
Set above a serene canal on Lake Austin, this newly constructed residence is a one-of-a-kind architectural gem situated on 0.615 acres. Designed and brought to life by a notable team, this residence is an opulent convergence of modern and traditional style. The great room is the focal point of the home with double-height ceilings and stunning windows that welcome the view of the outdoors into the home’s design. This space is open to the two-level library with walls of built-in bookshelves that flank a well-appointed fireplace. The great room’s modern windows artfully pair with the library’s traditional design. The fully updated kitchen is outfitted with high-end stainless steel appliances, immaculate finishes, ample storage, and a center island. On the home’s upper level, retreat to the privacy of the primary suite complete with a spa-inspired bathroom with a soaking tub and dual sinks. The walk-in closet is fully outfitted with custom storage. A rounded balcony off the bedroom offers the home’s highest viewpoint just above the tree line. The home also features a smartly designed guest floor with 3 bedrooms, 2 full bathrooms, and a kitchenette. All levels are conveniently connected with an elevator. Enjoy the privacy of the backyard, wrapped in mature trees and the solitude of the Lake Austin canal at the property’s edge. Bask by the pool in the sun or shade, or take the staircase that leads to the peaceful canal with a dock. Mount Bonnell is less than 2 miles away, and Westwood Country Club is under 3 miles from the property. Both Downtown and The Domain are less than 10 miles from the home. This extraordinary estate blends the canal-front lifestyle with the sophistication of city life. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.
Property Type
Residential
Year Built
2021
Lot Size
0.61 acres
$/Sq Ft
$1,264
HOA
$120/mo
Garage
2 spaces
Pool
Yes
Listed by Moreland Properties
Verified property facts
4500 River Wood CT is listed at $7,150,000 with 4 bedrooms, 3 full, 2 half bathrooms, 5,658 square feet, 0.61-acre lot. This places it above the 78731 median of $1,225,000.
4500 River Wood CT is zoned for Austin ISD with assigned schools: Highland Park (elementary), Lamar (Austin ISD) (middle), McCallum (high). School assignments should be verified directly with the district.
4500 River Wood CT is a Residential built in 2021 featuring 4 bedrooms, 3 full, 2 half bathrooms, 5,658 square feet, 0.61-acre lot.
4500 River Wood CT 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 4500 River Wood CT is $87,319. 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
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
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+99.3% | — | $4,266,806 | — | — |
2024+67.0% | — | $2,140,439 | $2,696,400 | $303,600 |
2023+2.6% | — | $1,281,597 | $1,249,600 | $890,839 |
2021 | — | $1,249,600 | $1,249,600 | — |

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% ($1.4M)
$7,150,000
Luxury property intelligence
A sourced read on Mount Bonnell Shores Sec 02 pricing, timing, and property scale. No automated valuation claim.
List price
$7,150,000
Price per sqft
$1,264/sqft
Vs. Mount Bonnell Shores Sec 02 median
Not available
Days on market
274 days
Original to current
$845K reduction
$8M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 25, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($1,430,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 4500 River Wood CT is around $44,376 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $7,150,000, 4500 River Wood CT is in the Mount Bonnell Shores Sec 02 market where there are currently 54 active listings in 78731. The Keenan Group has completed 107 transactions in 78731 as part of 1,000+ career sales totaling $1B+ across Austin.
4500 River Wood CT was built in 2021, making it 5 years old with relatively recent construction.
4500 River Wood CT includes verified waterfront access: Canal Front,Lake Privileges,Waterfront. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
4500 River Wood CT sits on a 0.61-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.
4500 River Wood CT is part of a managed community with HOA dues of $120 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
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.
8 events on record
Current Price
$7,150,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+99.3% | — | $4,266,806 | — | — |
2024+67.0% | — | $2,140,439 | $2,696,400 | $303,600 |
2023+2.6% | — | $1,281,597 | $1,249,600 | $890,839 |
2021 | — | $1,249,600 | $1,249,600 | — |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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