6 bed, 6 bath, 7,521 sqft on 2.65 acres in Lake Austin. Austin, TX 78732. $12,499,999. Leander ISD.
About This Home
Set behind dual gated entries along one of the most coveted stretches of Lake Austin, Butterfly Beach is a Santa Barbara inspired estate offering exceptional privacy, scale, and craftsmanship. Positioned on nearly three acres with over 250 feet of waterfront, the property features a grand, level arrival, tranquil pond, and a courtyard framed by gardens and flowering vines. The residence spans more than 7,500 square feet, designed to live in harmony with its surroundings, with nearly every room opening to the landscape and lake beyond. Interiors are defined by hand troweled Venetian plaster walls, custom ironwork, bespoke lighting, and a refined material palette throughout. A dedicated wine room and a flexible theater room, which can serve as a bedroom or exercise studio, add versatility. At the center of the home, the chef’s kitchen features custom cabinetry, marble and granite surfaces, and a Lacanche French range. Supporting spaces include a butler’s pantry, additional refrigeration, and generous storage. A central reverse osmosis system services five locations, including the kitchen, butler’s pantry, coffee bar, wet bar, and outdoor kitchen. Outdoor living offers expansive terraces, a negative edge pool, and a private two slip boat dock with upper entertaining deck and automated screens. Surrounded by nearly eight acres of protected wildlife preserve, the property provides a rare sense of privacy. A separate guest casita with private access includes a bedroom, full bath, and flexible living space. Additional features include a five car garage configuration with climate controlled workshop, glass show garage, and a fire suppression system. Rare opportunity to own a premier Lake Austin estate.
The gentle lap of water against the dock at 14500 Flat Top Ranch Road in Steiner Ranch defines daily life here. This 7,521 square foot Lake Austin waterfront residence sits on 2.649 acres with over 250 feet of direct waterfront access, positioning you at the water's edge rather than simply overlooking it. Built in 2017, the home was designed with a philosophy that blurs the boundary between interior and landscape, with nearly every room opening directly to views of Lake Austin and the protected wildlife preserve surrounding the property.
The sensory experience begins the moment you arrive through dual gated entries. A tranquil pond greets visitors before the home itself comes into view, framed by landscaped gardens and flowering vines that soften the 7,500 square foot residence. Inside, hand-troweled Venetian plaster walls and custom ironwork create a refined aesthetic that complements rather than competes with the water views. The chef's kitchen features a Lacanche French range, marble and granite surfaces, and flows seamlessly into dining and living spaces. A dedicated wine room, wet bar, and butler's pantry with custom cabinetry support the home's entertaining lifestyle. The primary bedroom sits on the main level with walk-in closets and direct access to the landscape.
The dock defines the outdoor experience. A private two-slip boat dock with automated screens and an upper entertaining deck extends your living space directly onto the water. A negative edge pool sits on the terraced exterior, with an outdoor kitchen and grilling station for waterside dining. The property includes a separate guest casita with private entrance, bedroom, full bath, and flexible living space for visitors or extended family.
The home serves the greater Austin market well from this location. Steiner Ranch Elementary, Canyon Ridge Middle School, and Vandegrift High School in the Leander ISD school district serve the area. A five-car garage with climate-controlled workshop and glass show space accommodates vehicles and collections. The property's 2.649 acres provide the rare combination of significant waterfront access and complete privacy within the protected wildlife preserve.
At $12.90 million ($1,715 per square foot), this Lake Austin estate represents ownership of one of the region's most coveted waterfront stretches. The water's edge lifestyle here is not aspirational - it's daily reality.
The numbers behind this insight
- Offered at
- $12,499,999
- Listed
- June 15, 2026
- Price changes
- 1, down 3.1% from $12,900,000
- Asking price per sq ft
- $1,662
Lake Austin market
- Homes sold
- 15
- Median sale price
- $5,050,000
- Median price per sq ft
- $1,173
- Homes for sale now
- 21
Lake Austin is Austin's most exclusive waterfront corridor - 22 miles of constant-level shoreline in 78732, 15 minutes from downtown. Waterfront homes start around $4M and trophy lots with 200+ feet of flat shoreline trade at $15M-$35M+. The lake is controlled by Tom Miller Dam, which maintains consistent water levels year-round - the key advantage over seasonal Lake Travis.
This is one of Austin's thinnest markets. Roughly 22 miles of total shoreline, and at any given time only 3-5 homes are actively listed. Many of the best lots trade privately through agent relationships before they ever reach the MLS. The finite supply creates a structural price floor that insulates Lake Austin from broader market cycles.
Buyers here want water access as daily life, not a weekend plan. Morning paddleboard, afternoon ski run, burgers at Ski Shores by boat, sunset from your own dock watching Hill Country ridgelines. The practical side matters too: you are inside Austin city limits with full services, 15 minutes from downtown, 10 from the Domain.
Four Seasons Private Residences is under development on 145 acres with 188 planned homes - the first significant new inventory since the lake was established. Eanes ISD and Leander ISD serve different sections of the corridor, both with strong school ratings.
- Property Type
- Residential
- Year Built
- 2017
- Lot Size
- 2.65 acres
- Price / Sq Ft
- $1,662
- Garage
- 5 spaces
- Pool
- Yes
Listing information last updated October 30, 2026.
Listed by Kuper Sotheby's Int'l Realty
MLS# 9090855 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Bar
- Built-in Features
- Ceiling Fan(s)
- Ceiling-High
- Granite Counters
- Double Vanity
- Eat-in Kitchen
- Entrance Foyer
- Kitchen Island
- Multiple Living Areas
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Storage
- Study
- Home Office
- Walk-In Closet(s)
- Wet Bar
- Bar Fridge
- Built-In Freezer
- Built-In Oven(s)
- Built-In Range
- Built-In Refrigerator
- Dishwasher
- Disposal
- RNGHD
- Washer
- Dryer
- Water Purifier
- Water Softener Owned
- Wine Refrigerator
- Stone
- Wood
- Heating
- Central
- Cooling
- Ceiling Fan(s),Central Air
- Fireplaces
- 3
Exterior & Lot
- Boat Dock - Private
- Boat Lift
- CCTYD
- Exterior Steps
- Garden
- Lighting
- Outdoor Grill
- Private Entrance
- Private Yard
- Stucco
- Landscaped
- Gate
- Privacy
- Slab
- Covered
- Patio
- Porch
- Roof
- Spanish Tile
- Lot Size
- 2.65 Acres
- Additional Parking
- Attached
- Detached
- Garage
- Garage Spaces
- 5
- Pool
- Yes
- Waterfront
Financial
- Original List Price
- $12,900,000
- Price per Sq Ft
- $1,662
Utilities
- Cable Connected
- Electricity Connected
- Phone Connected
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 14500 Flat Top Ranch RD, whoever represented it.
- ActiveListed 2026Current price: $12,499,999Original list: $12,900,000MLS 9090855
- Listed · June 15, 2026$12,900,000
- Price changed · October 1, 2026$12,499,999
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $12,499,999
- Original list
- $12,900,000
- Price movement
- $400K reduction
- Listed / DOM
- Jun 15, 2026 · 140 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $6,663,800
- Assessment Year
- 2025
- Year Built
- 2014
- Parcel ID
- 000000768957
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+69.8% | — | $6,663,800 | — | — |
2024-5.5% | — | $3,924,575 | $4,875,000 | $2,838,141 |
2023-9.7% | — | $4,154,748 | $1,439,816 | $2,484,759 |
2022+22.8% | — | $4,602,011 | $1,439,816 | $2,714,932 |
2021 | — | $3,746,100 | $1,439,816 | $3,162,195 |
Zoned Schools
Vandegrift
Canyon Ridge
Steiner Ranch
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
Illustrative down payment
20% ($2.5M)
Adjustable assumption - not a lending recommendation.
Home price
$12,499,999
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Lake Austin pricing, timing, and property scale. No automated valuation claim.
List price
$12,499,999
Price per sqft
$1,662/sqft
Vs. Neighborhood guide reference price
+147.5%
$5.1M · Lake Austin neighborhood guide · reference price
Days on market
140 days
Original to current
$400K reduction
$12.9M original
Active inventory context
31 listings
Price Position in Lake Austin
Listed 148% above the Lake Austin neighborhood guide reference price. Lake Austin neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 30, 2026.
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