
BELLAGIO FALLS ON LAKE AUSTIN
Bellagio Falls is a preserve-backed Lake Austin estate spanning over six acres with approximately 600 feet of waterfront. Completed in 2018, the nearly 10,000-square-foot residence offers six bedrooms and 6.5 bathrooms, blending Texas ranch character with refined Santa Barbara architectural influence.
A defining feature of the property is the series of cascading waterfalls integrated into the landscape, creating a natural soundscape and visual focal point that frames long lake views. Combined with its extensive frontage, the estate provides meaningful separation and privacy rarely found on Lake Austin.
The residence includes expansive living areas, inlaid Texas mesquite flooring, a media room, billiards room, and a game room with an official-size shuffleboard. A newly constructed resort-style pool and two-story boat dock extend the estate to the water. A four-car garage, private orchard, and ample room for future additions such as a casita or sport court provide flexibility without compromising scale.
The property is surrounded by greenbelt secured through recorded deed restrictions filed with the county, ensuring long-term protection from future development. Across the water lies the Balcones Canyonlands Preserve, federally recognized conservation habitat managed by the City of Austin. The result is open shoreline, reduced congestion, and enduring privacy.
Mature oak trees, a century-old heritage pecan, bald cypress, sycamore, mulberry, and fruit trees anchor the grounds, reinforcing the estate’s established and intentional landscape.
Bellagio Falls represents a rare combination of scale, protected surroundings, and architectural presence in one of Lake Austin’s most desirable stretches.
Property Type
Residential
Year Built
2018
Lot Size
5.94 acres
$/Sq Ft
$2,057
Listed by AUSTINTETON
Verified property facts
15016 Flat Top Ranch Rd is listed at $20,000,000 with 6 bedrooms, 6 full, 1 half bathrooms, 9,725 square feet, 5.94-acre lot. This places it above the 78732 median of $834,000.
15016 Flat Top Ranch Rd is zoned for Leander ISD with assigned schools: Steiner Ranch (10/10) (elementary), Canyon Ridge (10/10) (middle), Vandegrift (9/10) (high). School assignments should be verified directly with the district.
15016 Flat Top Ranch Rd is in Steiner Ranch, Austin, Texas. See the full [Steiner Ranch neighborhood guide](/neighborhoods/steiner-ranch-austin) for market data, schools, and lifestyle details.
15016 Flat Top Ranch Rd is a Residential built in 2018 featuring 6 bedrooms, 6 full, 1 half bathrooms, 9,725 square feet, 5.94-acre lot.
15016 Flat Top Ranch Rd 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
Listed with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-19.3% | — | $2,335,503 | — | — |
2024+3.4% | — | $2,894,941 | $1,120,000 | $1,414,170 |
2023+84.5% | — | $2,798,867 | $1,280,000 | $1,614,941 |
2022+5.9% | — | $1,516,659 | $1,200,000 | $1,598,867 |
2021 | — | $1,431,773 | $420,000 | $1,096,659 |

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% ($4.0M)
$20,000,000
Luxury property intelligence
A sourced read on Steiner Ranch pricing, timing, and property scale. No automated valuation claim.
List price
$20,000,000
Price per sqft
$2,057/sqft
Vs. Steiner Ranch median
+2401.6%
$799.5K median
Days on market
278 days
Original to current
No verified reduction
$20M original
Active inventory context
35 listings
Price Position in Steiner Ranch
Listed 2402% above the Steiner Ranch median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 14, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
15016 Flat Top Ranch Rd is priced at $2,057 per square foot across 9,725 sqft. The Steiner Ranch median list price is $799,500.
With 20% down ($4,000,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 15016 Flat Top Ranch Rd is around $140,442 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $20,000,000, 15016 Flat Top Ranch Rd is in the Steiner Ranch market where there are currently 90 active listings in 78732. The Keenan Group has completed 5 transactions in 78732 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Steiner Ranch guide](/neighborhoods/steiner-ranch-austin).
15016 Flat Top Ranch Rd was built in 2018, making it 8 years old with relatively recent construction.
15016 Flat Top Ranch Rd sits on a 5.94-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.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Steiner Ranch is one of Austin's established neighborhoods, zoned for Leander ISD in the 78732 area. The Keenan Group has specialized in Steiner Ranch 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
Biker's Paradise
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.
6 events on record
Current Price
$20,000,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-19.3% | — | $2,335,503 | — | — |
2024+3.4% | — | $2,894,941 | $1,120,000 | $1,414,170 |
2023+84.5% | — | $2,798,867 | $1,280,000 | $1,614,941 |
2022+5.9% | — | $1,516,659 | $1,200,000 | $1,598,867 |
2021 | — | $1,431,773 | $420,000 | $1,096,659 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Neighborhood guide and local insights
Steiner Ranch is a 4,600-acre master-planned community in 78732, built along the bluffs above Lake Austin and Lake Travis. Median home price $800K. Leander ISD schools (Laura Bush Elementary, Canyon Ridge Middle, Vandegrift High), three resort-style community pools, 20+ miles of trails, and private Lake Austin access via the Lake Club. Around 6,500 homes across multiple sections, built from the late 1990s through today. Housing ranges from $500K townhomes to $2M+ estates backing to the UT Golf Club (Roy Bechtol championship course, 7,412 yards). The community is fully built out in most sections, with limited new construction remaining. Daily life revolves around being outside. Trail runners hit J Canyon and Powerline Hill loops before work. The Lake Club gives residents private boat launch access with eleven day-use docks on Lake Austin. Lake Travis is five minutes from the community entrance. Steiner Ranch Steakhouse — panoramic lake views, live music seven nights a week — is the social center. What makes Steiner Ranch the value play for lake-adjacent living: resort-level amenities at a fraction of Lake Austin waterfront pricing, strong schools, and a community infrastructure (pools, trails, golf, lake access) that most master-planned developments can't match. The tradeoff is the 620 commute — 25-35 minutes to downtown depending on traffic.
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