A $19 million asking price for an estate on the Colorado River topped Austin’s offerings last week as listings over $2 million surged.
The property, at 4705 Island Cove, includes an updated modern home on just over an acre with an adjacent 2.1-acre lot at 4709 Island Cove.
The main residence features eight living spaces, including a game room, walk-in humidor, pool with swim-up bar and an outdoor kitchen. The property also includes three guest suites, a safe room, three-car garage and a two-slip boat garage. The asking price pencils out to $1,860 per square feet.
A separate listing includes 4705 Island Cove, 4709 Island Cove and 4400 Island Avenue for $25.5 million, combining 4.85 acres and approximately 450 feet of Lake Austin frontage.
Eric Moreland of Moreland Properties has the listing; the identity of the seller, who owns all three properties, is hidden by a trust.
Forty-eight listings over $2 million were added to Austin’s inventory last week, 12 more than it added the week prior, according to the Eklund Gomes luxury report.
Contracts on luxury homes dipped, from 12 the week before to six last week, five single-family homes and one $2.24 million condo. Purchases typically slow when the annual 9-day SXSW festival and conference takes over the city, Eklund Gomes’ Michael Reisor said.
The top contract was for a 5,800-square-foot home last listed for $5.3 million at 4900 Amarra Drive in Barton Creek. It has five bedrooms and a detached guesthouse. It asked $900 per square foot and was listed by Eric Moreland.
The other four single-family homes ranged in listed price from $2.5 to $3.25 million, with three in Tarrytown and one near Bee Cave, in the Bella Montagna neighborhood.
The condo deal went down for a penthouse asking about $900 per square foot at 901 West 9th Street, unit 704, at the Nokonah residences. The nearly 2,500-square-foot unit has 2 bedrooms, a balcony and an 800-bottle wine cellar.
The Nokonah was developed by Robert Barnstone and Perry Lorenz in 2001. The condo was listed by Moreland Properties’ Diane Humphreys.
— Judah Duke
