Properties like this don't come a long very often. This rare opportunity to build a one of a kind private Lake Austin trophy estate less than 13 miles to downtown and in the acclaimed Eanes School District is now available The location, acreage, waterfrontage, views and development possibilities make this property a once in a lifetime opportunity. Create your legacy on the shores of Lake Austin! 

People are moving from all over the world to enjoy Austin's uniqueness and what better way to experience the tranquility and luxury of living on the water. This large acreage gated estate has over 360 +/- feet of lapping waterfrontage and a spectacular boat dock that was completed in 2017. The 2- level dock provides a 1200 sqft upper deck with an amazing kitchen and bar, dining area and extensive lounging areas. The lower deck allows for easy water access with swim platforms, SUP and kayak racks and 2 boat slips. The dock also has a large storage closet and underwater lights.

This property has over 5.5+/- acres with unbridled development opportunity. The property carries in excess of 30k sqft of impervious coverage and is uninhibited by HOA to constrain development options. Build a spectacular home, a compound with multiple building sites, equestrian facility.....the possibilities are endless. 

Once owned by Percy Pennybacker for over 30 years, this property has long been considered to be one of the very best on the lake. Magnificent views can be observed from both the hilltop peninsula and lakeside. The property has natural topography which provides incredible privacy and serenity including 5 foot thick limestone rock along the top of the ridge facing the lake, a hill to the east of the property which provides privacy and a canyon running along the west which creates a peninsula upon which the existing home sits and produces the amazing views. Long views down the lake provide for stunning sunsets and being situated on the outside bend of the lake creates big water views. The property is accessed by 2 entry gates each situated at the end of Cliffwood and Ski Slope Drive providing an even greater sense of privacy. 

The existing home is 2500 sqft, 3 bedroom, 2 bath with pebbletech pool and lounging/dining areas perfectly positioned to take in the view. It can be used for long term rentals, to use as a homestead exemption, lake cabin, or a place to live while you plan your masterpiece.

The property enjoys the lower 1.83% tax rate. The possibilities are endless to own a legendary large acreage estate on Lake Austin.    www.legacyonlakeaustin.com

Listed for $7,250,000