Active Listing  ·  156 days on market

2510 Belaire East Ln

Granite Shoals, TX 78654
$4,950,000
6 Bed 7 Bath 6,181 sqft $801/sqft Built 2018 0.58 acres 4-Car Garage Pool Waterfront Bel Air Sherwood Shores

One-of-a-kind Luxurious, Santa Barbara-Style Villa built on the shores of Lake LBJ! Over 1 acre of land and approx 200 feet of some of the BEST waterfront money can buy all facing due South to capitalize on the incredible breeze off the lake. Designed by well-known and local Architect Jerome Rugen with Dilineations and expertly executed by Zbranek and Holt builders this incredible lakefront escape in the heart of the Texas Hill Country is a true work of art. 6180 square feet with a total of 6 bedrooms including the beautiful master suite with walk-in closets, a spa-like bathroom with dual vanities, a stone-carved tub and walk in shower. There is an additional guest suite on the main floor ensuring plenty of space and accessibility for those most important to you. The gourmet kitchen is decked out with top-of-the-line appliances, beautiful custom cabinetry, lighted, barreled ceilings with hand carved beams, and phenomenal views out to the water. There is an additional half bath for guests, walk-in pantry, oversized laundry room with center island and a wine room with wet bar under the stairs. 4 additional bedrooms on the second floor plus an additional laundry room for convenience. Here you will also find the exceptional in-home movie theatre; the perfect place to unwind after a long day on the lake. Finding a waterfront lot of this size is nearly impossible and required the developer to piece together multiple tracts. The boat dock is outfitted with a hydraulic boat and wave runner lifts all with touchless covers for convenience and ease and the spaces are designed and sized for the watercraft of today. This might be the nicest and most well done home I have ever stepped foot in. The timeless design and style will appeal to even the most discerning buyer and the attention to detail found throughout this home and property is a real treat to experience first hand. This property can be sold fully furnished for a turn-key hand off. Qualified buyers lets go!

At $801/sqft, this home is priced 81% above the Granite Shoals active market average of $443/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2510 Belaire East Ln, Granite Shoals, TX 78654

Property Details

Price $4,950,000
Status Active Listing
Beds 6
Full Baths 7
Half Baths ,
Living Area 6,181 sqft
Lot Size 0.58 acres (25,286.58 sqft)
Year Built 2018
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Bel Air Sherwood Shores
County Burnet
Zip Code 78654
$/sqft $801/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $69,417.18
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT230724966
List Date May 21, 2026
Elementary School Highland Lake
Middle School Marble Falls
High School Marble Falls
School District ,

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

Schedule a Call →

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 21, 2026 $5,500,000
Current ask $4,950,000
▼ Reduced $550,000 (-10.0%) 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 Granite Shoals

Comparable Listings Right Now

Homes currently for sale in Granite Shoals 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
421 Hillview Dr
Castle Hills
$4,995,000 $934 6 bd / 7 ba 5,350 sqft , 2026-09-24
151 Applehead Island Dr
Applehead Island
$5,395,000 $1,057 5 bd / 5 ba 5,102 sqft , 2026-07-03
120 Applehead Island Dr
Applehead Island
$6,495,000 $1,025 5 bd / 7 ba 6,334 sqft , 2026-10-02

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
$23,760/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
$990,000
20% conventional investment loan

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

Estimated Gross Rent+$23,760
Principal + Interest−$27,014
Property Tax (~2.1% TX avg)−$8,663
Insurance (~0.5%)−$2,063
Est. Monthly Cash Flow $-13,980

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 Granite Shoals, TX

Granite Shoals 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

More Luxury Homes in Granite Shoals

Loading…
View All Luxury Homes →
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 28, 2026.

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