
Designed by acclaimed architect Jeffrey Berkus, this extraordinary waterfront estate on Lake Travis is set on more than 2 acres within the gated Costa Bella community. Positioned on a protected deep-water cove, the property features a private tram and observation deck leading to a two-slip boat dock with HydroHoist lifts. Expansive terraces and balconies capture sweeping lake views, while walls of windows bring the waterfront setting into nearly every major living space. Thoughtfully designed for both everyday living and entertaining, the residence includes five en-suite bedrooms, including a detached casita with a private entrance and kitchenette. High ceilings, exposed wood beams, natural stone accents, and custom millwork create a warm yet sophisticated atmosphere throughout. The recently updated kitchen features refreshed finishes, a Janska range, and a fireplace that adds to the luxurious ambiance. The primary suite serves as a private retreat with a fireplace, coffee bar, spa-inspired bath, terrace access, and panoramic water views. Exceptional outdoor living features a heated pool, expansive patios, and multiple vantage points for enjoying sunsets over the lake. Recent enhancements include HVAC systems, retaining wall and foundation improvements, pool upgrades, Tesla solar panels with three Powerwall batteries, and integrated smart lighting. Residents of Costa Bella enjoy access to a waterfront clubhouse, resort-style pool, fitness center, tennis and basketball courts, and community event spaces, completing one of Lake Travis' most exceptional waterfront offerings. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.
Property Type
Residential
Year Built
2002
Lot Size
2.17 acres
$/Sq Ft
$593
HOA
$4508.2/mo
Garage
4 spaces
Pool
Yes
Listed by Moreland Properties
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
203 Bella Riva DR is listed at $3,750,000 with 5 bedrooms, 5 full, 2 half bathrooms, 6,326 square feet, 2.17-acre lot. This places it above the 78734 median of $650,000.
203 Bella Riva DR is zoned for Lake Travis ISD with assigned schools: Lake Travis (elementary), Hudson Bend (middle), Lake Travis (high). School assignments should be verified directly with the district.
203 Bella Riva DR is a Residential built in 2002 featuring 5 bedrooms, 5 full, 2 half bathrooms, 6,326 square feet, 2.17-acre lot.
203 Bella Riva 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 203 Bella Riva DR is $61,561. 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
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+10.3% | — | $3,567,990 | — | — |
2024-9.2% | — | $3,235,036 | $1,703,424 | $2,516,008 |
2023+42.6% | — | $3,564,059 | $999,000 | $2,236,036 |
2022 | — | $2,500,000 | $999,000 | $2,565,059 |
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% ($750K)
$3,750,000
Luxury property intelligence
A sourced read on Costa Bella pricing, timing, and property scale. No automated valuation claim.
List price
$3,750,000
Price per sqft
$593/sqft
Vs. Costa Bella median
Not available
Days on market
8 days
Original to current
$700K reduction
$4.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 4, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($750,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 203 Bella Riva DR is around $24,588 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $3,750,000, 203 Bella Riva DR is in the Costa Bella market where there are currently 189 active listings in 78734. The Keenan Group has completed 16 transactions in 78734 as part of 1,000+ career sales totaling $1B+ across Austin.
203 Bella Riva DR includes verified waterfront access: Lake Front,Waterfront. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
203 Bella Riva DR sits on a 2.17-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.
203 Bella Riva DR is part of a managed community with HOA dues of $4,508 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.
12 events on record
Current Price
$3,750,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+10.3% | — | $3,567,990 | — | — |
2024-9.2% | — | $3,235,036 | $1,703,424 | $2,516,008 |
2023+42.6% | — | $3,564,059 | $999,000 | $2,236,036 |
2022 | — | $2,500,000 | $999,000 | $2,565,059 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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