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.
Listed by Eric Moreland
·
License #449345
·
Moreland Properties
·
(512) 480-0848
Listed by Stewart Shank
·
License #598031
·
Moreland Properties
Last updated December 18, 2025
·
Source: ACTRIS #5733678
Listing Facts
TypeSingle-family
NeighborhoodHighland Park West
Bedrooms5
Bathrooms6
Days on Prevu44
HOA/Maint. Fees$3,000/annual
Taxes$106,695.52/year
Size7,760 sqft
Price per sqft$767
Amenities
Dishwasher
Private Outdoor Space
Air Conditioning
Parking
Swimming Pool
Location
Mortgage Calculator
Listing History
12/17/2025
Listed by Moreland Properties
$5,950,000
Property Details for 4511 Island CV
Association
Amenities
Community Features: Gated, See Remarks
Fees
Association Fee: $3,000.00 Annually
Association Fee Includes: See Remarks
General
Association Name: Island At Mount Bonnell Shores
Exterior
Construction
Property Condition: Resale
Roof: Tile
Window Features: Window Treatments
Year Built: 1998
Builder Name: Corias Homes
Construction Materials: Stone, Stone Veneer, Stucco
Exterior Features: Boat Dock - Private, Boat Slip
Features
Direction Faces: SW
Fencing: Fenced, Wrought Iron
Other Structures: Pergola
Patio And Porch Features: Covered, Deck, Patio, Terrace
Interior 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
Spa Features: In Ground
Measurements
Living Area: 7,760
Living Area Source: Public Records
Rooms
Bathrooms Full: 5
Bathrooms Half: 1
Bathrooms Total Integer: 6
Bedrooms Total: 5
Main Level Bedrooms: 1
Other
Location
Subdivision Name: ISLAND AT MT BONNELL SHORES
Tax Block: B
Tax Lot: 9-A-2
Water Body Name: Lake Austin
Parking
Parking
Attached Garage: Yes
Covered Spaces: 3
Garage Spaces: 3
Garage: Yes
Parking Features: Attached, Garage, Gated
Parking Total: 5
Schools
Elementary School
Elementary School: Highland Park
Elementary School District: Austin ISD
High School
High School: Mc Callum
High School District: Austin ISD
Middle or Junior School
Middle Or Junior School: Lamar (Austin ISD)
Middle Or Junior School District: Austin ISD
Utilities
Equipment
Cooling: Ceiling Fan(s), Central Air
Heating: Central
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this single-family home have?
There are 5 bedrooms and 6 bathrooms in this single-family home at 4511 Island CV.
What schools are nearby to 4511 Island CV?
Nearby schools include the Highland Park Elementary School, Lamar (Austin ISD) Middle School, and Mc Callum High School.
Does this single-family home have parking?
Yes, there are 3 parking spaces available for 4511 Island CV.
What are the annual taxes for 4511 Island CV?
Annual taxes for this single-family home are estimated at $106,695.
How does 4511 Island CV compare to other single-family homes in Highland Park West?
This single-family home is listed 14% above the average price for single-family homes in Highland Park West and has been on the market for 28 less days than the typical home in this area.
What building or home owners association is the single-family home part of?
This single-family home is part of the Island At Mount Bonnell Shores home owners association.
What is the square footage on this single-family home?
According to the MLS, this listing is 7,760 sqft.
4511 Island CV is a 5-bedroom, 6-bath single-family home for sale in Austin TX 78731. Listed on Prevu for 44 days at $5,950,000. This home features 7,760 square feet of living space, located in Highland Park West. The median listing price for single-family homes in this area is $1,072,500. Nearby schools include Highland Park Elementary School, Lamar (Austin ISD) Middle School, and Mc Callum High School. The home offers private outdoor space, dishwasher, air conditioning, parking, and swimming pool. View other single-family home listings in Austin.
Based on information from ACTRIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.