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This property has sold on August 31, 2023. Looking for something similar? Contact us or browse available homes.

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Retreat to a lavish Lake Austin estate with stunning views and exclusive amenities. This luxurious compound features a two-story boat slip and panoramic vistas of Lake Austin and the Austin Country Club. The primary residence offers 3,600 sqft., including four bedrooms, two and a half baths, a private office, and an in-home gym, with the garage apartment adding an additional 518sqft with a guest apartment. Its interior seamlessly blends contemporary elements with modern touches, showcasing breathtaking views from every room. The highlight of the property is its expansive outdoor living spaces spanning over 2,000 sq. ft., boasting two levels of patios that provide unobstructed views of Lake Austin, the Texas Hill Country, and an infinity pool. Host enchanting dinner parties under the stars using the outdoor kitchen or unwind with a nightcap while witnessing the sunset over Lake Austin. The lower patio beckons with a cabana bar and an inviting infinity pool. In the garage "bunker" complex, the first floor houses a climate-controlled wine cellar with a capacity of approximately 1200 bottles. The second floor features a garage showroom and a full-swing golf simulator, complemented by a spacious apartment. The apartment offers guests their own private retreat with a kitchenette, a living/bedroom area, and a large patio. The entire compound is fortified by concrete and steel walls, under constant surveillance with 24-hour cameras, and secured by an automatic driveway gate and doors. A pathway leads to Lake Austin, where a two-story boat dock awaits, complete with a private slip for your watercraft. Enjoy your morning coffee on the second floor of the boat dock overlooking the Pennybacker Bridge. With the Holdsworth Center on one side, the property offers added privacy without direct neighbors. Located a short 15-minute drive from downtown Austin, 10 minutes from the prestigious Austin Country Club, and 20 minutes from the airport.
Property Type
Residential
Year Built
1990
Lot Size
0.60 acres
$/Sq Ft
$1,077
Listed by Moreland Properties
Verified property facts
4811 Palisade Dr is listed at $4,449,000 with 5 bedrooms, 3 full, 1 half bathrooms, 4,130 square feet, 0.60-acre lot. This places it above the 78731 median of $1,256,150.
4811 Palisade Dr is zoned for Austin ISD with assigned schools: Highland Park (10/10) (elementary), Lamar (Austin ISD) (middle), McCallum (8/10) (high). School assignments should be verified directly with the district.
4811 Palisade Dr is in Lake Austin, Austin, Texas. See the full [Lake Austin neighborhood guide](/neighborhoods/lake-austin) for market data, schools, and lifestyle details.
4811 Palisade Dr is a Residential built in 1990 featuring 5 bedrooms, 3 full, 1 half bathrooms, 4,130 square feet, 0.60-acre lot.
4811 Palisade Dr 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.
#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
Listing timeline with current price, original ask, and market time.

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% ($890K)
$4,449,000
Luxury property intelligence
A sourced read on Lake Austin pricing, timing, and property scale. No automated valuation claim.
List price
$4,449,000
Price per sqft
$1,077/sqft
Vs. Lake Austin median
-17.6%
$5.4M median
Days on market
1,084 days
Original to current
No verified reduction
$4.4M original
Active inventory context
3 listings
Price Position in Lake Austin
Listed 18% below the Lake Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Mar 27, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Lake Austin
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#1 ABOR Team 2024 with $1B+ career sales volume
4811 Palisade Dr is priced at $1,077 per square foot across 4,130 sqft. The Lake Austin median list price is $5,400,000.
With 20% down ($889,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 4811 Palisade Dr is around $31,241 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $4,449,000, 4811 Palisade Dr is in the Lake Austin market where there are currently 57 active listings in 78731. The Keenan Group has completed 104 transactions in 78731 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Lake Austin guide](/neighborhoods/lake-austin).
4811 Palisade Dr was built in 1990 (36 years ago). Buyers should budget for potential updates to major systems.
4811 Palisade Dr sits on a 0.60-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.
Lake Austin is one of Austin's established neighborhoods, zoned for Austin ISD in the 78731 area. The Keenan Group has specialized in Lake Austin real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
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.
5 events on record
Current Price
$4,449,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Cliff Over Lake Austin
Neighborhood guide and local insights
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.
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