4511 Island Cv Austin, TX $ 5,950,000
4511 Island Cv
$ 5,950,000
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4511 Island Cv

Austin, TX, 78731
$ 5,950,000
Bedrooms5 Baths5.1 Sq 7,760

Monthly Estimate*

$ 37,120

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Single Family Home for sale in Austin, TX

for $5,950,000 with 5 bedrooms and 5 full baths, 1 half bath. This 7,760 square foot home was built in 1998 on a lot size of 0.5258.

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.

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Single Family Active

Price

$ 5,950,000

Bedrooms

5

Full Bath

5

Half Bath

1

Property Type

Single Family

Taxes

$ 106,695

Style

Single Family Residence

Lot Size

0.5258

Year Built

1998

Town/City

Austin

County/Region

Travis

MLS | Web ID

5733678

Features
General
Living Area 7760
Sewer Public Sewer
Heating Central
Cooling Ceiling Fan(s) Central Air
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Roof Tile
Appliances Built-In Oven(s) Dishwasher Disposal Freezer Microwave Double Oven Refrigerator Wine Refrigerator
HOA Fee 3000
Garage Spaces 3
Association Fee Includes See Remarks
Patio/Porch Features Covered Deck Patio Terrace
Pool Features Heated In Ground Pool/Spa Combo
Security Features Carbon Monoxide Detector(s) Security System Smoke Detector(s)
Construction Materials Stone Stone Veneer Stucco
Year Built 1998
View Lake River
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Waterfront Features Lake Front
Community Features Gated See Remarks
Accessibility None
Assoc Fee Paid Per Annually
County Travis
New Construction N
Property Type Residential
HOA Y
Energy Efficient None
Subdivision Name ISLAND AT MT BONNELL SHORES
Facing Direction Southwest
Green Sustainability None
Other Structures Pergola
Full Baths 5
Status Active
Directions Take Mt. Bonnell Road to Island Cove's gated entrance.
High School McCallum
City Austin
Body of Water Lake Austin
Disclosures None
Association Name Island at Mount Bonnell Shores
MLS Area 1B
Lot Size Square Feet 22903.85
Spa Features In Ground
Elementary School Highland Park
Tax Annual Amount 106695.52
Middle/Junior High School Lamar (Austin ISD)
Property Condition Resale
Additional Parcels Y/N N
Builder Name Corias Homes
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 5213599
Virtual Tour https://4511islandcove.com/
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Interior
Interior Amenities Bidet Bookcases Breakfast Bar Built-in Features Ceiling Fan(s) Beamed Ceilings Cathedral Ceiling(s) Ceiling-High Chandelier Granite Counters Double Vanity Entrance Foyer Kitchen Island Multiple Livin
Flooring Carpet Stone Wood
Total Fireplaces 2
Fireplace Features Family Room Primary Bedroom
Window Features Window Treatments
Half Baths 1
Total Bedrooms 5
Main Level Bedrooms 1
Total Baths 6
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Exterior
Exterior Amenities Boat Dock - Private Boat Slip
Fencing Fenced Wrought Iron
Parking Features Attached Garage Gated
Lot Features Back Yard Level
Water Source Public
Total Parking 5
Foundation Details Slab
Lot Size Acres 0.5258
Waterfront Y/N Y
Covered Spaces 3
Horse Y/N N
Horse Amenities None
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Internal Only
Street Number 1 4511
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* Excluded Features
List By
Eric Moreland

Listing Agent

Moreland Properties

Broker

eric@moreland.com

Email

Affordability Calculator

$46,012
Per Month
81%
19%
0%
Monthly Principal & Interest
$37,120
Monthly Property Taxes
$8,891
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4360266 Elementary School
4360217 Middle School
McCallum High School High School
Pricing History
DatePricePrice ChangeDescription
12/17/2025$5,950,000 Listed Price

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4511 Island Cv, Austin, TX, 78731 is a Single Family Home for sale at $5,950,000 with 7,760 sqft and a lot size of 0.5258. 4511 Island Cv has 5 bedrooms, 5.1 baths, and was built in 1998. The property's zip code is 78731 which is in Austin, TX