7,500,000+42.9%$967/sqft
    Source: Unlock MLS #9138229 Report a problem
    4/1/2021Listing removed--
    Source: Unlock MLS #2748861 Report a problem
    1/29/2021Listed for sale$5,250,000$677/sqft
    Source: Unlock MLS #2748861 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$106,696 +2.5%$5,213,599 -0.7%
    2024$104,045 +21.1%$5,250,000 +10.5%
    2023$85,921 -13%$4,749,000 -19.9%
    2022$98,746 $5,931,716 +38.4%
    2021-- $4,286,282 +10%
    2020$80,592 +4.9%$3,896,620
    2019$76,850 +11.9%$3,896,620 +11.4%
    2018$68,680 $3,498,021 +5.6%
    2017$68,680 -7.8%$3,312,875 -0.8%
    2016$74,473 $3,341,095 -3.2%
    2015$74,473 $3,452,100 -1.6%
    2014$74,473 $3,509,000 +10%
    2013-- $3,190,000 +10%
    2012-- $2,900,000 -3.3%
    2011-- $3,000,000 -11.3%
    2010-- $3,381,693 +10%
    2009-- $3,074,266 -0.9%
    2008-- $3,102,065 +10%
    2007-- $2,820,059 +6.6%
    2006-- $2,646,444 +10%
    2005-- $2,405,858 -26.4%
    2002$78,728 $3,270,000

    Find assessor info on the county website

    Neighborhood: Highland Park

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $4,549,600
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    Estimated market value
    $4,549,600