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201 Costa Bella DR
About This Property
A circular drive lead to an impressive 35-foot rotunda entry. The main residence offers four spacious upstairs bedrooms, while a detached two-room casita overlooking the pool provides ideal accommodations for guests, extended family, or a private office.
Inside, a beautifully redesigned study creates an elegant work-from-home space with 2nd study area adjacent to the primary bedroom. The formal lounge with fireplace, stylish step-down bar, & inviting living room flow seamlessly to the outdoor entertaining areas. The chef's kitchen, dining area, & family room all enjoy views of & direct access to the resort-style backyard.
Upstairs, a media room opens to a balcony overlooking the pool & grounds. Multiple covered outdoor living spaces feature a full bar, fireplace, & generous seating areas. The resort-inspired pool includes a shallow beach entry & swim-up bar, while the flat, highly usable backyard offers abundant space for recreation & even the potential to add a pickleball court.
Residents enjoy outstanding amenities, including a private marina, the sports courts, & a beautifully renovated clubhouse with a full kitchen, gathering spaces, conference room, & expansive covered terrace overlooking Lake Travis.
Offering luxury, convenience, & an unmatched lifestyle just 20–25 minutes from both downtown Austin & The Domain, this is a rare opportunity to own one of Costa Bella's most ideally positioned homes.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2026 | Listed by Christies Intl Real Estate Lone Star | $3,650,000 | |
| Listed by Christies Intl Real Estate Lone Star | |||
| Sep 11, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jul 19, 2025 | Price Decreased |
$3,695,000
↓ $300K
(7.5%) | |
| Price Decreased | |||
| May 2, 2025 | Listed by Christie's Int'l Real Estate | $3,995,000 | |
| Listed by Christie's Int'l Real Estate | |||
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Tucked within the gated Lake Travis waterfront enclave of Costa Bella, this exquisitely remodeled Santa Barbara-style estate offers the ultimate blend of elegance, comfort, and resort-style living. Set on 1.34 manicured acres and just steps from the newly renovated clubhouse, the tennis and basketball courts and the neighborhood marina where your own private boat slip awaits, the home enjoys an unbeatable location in one of the area’s most desirable neighborhoods.
A circular drive and porte-cochere lead to a dramatic rotunda foyer with a 35-ft ceiling. The thoughtfully designed layout features multiple living areas ideal for entertaining—highlighted by a sophisticated lounge with fireplace, sunken bar, and formal living room that opens to the backyard retreat. The chef’s kitchen impresses with custom cabinetry, upgraded counters, JennAir 6-burner range, Sub-Zero fridge, large island, and a butler’s pantry. Casual dining and family spaces extend outdoors to a covered patio with built-in grill, fridge, and sink—overlooking a beach-entry pool with swim-up bar and lush, usable yard.
Upstairs, the private primary suite includes a built-in coffee bar, office nook, refinished hardwoods, and a spa-style bath with oversized shower and custom closet. A detached one-bedroom casita with vaulted ceilings, kitchenette, living area, and private utilities offers ideal accommodations for guests.
Other features include an upstairs media room with balcony, redesigned study, epoxy garage floors, upgraded lighting, custom closets, paver drive, tankless water heater, Sonos system, and over $100K in new windows (warranty conveys).
Residents enjoy a private marina, clubhouse with Lake Travis views, tennis/basketball courts, and a strong sense of community—all just 20–25 minutes to downtown Austin and The Domain.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017