Active Listing  ·  69 days on market

206 BELLA CIMA Dr

Austin, TX 78734
$2,995,000
5 Bed 5 Bath 6,056 sqft $495/sqft Built 2004 1.00 acres 3-Car Garage Pool COSTA BELLA

Located within an exclusive waterfront gated community-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 $495/sqft, this home is priced 27% above the Austin active market average of $391/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 $2,995,000
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 $495/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.

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
3809 Verano Dr
Barton Creek Ph 04 Sec H
$2,995,000 $620 4 bd / 5 ba 4,830 sqft , 2026-05-01
10202 Epsilon Way
River Place, Milky Way at River Place
$2,994,990 $652 5 bd / 7 ba 4,595 sqft , 2026-02-11
3735 Lost Creek Blvd
Estates Above Lost Creek
$2,999,500 $609 4 bd / 5 ba 4,925 sqft , 2026-06-26
6504 W Courtyard Dr
Shepherd Mountain Ph 02
$3,000,000 $584 4 bd / 5 ba 5,133 sqft , 2026-03-05
6316 Caudill Ln
Creeks Edge
$2,985,000 $694 5 bd / 5 ba 4,301 sqft , 2026-04-07

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
$14,376/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
$599,000
20% conventional investment loan

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

Estimated Gross Rent+$14,376
Principal + Interest−$16,345
Property Tax (~2.1% TX avg)−$5,241
Insurance (~0.5%)−$1,248
Est. Monthly Cash Flow $-8,458

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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