Active Listing  ·  119 days on market

206 BELLA CIMA Dr

Austin, TX 78734
$2,799,000
5 Bed 5 Bath 6,056 sqft $462/sqft Built 2004 1.00 acres 3-Car Garage Pool COSTA BELLA

Located within an exclusive waterfront gated community in Costa Bella - Lake Travis, this stunning estate showcases a timeless Mediterranean–Tuscan blend, combining old-world charm with modern luxury and resort-style living. Set on a beautifully landscaped acre lot with mature trees and a circular drive, the home offers exceptional curb appeal with its stone and stucco exterior, terracotta tile roof, and elegant architectural details.

Inside, soaring ceilings, arched openings, and expansive windows fill the home with natural light, creating a warm yet sophisticated atmosphere. The main living area features a dramatic stone fireplace and seamless views of the backyard oasis, while the formal dining room offers an elegant setting for entertaining. The chef’s kitchen is both functional and inviting, with custom cabinetry, granite countertops, a large center island, and premium appliances, all opening to the main living spaces.

The spacious primary suite serves as a private retreat, complete with a sitting area, spa-inspired bath, soaking tub, walk-in shower, and generous closet space. Additional living areas include an executive office, media room, and flexible spaces designed for today’s lifestyle.

Step outside to a true resort-style backyard, featuring a custom pool with rock waterfall, slide, and spa, surrounded by lush landscaping and multiple seating areas. The covered outdoor living space with fireplace and dining area makes year-round entertaining effortless.

Aerial views highlight the home’s privacy, scale, and proximity to Lake Travis, offering the perfect balance of tranquility and convenience. This exceptional property delivers luxury, lifestyle, and location in one of the area’s most sought-after gated communities.

At $462/sqft, this home is priced 18% 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

206 BELLA CIMA Dr, Austin, TX 78734

Property Details

Price $2,799,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 6,056 sqft
Lot Size 1.00 acres (43,560 sqft)
Year Built 2004
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision COSTA BELLA
County Travis
Zip Code 78734
$/sqft $462/sqft
Days on Market ,
HOA $4,350/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226414726
List Date May 27, 2026
Elementary School Lakeway
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.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · May 27, 2026 $3,200,000
Previous ask $2,995,000
Current ask $2,799,000
Reduced $401,000 (-12.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
16118 Clara Van St
San Casciano
$2,949,000 $519 5 bd / 6 ba 5,680 sqft , 2026-05-01
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
201 Costa Bella Dr
Costa Bella
$3,650,000 $522 5 bd / 6 ba 6,986 sqft , 2026-06-18
15903 Soleil Ct
Vineyard Bay Ph 01
$1,895,000 $325 4 bd / 5 ba 5,829 sqft , 2026-04-30

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
$13,435/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
$559,800
20% conventional investment loan

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

Estimated Gross Rent+$13,435
Principal + Interest−$15,275
Property Tax (~2.1% TX avg)−$4,898
Insurance (~0.5%)−$1,166
Est. Monthly Cash Flow $-7,904

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 September 23, 2026.

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