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Crystal Olenbush

512-344-6000
  • 4511 Island Cove

  • $5,950,000
  • 5 Beds, 6 Bath, 7760 SQ. Feet, 0.53 Acres Residential Austin, TX 78731

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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Essential Information

  • MLS® #5733678
  • Price$5,950,000
  • Bedrooms5
  • Bathrooms6.00
  • Full Baths5
  • Half Baths1
  • Square Footage7,760
  • Acres0.53
  • Year Built1998
  • TypeResidential
  • Sub-TypeSingle Family Residence
  • StatusActive

Community Information

  • Address4511 Island Cove
  • SubdivisionISLAND AT MT BONNELL SHORES
  • CityAustin
  • CountyTravis
  • StateTX
  • Zip Code78731

Amenities

  • FeaturesGated, See Remarks
  • ParkingAttached, Garage, Gated
  • # of Garages3
  • ViewLake, River
  • Is WaterfrontYes
  • WaterfrontLake Front
  • Has PoolYes

Utilities

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Interior

  • InteriorCarpet, Stone, Wood
  • HeatingCentral
  • CoolingCentral Air, Ceiling Fan(s)
  • FireplaceYes
  • # of Fireplaces2
  • FireplacesFamily Room, Primary Bedroom
  • # of Stories2
  • StoriesTwo

Appliances

Built-In Oven, Double Oven, Dishwasher, Disposal, Microwave, Refrigerator, Wine Refrigerator, Freezer

Exterior

  • Exterior FeaturesBoat Slip, Dock
  • Lot DescriptionBack Yard, Level
  • WindowsWindow Treatments
  • RoofTile
  • ConstructionStone, Stone Veneer, Stucco
  • FoundationSlab

School Information

  • DistrictAustin ISD
  • ElementaryHighland Park
  • MiddleLamar (Austin ISD)
  • HighMcCallum

Map & Directions

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Property Listed by: Moreland Properties

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from January 22nd, 2026 at 3:45am CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.