Active Listing  ·  97 days on market

201 Costa Bella Dr

Austin, TX 78734
$3,650,000
5 Bed 6 Bath 6,986 sqft $522/sqft Built 1999 1.35 acres 4-Car Garage Pool Costa Bella

Beautifully & impeccably remodeled from top to bottom, this Santa Barbara-style estate sits on 1.34 acres in the gated waterfront community of Costa Bella within Lake Travis ISD. One of its most exceptional features is the location—simply step through the backyard gate and you're approximately 30 yards from the neighborhood's premier amenities, including the tennis and basketball courts, clubhouse, private marina, and the property's existing boat slip. Walk over in moments or take your golf cart for effortless lake living.

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.

At $522/sqft, this home is priced 33% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

201 Costa Bella Dr, Austin, TX 78734

Property Details

Price $3,650,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths 1
Living Area 6,986 sqft
Lot Size 1.35 acres (58,762.44 sqft)
Year Built 1999
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Costa Bella
County Travis
Zip Code 78734
$/sqft $522/sqft
Days on Market ,
HOA $2,970/Annually
Annual Tax Est. $42,101.98
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236558629
List Date June 18, 2026
Elementary School Lake Travis
Middle School Hudson Bend
High School Lake Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
203 Bella Riva Dr
Costa Bella
$3,750,000 $593 5 bd / 7 ba 6,326 sqft , 2026-06-26
16005 Chateau Ave
Vineyard Bay Ph 01
$2,995,000 $500 5 bd / 6 ba 5,988 sqft , 2026-05-08
103 Bella Cima Dr
Costa Bella Sec 02
$2,995,000 $429 5 bd / 6 ba 6,987 sqft , 2026-07-17
16118 Clara Van St
San Casciano
$2,949,000 $519 5 bd / 6 ba 5,680 sqft , 2026-05-01
206 BELLA CIMA Dr
COSTA BELLA
$2,799,000 $462 5 bd / 5 ba 6,056 sqft , 2026-05-27

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$17,520/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$730,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$17,520
Principal + Interest−$19,920
Property Tax (~2.1% TX avg)−$6,388
Insurance (~0.5%)−$1,521
Est. Monthly Cash Flow $-10,309

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on June 21, 2026.

📞 (254) 718-2567 [email protected] More about Luke →