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$6,824,390

4705 & 4709 Island CV, Austin, TX, 78731

Off MarketInfo
Beds5 Beds
Baths6 Bath
Baths10,227 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,760.05 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Dishwasher, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Wine Refrigerator
FlooringCarpet, Stone, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesDock, Private Yard
Lot Size1.12 acres

Building Information

Year Built1999
Stories3
Roof Type104
Garage Spaces6

Land Information

APN01290705020000
Lot Number3-A
SubdivisionIsland At Mt Bonnell Shores The
Land UseResidential
Legal DescriptionLOT 3-A BLK B ISLAND AT MT BONNELL SHORES THE 2ND AMD PLAT LTS 6A THRU 11A& 2ND AMD PLAT LT 2-A & LTS 3-5
Census Tract000102
Assessed Land Value$4,118,580
Assessed Improvement Value$3,635,703
Assessment Year2025

About this property

Stunning main house at 4705 Island Cove and adjacent 2.13-acre lot at 4709 Island Cove on Lake Austin offers an unparalleled opportunity for luxurious waterfront living. 4705 Island Cove is nestled on a privately gated 1.1-acre lot within The Island, an exclusive waterfront community inside the 360 Bridge, this modern masterpiece was meticulously updated by Britt Design Group to create a home designed for entertaining. The main level also features formal and informal dining areas, a chef's kitchen with a walk-in freezer, discreet catering kitchen, and a lounge with a walk-in humidor to socialize after dinner with friends and family. The primary suite is a serene retreat and offers a dedicated sitting area, dual walk-in closets, a backlit White Patagonia granite shower in the spa-like bathroom, heated floors and towel rack, plus a flexible living area that rounds out the wing. Throughout the home, eight living spaces, including a game room and a lower-level pool lounge, provide endless opportunities to host intimate gatherings or grand events. Outdoors, the luxurious amenities continue with an expansive pool, hot tub, swim-up bar, and a fully equipped outdoor kitchen. The home is complete with three guest rooms, a lower-level kitchenette, saferoom, three-car garage and 2-slip boat garage. 4709 Island Cove, is a 2.13-acre tree-dotted lot that offers the option for future expansion or can be maintained as a peaceful green space, providing additional privacy and room to enhance the already impressive estate. *A separate offering of 4705 Island Cove, 4709 Island Cove, and 4400 Island Avenue combined is listed for $25,500,000. Together, these three tracts offer +/- 4.85 acres and +/- 450 feet of Lake Austin waterfront. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified. 24-Hour Advanced Showing Notice.

Investor Tools

Property Icon
$6,824,390
Estimated Property Value
$0Estimated Mortgage Balance
$3,922,316Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$108,000 /month
Positive
Cash Flow Estimate:
$36,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$12,043/month
$3,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$110,399
$6,824,390
2025
$4,118,580
$3,635,703
$7,754,283
No

Tax History

Year
Tax Paid
Assessed Value
2024
$110,399
$6,824,390

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$3,525,000
No
First
Oct 10, 2017
Nov 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,902,074
$3,922,316
57%
43%
$21,135/mo

Learn About the Market: Opportunity in Austin

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Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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4705 & 4709 Island CV | Property Details | No Agent List