
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
$4,508.2/year
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 ZIP 78734 single-family closed-sale median price of $640,000 (ZIP 78734 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 4, 2026).
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 listed by Moreland Properties. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 5, 2026.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
3 records on file
Every recorded listing, sale, and lease at 203 Bella Riva DR, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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)
Adjustable assumption - not a lending recommendation.
$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. Neighborhood guide reference price
Not available
Days on market
71 days
Original to current
No verified reduction
$3.8M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Sep 5, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
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.
This page does not assume a mortgage rate or publish a monthly payment for 203 Bella Riva DR. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Sep 5, 2026, 203 Bella Riva DR is offered at $3,750,000. The current MLS snapshot shows 174 active listings in 78734. Keenan Group has completed 16 verified transactions in 78734 within its 1,000+ completed transactions and $1B+ career volume across Austin.
The MLS listing marks 203 Bella Riva DR as waterfront. The reported waterfront feature is Lake Front, Waterfront. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.
The MLS listing reports HOA or association dues of $4,508 annual for 203 Bella Riva DR. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.
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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