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$2,500,000
last listed4708 Island Cv, Austin, TX 78731
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5 bed, 5 bath, 11,114 sqft on 1.62 acres in Austin. Austin, TX 78731. Last listed at $2,500,000, sold April 7, 2011. Austin ISD.
About This Home
STUNNING 11,000 sq/ft estate in Austin's most prestigious gated lake community. Home is palatial in its dimensions and exquisite finishes. Main living floor is a stunning light filled space wrapped around a center courtyard of terraces, pool and gardens. Upper floor can be used as separate 2 bedroom guest suite. Lower level is an amazing area for entertaining with arguably the best media room in Austin, capable of seating 13. Price is over $1M LESS than tax appraisal! Shares waterfront lot with neighbor.Guest Accommodations: Yes Restrictions: Yes Sprinkler Sys:Yes
- Property Type
- Residential
- Year Built
- 2001
- Lot Size
- 1.62 acres
- Price / Sq Ft
- $225
- HOA
- $2,400/year
- Garage
- 3 spaces
- Pool
- Yes
Listing information last updated October 20, 2021.
Listed by Goldwasser Real Estate
MLS# 4117526 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Highlights
Facts & Features
Interior
- Breakfast Bar
- Coffered Ceiling(s)
- High Ceilings
- Multiple Dining Areas
- Multiple Living Areas
- Primary Bedroom on Main
- Wired for Sound
- Built-In Oven(s)
- Convection Oven
- Dishwasher
- Disposal
- Microwave
- Free-Standing Range
- Refrigerator
- Water Purifier Owned
- Stone
- Wood
- Heating
- Central,Natural Gas
- Cooling
- Central Air
- Fireplaces
- 4
Exterior & Lot
- Masonry – All Sides
- Level
- Sprinkler - Automatic
- Trees-Large (Over 40 Ft)
- Wrought Iron
- Slab
- Covered
- Patio
- Roof
- Tile
- Lot Size
- 1.62 Acres
- Attached
- Door-Multi
- Garage Faces Rear
- Garage Spaces
- 3
- Pool
- Yes
- Lake Front
- View
- Hill Country,Lake,River
Financial
- HOA Fee
- $2,400 / year
- Original List Price
- $2,700,000
- Price per Sq Ft
- $225
Utilities
- Electricity Available
- Natural Gas Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 4708 Island CV, whoever represented it.
- SoldApril 7, 2011Listed at: $2,700,000MLS 4117526
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $2,500,000
- Original list
- $2,700,000
- Price movement
- $200K reduction
- Listed / DOM
- Dec 22, 2010
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $5,808,940
- Assessment Year
- 2025
- Year Built
- 2001
- Parcel ID
- 000000124833
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-7.4% | — | $5,808,940 | — | — |
2024+0.0% | — | $6,274,058 | $2,683,800 | $3,247,665 |
2023+39.2% | — | $6,274,058 | $1,616,201 | $4,657,857 |
2022 | — | $4,506,804 | $1,616,201 | $4,657,857 |
Zoned Schools
McCallum
Lamar
Highland Park
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.
Excluded from this estimate: property taxes and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-06-03T06:40:03.495981+00:00; normalized from annual dues.
Illustrative down payment
20% ($500K)
Adjustable assumption - not a lending recommendation.
Home price
$2,500,000
Loan details
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Keenan Market Position
A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.
List price
$2,500,000
Price per sqft
$225/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$200K reduction
$2.7M 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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