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$6,995,000

Beds
5
Baths
5.5
sq ft
7,755

4511 Island Cv, Austin, TX 78731

4511 Island Cv

Austin, TX 78731

  • 275 days on market
    • Price drop $480,000↓
Welcome to The Venetian on Lake Austin! https://www.thevenetianonlakeaustin.com Exquisite grace and grandeur hallmark this softly remodeled magnificent home, beautifully preserving its authentic original details and offering 7,500+ square feet on two floors, including five principal bedrooms, an office, and five full and one-half baths. A masterpiece of craftsmanship, this home is light-filled and accented by soaring ceilings, walls of windows, and expansive outdoor living with idyllic water views. Truly a work of art, The Venetian of Lake Austin is sure to ignite the senses. The double-lot property offers over 180 feet of Lake Austin Waterfront, a single boat slip dock, and an additional boat slip for guests to dock their boats. Experience quiet moments of contemplation in the fresh air, private dinners al fresco, or gently stroll through the grounds reminiscent of an Italian garden! The grand entertaining and everyday living spaces are equally at home in this elegant residence that bespoke a sense of tranquility and serenity. The property has a rich and storied history. It was designed to capture the essence of the Italian Renaissance era by Impact Design and built by Keith Schoenfelt of Corias Homes. His inspiration for the home was that it would stand the test of time, both functionally and structurally. The flow of rooms in this residence, each one with its poetic character and exquisite designs, make this home a work of art. The formal living room encompasses an ample space with abundant natural light, creating a unique sensation of comfort and wellbeing. Come discover the magic of what The Venetian on Lake Austin has to offer.

Details

Property type

Single Family Residence

Est. home value

$7,286,624

Lot size

0.53 acres

Price per sq ft

$902

Year built

1998

Annual property taxes

$85,921

HOA fee

$2,400

Price History

11/12/2024
Austin

Austin #4909100

Price change
$6,995,000
-6.42%
03/22/2024
Austin

Austin #4909100

Listed
$7,475,000

Schools & Community

Elementary school: 

Highland Park

Middle school: 

Lamar (Austin ISD)

High school: 

McCallum

Community features: 

Curbs, Gated

High school district: 

Austin ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Plainscapital Bank

Loan start date

March 2021

Original loan amount

$2,500,000

Est. remaining balance

Not provided

Interest rate

2.73%

Loan type

Commercial, 3 year

Seller

A O K Enterprises Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 3:20 PM

Listing updated: 11/12/2024 at 11:47 AM

Listed by: Bridget Ramey, Kuper Sotheby's Int'l Realty Phone #: (512) 831-6577

MLS: Austin #4909100

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