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$4,800,000
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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.
Property Type
Residential
Year Built
1986
Lot Size
1.76 acres
$/Sq Ft
$718
Garage
3 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
2314 Island Wood Rd is listed at $4,800,000 with 6 bedrooms, 5 full, 2 half bathrooms, 6,683 square feet, 1.76-acre lot. This places it above the 78733 median of $1,225,000.
2314 Island Wood Rd is zoned for Eanes ISD with assigned schools: Barton Creek (10/10) (elementary), West Ridge (9/10) (middle), Westlake (9/10) (high). School assignments should be verified directly with the district.
2314 Island Wood Rd is a Residential built in 1986 featuring 6 bedrooms, 5 full, 2 half bathrooms, 6,683 square feet, 1.76-acre lot.
2314 Island Wood Rd 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 2314 Island Wood Rd is $39,952. 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
Listing timeline 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 |
|---|---|---|---|---|
2025-12.5% | — | $5,000,000 | — | — |
2024+2.5% | — | $5,714,625 | $1,850,000 | — |
2023-12.6% | — | $5,575,331 | $1,346,800 | — |
2022 | — | $6,378,803 | $1,346,800 | — |
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% ($960K)
$4,800,000
Luxury property intelligence
A sourced read on Wood Island pricing, timing, and property scale. No automated valuation claim.
List price
$4,800,000
Price per sqft
$718/sqft
Vs. Wood Island median
Not available
Days on market
1,956 days
Original to current
No verified reduction
$4.8M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 3, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($960,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 2314 Island Wood Rd is around $28,236 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $4,800,000, 2314 Island Wood Rd is in the Wood Island market where there are currently 32 active listings in 78733. The Keenan Group has completed 2 transactions in 78733 as part of 1,000+ career sales totaling $1B+ across Austin.
2314 Island Wood Rd was built in 1986 (40 years ago). Buyers should budget for potential updates to major systems.
2314 Island Wood Rd includes verified waterfront access: Canal Front,Waterfront. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
2314 Island Wood Rd sits on a 1.76-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.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Car-Dependent
No Nearby Transit
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.
7 events on record
Current Price
$4,800,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-12.5% | — | $5,000,000 | — | — |
2024+2.5% | — | $5,714,625 | $1,850,000 | — |
2023-12.6% | — | $5,575,331 | $1,346,800 | — |
2022 | — | $6,378,803 | $1,346,800 | — |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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