
This stunning lock-and-leave modern farmhouse—designed by acclaimed architect Jeffrey Berkus as his personal retreat—rests in a secluded setting at the end of scenic Commons Ford Road, just steps from the property’s deeded boat dock with lift, storage locker, and tanning deck on the coveted waters of Lake Austin. The dock and slip alone—valued at over $1 million—underscore the extraordinary opportunity this property presents. Both the main residence and guesthouse showcase curated natural materials, including stone columns, wood-framed windows, designer inlaid concrete floors, and a freshly repainted interior that enhances the home’s warm, modern aesthetic. The main house offers three bedrooms, three baths, and three distinct living areas. A sunken living room anchors the home with architectural flair, while the chef’s kitchen and dining area invite effortless entertaining. Each bedroom features a charming loft—ideal for a fitness nook, studio, or additional sleeping space. The serene primary suite includes a sitting area with treetop views and a newly remodeled spa-like bath with soaking tub, seamless glass shower, and custom closets. A lofted office opens to a skywalk leading to a multilevel deck shaded by heritage oaks, with a fire pit terrace overlooking the private wooded backyard—perfect for intimate gatherings or quiet evenings. The guesthouse offers a kitchenette, full bath, living area, and a hidden second-story bedroom with a private balcony. Located in Panorama Ranch within acclaimed Eanes ISD, this property blends privacy, architectural distinction, and priceless waterfront access, open meadow views, and the rare luxury of direct Lake Austin living—offering an exceptional opportunity to own a true waterfront retreat.
Property Type
Residential
Year Built
1995
Lot Size
0.63 acres
$/Sq Ft
$921
HOA
$1800/mo
Garage
5 spaces
Listed by Compass RE Texas, LLC
Verified property facts
10908 River Terrace Cir is listed at $2,995,000 with 4 bedrooms, 4 full bathrooms, 3,253 square feet, 0.63-acre lot. This places it above the 78733 median of $1,102,500.
10908 River Terrace Cir is zoned for Eanes ISD with assigned schools: Barton Creek (10/10) (elementary), West Ridge (9/10) (middle), Westlake (9/10) (high). School assignments should be verified directly with the district.
10908 River Terrace Cir is in Four Seasons at Lake Austin, Austin, Texas. See the full [Four Seasons at Lake Austin neighborhood guide](/austin-luxury-resorts/four-seasons-private-residences-lake-austin) for market data, schools, and lifestyle details.
10908 River Terrace Cir is a Residential built in 1995 featuring 4 bedrooms, 4 full bathrooms, 3,253 square feet, 0.63-acre lot.
10908 River Terrace Cir is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Price Change with current price, original ask, and market time.

Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($599K)
$2,995,000
Luxury property intelligence
A sourced read on Four Seasons at Lake Austin pricing, timing, and property scale. No automated valuation claim.
List price
$2,995,000
Price per sqft
$921/sqft
Vs. Four Seasons at Lake Austin median
-4.2%
$3.1M median
Days on market
119 days
Original to current
$255K reduction
$3.3M original
Active inventory context
4 listings
Price Position in Four Seasons at Lake Austin
Listed 4% below the Four Seasons at Lake Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 8, 2026.
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10908 River Terrace Cir is priced at $921 per square foot across 3,253 sqft. The Four Seasons at Lake Austin median list price is $3,125,000.
The most recent annual property tax for 10908 River Terrace Cir is $42,584. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($599,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 10908 River Terrace Cir is around $19,089 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $2,995,000, 10908 River Terrace Cir is in the Four Seasons at Lake Austin market where there are currently 29 active listings in 78733. The Keenan Group has completed 2 transactions in 78733 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Four Seasons at Lake Austin guide](/austin-luxury-resorts/four-seasons-private-residences-lake-austin).
10908 River Terrace Cir was built in 1995 (31 years ago). Buyers should budget for potential updates to major systems.
10908 River Terrace Cir includes verified waterfront access. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
10908 River Terrace Cir sits on a 0.63-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
10908 River Terrace Cir is part of a managed community with HOA dues of $1,800 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Four Seasons at Lake Austin is one of Austin's established neighborhoods, zoned for Eanes ISD in the 78733 area. The Keenan Group has specialized in Four Seasons at Lake Austin real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Car-Dependent
No Nearby Transit
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
9 events on record
Current Price
$2,995,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Panorama Ranch Sec 01
Neighborhood guide and local insights
Four Seasons Lake Austin sits 380 feet above Lake Austin on a 145-acre site that includes a private funicular railway connecting the hilltop residences to a marina on the water below. The funicular is not a novelty. It is the literal mechanism by which residents access their boats, the waterfront dining facilities, and the lake itself. When a residential development installs a cliff railway as basic infrastructure, it tells you something about the scale and ambition of the project that no amount of marketing language can convey. The community is located in the 78732 zip code on the north shore of Lake Austin, occupying a prominent bluff along RM 2222 between the Pennybacker Bridge and Mansfield Dam. Views extend across the lake and into the Hill Country. Downtown Austin is about 20 minutes east via 2222 and MoPac. The Davenport Village and Four Points shopping areas handle daily errands within 10 minutes. Mount Bonnell is a short drive east along the same ridgeline. The architecture at Four Seasons Lake Austin represents something genuinely different from what exists elsewhere in the Austin luxury market. The residential buildings were designed by Handel Architects, and the interiors carry the Lissoni aesthetic, both names that carry significant weight in international architecture and design. About 60 percent of the units are contemporary terraced low-rise residences that step down the hillside, oriented to maximize lake views while maintaining privacy between units. The building forms use clean lines, natural materials, and expansive glass walls that blur the boundary between indoor and outdoor space. The remaining inventory includes larger estate-style residences and penthouses. Unit sizes range from approximately 2,000 square feet to over 5,000 square feet, with pricing that starts around $3 million and extends well beyond $10 million for the largest and best-positioned residences. This is a branded luxury development, which means Four Seasons operates the amenity spaces, concierge services, housekeeping, and common areas to hotel standards. The community falls within Leander ISD, one of the fastest-growing districts in Texas. The district has invested heavily in new campuses, and academic performance has strengthened as the tax base expanded. Families have access to well-funded elementary, middle, and high school options. The 20-minute drive to central Austin also provides access to private institutions like St. Andrew's and St. Stephen's Episcopal Schools. Daily life at Four Seasons Lake Austin is structured around the amenity program in a way that feels more like a resort membership than a typical HOA. The private marina provides boat storage and lake access via the funicular. Ciclo, the on-site restaurant, serves Italian-inspired cuisine with lake views. A spa and fitness center, multiple pools, and landscaped outdoor gathering spaces are maintained to Four Seasons standards, meaning the level of upkeep is materially different from what a typical condo HOA delivers. Beyond the property, Mount Bonnell is nearby for hiking and sunset views, and the Pennybacker Bridge Overlook provides another scenic stop. Turkey Creek Trail offers longer hikes through wooded terrain. For dining beyond the property, Jeffrey's in Clarksville is one of Austin's most established fine-dining rooms, Uchi and Otoko provide Japanese cuisine at different scales of formality, Quince Lakehouse serves New American food on the lake, and Ski Shores Cafe offers the most casual waterfront dining in the area. Four Seasons Lake Austin does not compete directly with traditional Austin luxury neighborhoods because the product category is different. Westlake, Barton Creek, and Rob Roy offer single-family homes on private lots with full ownership of land. Four Seasons offers a managed luxury experience where the building, grounds, and services are maintained by a hospitality brand. The closest comparison in the Austin market might be the Four Seasons Residences downtown or the W Residences, but those are urban high-rises without lake access or acreage. Nationally, the competitive set includes branded luxury developments like the Montage Residences in Laguna Beach or the Aman residences in Miami. The per-square-foot pricing reflects this positioning and is among the highest in the Austin metro area. Four Seasons Lake Austin is for buyers who want a residence managed to hotel standards with lake access and Hill Country views. It works for executives who split time between cities, international buyers who want a Texas base with familiar brand standards, and Austin residents ready for a simpler format without compromising on quality. The tradeoff is that you are buying into a managed system rather than owning a freestanding estate, and the price per square foot reflects the brand premium. For the buyer who understands that tradeoff, there is nothing comparable within 200 miles.
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