$3,750,000

Property Overview

Architect Jeffrey Berkus designed this extraordinary waterfront estate at 203 Bella Riva Drive in Lakeway's exclusive Costa Bella community, positioning it as one of Austin, TX's most prestigious Lake Travis addresses. Situated on more than two acres within a protected deep-water cove, the residence commands sweeping lake views from expansive terraces and balconies that flow seamlessly into living spaces defined by soaring ceilings, exposed wood beams, and walls of windows. The property's sophisticated layout encompasses five en-suite bedrooms plus a detached casita with private entrance and kitchenette, ideal for guests or multi-generational living, while the recently updated kitchen showcases a Janska range and fireplace that anchors the culinary heart.

Beyond the home itself, the estate captures the full Lakeway resort lifestyle through a private tram and observation deck leading to a two-slip boat dock equipped with HydroHoist lifts, marina access, and direct waterfront engagement. The primary suite functions as a private sanctuary with fireplace and spa amenities, while custom millwork and natural stone accents throughout reflect meticulous attention to detail. High-end entertaining spaces are thoughtfully integrated throughout, making this Lakeway residence equally suited to refined daily living and hosting memorable gatherings.

Vox Residential Insight

This property represents the pinnacle of Lake Travis waterfront living, combining architect-designed sophistication with genuine operational waterfront access—a combination rarely available in the Austin market. The Vox Residential team recognizes that homes at this caliber in Lakeway compete on both lifestyle amenities and investment positioning, and 203 Bella Riva's dock infrastructure and gated community status create meaningful long-term appeal beyond typical residential considerations.

Agent Description

Designed by acclaimed architect Jeffrey Berkus, this extraordinary waterfront estate on Lake Travis is set on more than 2 acres within the gated Costa Bella community. Positioned on a protected deep-water cove, the property features a private tram and observation deck leading to a two-slip boat dock with HydroHoist lifts. Expansive terraces and balconies capture sweeping lake views, while walls of windows bring the waterfront setting into nearly every major living space. Thoughtfully designed for both everyday living and entertaining, the residence includes five en-suite bedrooms, including a detached casita with a private entrance and kitchenette. High ceilings, exposed wood beams, natural stone accents, and custom millwork create a warm yet sophisticated atmosphere throughout. The recently updated kitchen features refreshed finishes, a Janska range, and a fireplace that adds to the luxurious ambiance. The primary suite serves as a private retreat with a fireplace, coffee bar, spa-inspired bath, terrace access, and panoramic water views. Exceptional outdoor living features a heated pool, expansive patios, and multiple vantage points for enjoying sunsets over the lake. Recent enhancements include HVAC systems, retaining wall and foundation improvements, pool upgrades, Tesla solar panels with three Powerwall batteries, and integrated smart lighting. Residents of Costa Bella enjoy access to a waterfront clubhouse, resort-style pool, fitness center, tennis and basketball courts, and community event spaces, completing one of Lake Travis' most exceptional waterfront offerings. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

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 $593/sqft, this listing is priced 106% above the Lakeway median of $288/sqft.

Property Details

Listing data last updated: July 16, 2026

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