2314 Island Wood Rd, Austin, TX 78733

400+ FEET OF WATERFRONT IN ISLAND WOOD A spectacular opportunity with over 400 feet of Lake Austin waterfront at the end of a private peninsula in prestigious Island Wood. Sited on 1.7+ acres, the property features extensive outdoor living with lake views; a large covered terrace with a fireplace overlooks a limestone-surrounded pool and spa. Surrounded by lush greenery the property includes a cabana, stone dining patio and extensive manicured lawns. Two boat slips are served by a boat lift and will get you on the lake in no time. GRACIOUS, WELCOMING HOME This gracious home features a light-filled two-story living room overlooked by a charming balcony from the upper floor. Tucked in a turret, the stunning octagonal dining room is outfitted with detailed hardwood flooring. The large kitchen opens to a hearth-warmed family room and is accented with a rustic beamed ceiling, richly grained granite countertops and warm wood cabinetry. Featuring its own fireplace, the spacious master suite is on the main floor and features a luxurious oversized shower and walk-in closets. ENTERTAIN IN STYLE Host parties in style with guests flowing between the formal living room and the large game room serviced with a full walk-in bar. A cozy adjacent library provides a place for quiet conversation. The floorplan also includes a private guest suite, office/study and large en-suite bedrooms upstairs. Additional luxuries include flex fourth bedroom/additional study and ample storage, which are all great features to utilize while working remotely. 24 Hour Advance Showing Notice.

Lake Austin is Austin's most exclusive waterfront corridor - 22 miles of constant-level shoreline in 78732, 15 minutes from downtown. Waterfront homes start around $4M and trophy lots with 200+ feet of flat shoreline trade at $15M-$35M+. The lake is controlled by Tom Miller Dam, which maintains consistent water levels year-round - the key advantage over seasonal Lake Travis.

This is one of Austin's thinnest markets. Roughly 22 miles of total shoreline, and at any given time only 3-5 homes are actively listed. Many of the best lots trade privately through agent relationships before they ever reach the MLS. The finite supply creates a structural price floor that insulates Lake Austin from broader market cycles.

Buyers here want water access as daily life, not a weekend plan. Morning paddleboard, afternoon ski run, burgers at Ski Shores by boat, sunset from your own dock watching Hill Country ridgelines. The practical side matters too: you are inside Austin city limits with full services, 15 minutes from downtown, 10 from the Domain.

Four Seasons Private Residences is under development on 145 acres with 188 planned homes - the first significant new inventory since the lake was established. Eanes ISD and Leander ISD serve different sections of the corridor, both with strong school ratings.