Date
Details
Price
Change
Source
12/17/2025
Listed
$5,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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.
Full Property Details
Full Property Details for 4511 Island Cove
General
- Price: $5,950,000
- HOA FEE: $250/month
- HOA FEE FREQ.: Annually
- Taxes: $106,695 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 5733678
- Updated: 12/17/2025
- Added to Site: 32 day(s) ago
Interior
- Interior Features: Beamed Ceilings, Wet Bar, Breakfast Bar, Bookcases, Bidet, Built-in Features, Open Beams/Beamed Ceailings, Ceiling Fan(s), Chandelier, Cathedral Ceiling(s), Double Vanity, Entrance Foyer, French Door(s)/Atrium Door(s), Granite Counters, High Ceilings, Kitchen Island, Multiple Living Areas, Main Level Primary, Multiple Closets, Pantry, Soaking Tub
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Family Room, Primary Bedroom
- Appliances: Built-In Oven, Double Oven, Dishwasher, Freezer, Disposal, Microwave, Refrigerator, Wine Refrigerator
- Flooring: Carpet, Stone, Wood
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 5
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
- Bedrooms Main: 1
Other Rooms
- Laundry: Main Level, Laundry Room
Additional Information
- Shared Amenities: Gated, See Remarks
- Pool: Yes
- Private Pool: Yes
- Pool Description: Heated, In Ground, Pool/Spa Combo
- Spa: Yes
- Spa Description: In Ground
- Security/Safety: Security System, Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior
- Exterior Features: Boat Slip, Dock
- Porch/Patio/Deck: Covered, Deck, Patio, Terrace
Parking
- Garage: Yes
- Garage Spaces: 3
- Covered Spaces: 3
- Total Spaces: 5
- Parking Features: Attached, Garage, Gated
Location
- Area: 1B
- County: Travis
- Subdivision: ISLAND AT MT BONNELL SHORES
- Driving Directions: Take Mt. Bonnell Road to Island Cove's gated entrance.
- Direction Faces: Southwest
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Highland Park
- Middle School: Lamar (Austin ISD)
- High School: McCallum
Community
- Gated community: Yes
- Association: Yes
- Assoc. Name: Island at Mount Bonnell Shores
- Assoc. Fees Include: See Remarks
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Builder: Corias Homes
- Construction: Stone, Stone Veneer, Stucco
- Roof: Tile
- Windows: Window Treatments
- Stories/Levels: 2
- Square Feet: 7,760
- Sq. Ft. Source: Public Records
- Living Area: 7,760 Sq. Ft.
- Year Built: 1998
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: Pergola
Lot Features
- Property View: Lake, River
- Lot Size (Acres): 0.5258
- Lot Size (Sq. Ft.): 22,903.85
- Fence: Yes
- Lot Features: Back Yard, Level
- Fencing (Description): Fenced, Wrought Iron
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lake Austin
- Water Front Desc.: Lake Front
- Lake Front: Yes
Financial Considerations
- Association Fee: $3,000
- Assoc Fee Freq.: Annually
- Assessment Amount: $5,213,599
- Tax Amount: $106,695.52
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Survey
- Legal Description: LOT 9-A-2 BLK B ISLAND AT MT BONNELL SHORES THE 2ND AMD PLAT LTS 6A THRU 11A& 2ND AMD PLAT LT 2-A & LTS 3&5
- Disclosures/Reports: None
- Property ID: 1290705130000
- Block: B
- Lot Number: 9-A-2
Listed by Moreland Properties
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Listing agents
— 4511 Island Cove —
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(512) 480-0848
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Schools
Schools serving 4511 Island Cove
School District:Austin Independent School District
| Name | Grades | Distance |
|---|---|---|
Highland Park Elementary School, Austin, TX 4900 Fairview Drive, Austin, TX 78731 | K-5 | 1.1 mi |
Lamar Middle School, Austin, TX 6201 Wynona Avenue, Austin, TX 78757 | 6-8 | 2.3 mi |
Mccallum High School 5600 Sunshine Drive, Austin, TX 78756 | 9-12 | 3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4511 Island Cove
Tax History
Tax History for 4511 Island Cove
Year
Property Taxes
Change
Tax Assessment
Change
2024
$104,045
—
$5,213,599
-1%
2024
$104,045
5%
$5,250,000
11%
2022
$98,746
—
$4,749,000
-5%
2022
$98,746
17%
$5,000,000
17%
2021
$84,328
-3%
$4,286,282
10%
2020
$86,765
4%
$3,896,620
1%
2020
$83,577
9%
$3,847,823
10%
2018
$76,835
3%
$3,498,021
6%
2016
$74,511
1%
$3,312,875
-1%
2017
$73,882
-11%
$3,341,095
-8%
2015
$83,348
6%
$3,630,000
3%
2013
$78,576
—
$3,509,000
10%
2013
$78,576
—
$3,190,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4511 Island Cove
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4511 Island Cove, Austin, TX 78731 (MLS# 5733678) is a Single Family property with 5 bedrooms, 5 full bathrooms and 1 partial bathroom. 4511 Island Cove is currently listed for $5,950,000 and was received on December 17, 2025. Want to learn more about 4511 Island Cove? Do you have questions about finding other Single Family real estate for sale in Central Austin? You can browse all Central Austin real estate or contact a Coldwell Banker agent to request more information.