217 Bella Riva Dr, Austin, TX 78734

Luxury Mediterranean-style Lake Travis waterfront estate in prestigious community of Costa Bella. Spanning 8912 square feet, this gated Austin home features 8 bedrooms, 6 full & 3 half baths, 2-story living & great rooms, gourmet kitchen, library, wine cellar, office, workout room, billiards room & more. Outdoor living includes cabana, infinity pool & spa, terraces, outdoor kitchen, fireplace, and a private boat dock with deep-water access. Property sold "As-is". Buyer and/or buyer's agent responsible for verifying all pertinent information deemed relevant by the prospective buyer, including but not limited to square footage, acreage, utilities, taxes, zoning, permitting, condition, school zones, HOAs, etc.

On 3.417 acres of Lake Travis waterfront, 217 Bella Riva Dr brings 8,912 square feet, eight bedrooms, and direct water access together in Austin, one of the most established gated stretches of Austin's 78734 lakefront. Priced at $4.42M, or $496 per square foot, this Residential - Single Family Residence sits in Travis County and gives buyers a rare mix of shoreline, land, and interior volume in a part of the market where true compound scale is hard to replace.

Built in 2001, the house is set up for large-scale living without giving up privacy. Eight bedrooms, six full baths, and three half baths allow for extended family, long-stay guests, or staff support. A five-car garage matters here because homes at this size need room for multiple vehicles, lake gear, and weekend storage. Four fireplaces, a pool, and waterfront positioning push the property well beyond a standard luxury home and into full-time lake use. The lot size changes the feel of the property in a real way. At 3.417 acres, there is meaningful separation from neighbors, more flexibility for outdoor living, and stronger long-term land value than smaller waterfront parcels around Lake Travis.

The location works because Austin is tucked off Oak Grove Boulevard near Ranch Road 620 and Mansfield Dam, so the setting feels private while daily routes stay practical. Lake Travis is the headline amenity, but the address also benefits from the broader Hudson Bend area, where residents move easily between school runs, boat days, and errands. For families, the home is in Lake Travis ISD, with Lake Travis, Hudson Bend, and Lake Travis High serving the area. That school path remains one of the clearest reasons buyers focus on this side of the lake.

What it is like to live at 217 Bella Riva Dr comes down to scale and access. You get waterfront living, a large estate footprint, and room to host on a level that smaller lake properties cannot match. The current 83 days on market place this home in a period where buyers can study the numbers closely, and the numbers are clear: 8,912 square feet, 3.417 acres, direct waterfront, and Austin address value at under $500 per square foot. For buyers who want long-range lifestyle upside as much as immediate enjoyment, this is the kind of Lake Travis property that can keep working in your favor over time.