2700 Island Ledge Cv, Austin, TX 78746

Located in the Island of Westlake, a rare, gated Lake Austin waterfront neighborhood, comprised of only ten precious homes, this estate far surpasses the status quo of refinement, elegance, and space. Situated on a corner lot, on over an acre of meticulously manicured grounds, this residence comes complete with a spacious 1,400 square foot guest house, a three car garage, an auto court and private neighborhood waterfront park with a dedicated boat slip. The moment you step inside, you are captivated by the soaring ceilings, timeless finishes, and an abundance of natural light that fills every room. The principle residence boasts 6,690 square feet of generous and private spaces, providing the perfect abode for entertaining and daily living. Exquisite detail and the finest craftsmanship are revealed throughout, from the gleaming hardwood floors, intricate molding, and walls of French doors. An entertainer's delight, this home boasts a dramatic bespoke bar featuring floor to ceiling custom woodwork that is a piece of art itself. A true estate, a luxurious guest house graces the property providing a private retreat, while a grand pool, outdoor kitchen cabana, cigar lounge and many outdoor seating spaces complete the picture. In addition, a fully equipped gym occupies a wing of the home, making this estate truly all-inclusive. A unique gem, uniting land and water, take a short jaunt by foot or UTV to access the exclusive neighborhood waterfront park and your own dedicated deeded boat slip. A recent comprehensive remodel has taken this fine home to new heights, and it is also being offered as a turn-key package including a 2018 Mastercraft 22 XL Crossover ski and wakeboard boat, a touchless boat cover, an array of lake essentials, a 2020 Polaris Ranger Crew UTV, a 1951 completely restored red Chevrolet Fleetwood truck and most gym equipment.

Westlake Hills is an incorporated city in Austin's 78746 ZIP code, five minutes west of downtown via Bee Caves Road. Eanes ISD - ranked #1 in Texas by Niche 2026 - draws most buyers. Median home price $2.4M, with estates from $1.2M updates to $10M+ hilltop compounds.

Roughly 1,000 total homes sit on wooded lots averaging half an acre to two acres, spread across the hills south of the Colorado River. Lost Creek, Davenport Ranch, The Oaks, and Bee Caves Woods each have a different character - from 1970s ranches on established lots to new-build Hill Country Contemporary estates with 20-foot ceilings and limestone facades.

The housing stock is in a generational transition. Original 1970s-80s ranch homes sell as teardowns at $1-2M for land alone, replaced by $3-8M contemporary builds. At any given time, 25-30 homes are actively listed. Inventory is tight, and a meaningful share of deals happen off-market through agent networks.

What defines daily life here: morning coffee at Swedish Hill, school drop-off at Eanes Elementary or Bridge Point, a trail run at Wild Basin Preserve, and dinner at Sway or Las Palomas without crossing MoPac. This is a quiet neighborhood built around schools and outdoor access, not nightlife or walkable retail. The people who live here chose it for exactly that trade-off.