Property Overview

This striking Bella Montagna estate in Lakeway presents refined Hill Country living with commanding Lake Travis views and direct marina access. Situated within one of Austin, TX's most coveted gated communities, the 5,183-square-foot residence spans three levels with five bedrooms and six bathrooms, each guest suite featuring its own ensuite bath. The main level showcases a sophisticated kitchen with premium appliances and a statement breakfast bar that flows seamlessly into expansive living and dining spaces framed by walls of windows capturing sweeping Hill Country vistas.

The primary suite serves as a private sanctuary with an elegant ensuite, generous walk-in closet, and panoramic views, while three additional living areas and a dedicated media room accommodate both everyday living and formal entertaining. Multiple outdoor terraces provide ideal settings for morning coffee or evening gatherings overlooking the landscape. Located on a sprawling 1.05-acre lot in the heart of Lakeway's resort-lifestyle community, this 205 Palazza Alto Drive property offers immediate access to Lake Travis boating, championship golf courses, and waterfront dining—all hallmarks of this distinctive neighborhood.

At $345 per square foot, this residence sits modestly above the area's $322 median, reflecting its premium positioning within one of Austin's most exclusive lakefront communities. The thoughtful three-level design and extensive outdoor living spaces make this estate an exceptional offering for those seeking sophisticated Hill Country waterfront living.

Agent Description

Experience refined Hill Country living in this stunning Bella Montagna estate, located within one of Lakeway’s most prestigious gated communities. Spanning three levels with five bedrooms and five-and-a-half bathrooms, this residence offers both sophistication and comfort in equal measure. The main level is designed for effortless living and entertaining, with a statement kitchen featuring premium appliances and a stylish breakfast bar flowing into expansive dining and living areas. Walls of windows frame sweeping Hill Country views, creating a seamless connection between indoors and out. The primary suite offers a private retreat with an elegant ensuite bath, generous walk-in closet, and panoramic vistas. Each additional bedroom includes its own ensuite, ensuring privacy and convenience for family and guests. Thoughtful design extends throughout the home with three separate living areas, a dedicated media room, and multiple outdoor terraces ideal for both quiet mornings and evening gatherings. Enhanced with solar panels, this residence combines modern efficiency with timeless design. With its elevated setting, abundant natural light, and versatile spaces, this Bella Montagna home delivers a lifestyle defined by elegance, sustainability, and exceptional views.

Neighborhood: Lakeway

This property is located in Lakeway, Austin, TX. The area is known for Lake Travis Living, Marina Access, Golf Courses, Waterfront Dining, Resort Lifestyle.

At $345/sqft, this listing is priced 12% above the Lakeway median of $307/sqft.

Property Details

Listing data last updated: March 25, 2026

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