
THE POINT ON THE ISLAND — 270 DEGREES OF WATER FRONTAGE. 186 FEET WATER FRONTAGE.
There are waterfront homes, and there are homes that command the water. Sited at a rare tip of an Applehead Island peninsula, this residence holds the single most coveted position on the island—where the land runs out and the water takes over on three sides. The video is superb check out the link below.
Lake LBJ unfolds in a full 180 degrees of unobstructed open water. Add the 90 degrees on the canal and the home claims a remarkable 270 degrees of total water frontage. The canal is 180 feet wide.
Rebuilt as a contemporary residence in 2022 and reimagined, updated and repaired by the current owner to an exacting standard—clean white volumes, warm white-oak floors, black steel window walls and soaring vaulted ceilings that pull the lake inside. A level of investment that could not be replicated today for $7 million.
The gourmet kitchen is a genuine masterpiece: a large center island, double Wolf ovens, built-in refrigeration, wine cooler, custom cabinetry, expansive stone surfaces, a separate butler's pantry and electric shades that glide open to the lake. Walls of glass frame the water from nearly every principal room.
A metal and steel cable staircase and floating catwalk connect both levels. The primary suite opens to a walk-out balcony with endless water and palm framed views, served by a spa inspired bath with freestanding tub and glass shower.
Generous secondary suites, a game room beneath a statement chandelier, a media lounge, and a custom bunk room ensure a place—and a view—for everyone.
Outside: a resort pool at the water's edge, a covered cabana with full outdoor kitchen, steel cable balconies overlooking the lake and a private dock with slips and lifts delivering you straight into open water.
Personal property and furnishings available as a separate sale.
This is not a home with a water view. It is a home that owns the water around it.
Property Type
Residential
Year Built
1992
Lot Size
0.24 acres
$/Sq Ft
$1,057
HOA
$5717/mo
Garage
9 spaces
Pool
Yes
Listed by ALEX
Verified property facts
151 Applehead Island DR is listed at $5,395,000 with 5 bedrooms, 5 full bathrooms, 5,102 square feet, 0.24-acre lot. This places it above the 78657 median of $1,318,000.
151 Applehead Island DR is zoned for Llano ISD with assigned schools: Llano (elementary), Llano (middle), Llano (high). School assignments should be verified directly with the district.
151 Applehead Island DR is a Residential built in 1992 featuring 5 bedrooms, 5 full bathrooms, 5,102 square feet, 0.24-acre lot.
151 Applehead Island DR 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.
The most recent annual property tax for 151 Applehead Island DR is $47,872. 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.
#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
Waterfront
Listed with current price, original ask, and market time.

Llano ISD
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.
20% ($1.1M)
$5,395,000
Luxury property intelligence
A sourced read on Applehead Island pricing, timing, and property scale. No automated valuation claim.
List price
$5,395,000
Price per sqft
$1,057/sqft
Vs. Applehead Island median
Not available
Days on market
9 days
Original to current
No verified reduction
$5.4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 12, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($1,079,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 151 Applehead Island DR is around $31,983 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $5,395,000, 151 Applehead Island DR is in the Applehead Island market where there are currently 149 active listings in 78657.
151 Applehead Island DR was built in 1992 (34 years ago). Buyers should budget for potential updates to major systems.
151 Applehead Island DR includes verified waterfront access: Canal Front,Lake Front,Waterfront. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
151 Applehead Island DR is part of a managed community with HOA dues of $5,717 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.
Car-Dependent
N/A
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.
1 event on record
Current Price
$5,395,000
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.
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