Beautifully imagined and expertly crafted by LTB Design Build, this
exceptional one-story estate flows effortlessly across a private
3.05-acre homesite beneath a canopy of mature trees. Located within
an exclusive gated waterfront community, This estate includes a
private boat slip at the marina with tennis courts and waterfront
park. Spanning 4,521 square feet, thoughtfully designed residence
offers an open, light-filled floorplan showcasing all the finest
appointments. A generous front porch welcomes guests into a grand
foyer, where dramatic walls of glass frame views of the 15' x 30' pool, tranquil water feature, and gardens. The private owner's wing
is thoughtfully positioned, featuring a handsome study, elegant
powder bath, and a spacious primary suite with access to pool and
outdoor living. The luxurious spa-inspired bath offers dual
vanities, a soaking tub, oversized shower, and two walk-in closets.
Designed for both everyday living and entertaining, an expansive
great room, dining area, and kitchen flow seamlessly together to
the oversized outdoor living pavilion. Surrounded by towering
trees, the outdoor retreat provides exceptional privacy and
features a fully equipped outdoor kitchen and abundant space for
alfresco dining and gatherings. The gourmet kitchen is a true
showpiece, appointed with a 48-inch gas range, 48-inch built-in
refrigerator (available with custom cabinetry panels or
stainless-steel finish), wine refrigerator, trench sink integrated
into the chef's island, and an additional sink with front facing
window. A concealed sub-kitchen, accessed through a pocket door,
has a refrigerator, walk-in pantry, dishwasher, and sink-ideal for
catering, and keeping the main kitchen pristine. Completing the
home is a large game room overlooking the woods, plus three guest
suites, each with en-suite baths. Now is your opportunity to work
alongside the LTB Design Build team to customize and make this
remarkable estate truly yours in The Coves at Lake Travis.
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%.
How much can I actually make?
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.
Last updated: 4 months ago (Unlock MLS #ACT5948112)
Price History
Date / Event
Date
Event
Price
Jun 22, 2026
Listed by Coldwell Banker Realty
$3,250,000
Listed by Coldwell Banker Realty
Jan 10, 2022
No longer available
-
No longer available
Oct 21, 2021
Listed by Keller Williams - Austin SW
$400,000
Listed by Keller Williams - Austin SW
Situated behind the gates of the waterfront community, The Cove on Lake Travis, this 3 acre build site offers privacy and a hill country lifestyle. Bring your own builder - Not builder restricted. Possible lake views from secondary story. Includes a boat slip - $1,100 yearly. The community includes a waterfront park, boat ramp, picnic area, and tennis court. District to exemplary Lake Travis ISD schools.
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Garage
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 5
Interior Features: Breakfast Bar, Built-in Features, Double Vanity, Eat-in Kitchen, Entrance Foyer, In-Law Floorplan, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Soaking Tub, Walk-In Closet(s), Ceiling-High, Quartz Counters, Multiple Living Areas, Primary Bedroom on Main, Study/Home Office, Two Primary Closets
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