400+ FEET OF WATERFRONT IN ISLAND WOOD A spectacular opportunity with over 400 feet of Lake Austin waterfront at the end of a private peninsula in prestigious Island Wood. Sited on 1.7+ acres, the property features extensive outdoor living with lake views; a large covered terrace with a fireplace overlooks a limestone-surrounded pool and spa. Surrounded by lush greenery the property includes a cabana, stone dining patio and extensive manicured lawns. Two boat slips are served by a boat lift and will get you on the lake in no time. GRACIOUS, WELCOMING HOME This gracious home features a light-filled two-story living room overlooked by a charming balcony from the upper floor. Tucked in a turret, the stunning octagonal dining room is outfitted with detailed hardwood flooring. The large kitchen opens to a hearth-warmed family room and is accented with a rustic beamed ceiling, richly grained granite countertops and warm wood cabinetry. Featuring its own fireplace, the spacious master suite is on the main floor and features a luxurious oversized shower and walk-in closets. ENTERTAIN IN STYLE Host parties in style with guests flowing between the formal living room and the large game room serviced with a full walk-in bar. A cozy adjacent library provides a place for quiet conversation. The floorplan also includes a private guest suite, office/study and large en-suite bedrooms upstairs. Additional luxuries include flex fourth bedroom/additional study and ample storage, which are all great features to utilize while working remotely. 24 Hour Advance Showing Notice.
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Earn from this home
Sell
$5,153,995
Est. take-home
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Refinance
$0
Est. cash available
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Rent
$7,635/mo
Redfin rental estimate
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Market trends in 78733, TX
Last updated September 2026
Buyer's Market
Seller's Market
Balanced market
Sale-to-List Price
96.5%
1.4% MoM
Median sale price
$1.4M
$47K MoM
Avg. days on market
50d
8 days MoM
Recently sold homes
31
3 MoM
Provided by Redfin
Sale history for 2314 Island Wood Rd
Date
Event
Price
Public Records
Apr 26, 2021
Sold
*
Unlock MLS #4213946
Apr 1, 2021
Contingent
—
Mar 17, 2021
Listed
$4,800,000
$718/sq ft
Unlock MLS #6300379
Mar 12, 2015
Contingent
—
Public Records
Aug 11, 1998
Sold
*
$217/sq ft
Public Records
Dec 2, 1985
Sold
*
Public Records
Dec 2, 1985
Sold
*
Public Records
Mar 12, 1982
Sold
*
Year
Property tax
Land + Additions
Assessment*
2026
$101,464
$5,000,000
2025
$101,464 (+2.1%)
$5,000,000
2024
$99,391 (−9.0%)
$5,000,000
2023
$109,221 (−4.7%)
$3,640,000 + $2,074,625
$5,714,625
2022
$114,602 (+157.3%)
$3,640,000 + $1,935,331
$5,575,331
2021
$44,547 (+4.1%)
2020
$42,794 (+9.4%)
$1,170,000 + $1,230,000
$2,400,000
2019
$39,134 (−14.4%)
$1,170,000 + $1,230,000
$2,400,000
2018
$45,742 (+8.3%)
$1,350,000 + $1,023,636
$2,373,636
2017
$42,246 (+2.8%)
$1,350,000 + $1,023,636
$2,373,636
2016
$41,093 (+2.6%)
$1,350,000 + $1,023,636
$2,373,636
2014
$40,067 (+4.4%)
2013
$38,366 (+2.3%)
2012
$37,521 (+3.2%)
$1,350,000 + $651,465
$2,001,465
2011
$36,360 (−9.2%)
2010
$40,056
2009
$40,056
Tax history for 2314 Island Wood Rd
Year
Property tax
Land + Additions
Assessment*
2026
$101,464
$5,000,000
2025
$101,464 (+2.1%)
$5,000,000
2024
$99,391 (−9.0%)
$5,000,000
2023
$109,221 (−4.7%)
$3,640,000 + $2,074,625
$5,714,625
2022
$114,602 (+157.3%)
$3,640,000 + $1,935,331
$5,575,331
2021
$44,547 (+4.1%)
2020
$42,794 (+9.4%)
$1,170,000 + $1,230,000
$2,400,000
2019
$39,134 (−14.4%)
$1,170,000 + $1,230,000
$2,400,000
2018
$45,742 (+8.3%)
$1,350,000 + $1,023,636
$2,373,636
2017
$42,246 (+2.8%)
$1,350,000 + $1,023,636
$2,373,636
2016
$41,093 (+2.6%)
$1,350,000 + $1,023,636
$2,373,636
2014
$40,067 (+4.4%)
2013
$38,366 (+2.3%)
2012
$37,521 (+3.2%)
$1,350,000 + $651,465
$2,001,465
2011
$36,360 (−9.2%)
2010
$40,056
2009
$40,056
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
6
Baths
5
Stories
2
Lot width
400 ft.
Lot depth
—
Lot size
1.76 Acres
Year renovated
—
Sq. Ft.
6,684
Year built
1986
Style
Single Family Residential
County
Travis County
APN
126977
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 21, 2026.
Jun 23, 2022 • Final
Building
Perform a total demolition of an in-ground swimming pool.
Demolition
Jan 20, 2022 • Final
Residential
Work on a remodel.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage/Carport Information
Has Garage
# of Garage Spaces: 3
Parking
# of Parking (Total): 3
# of Covered Spaces: 3
Interior
Bedroom Information
# of Main Level Bedrooms: 1
Bathroom Information
# of Full Bathrooms: 5
# of Half Bathrooms: 2
Room 1 Information
Primary Bedroom
Room 2 Information
Living Room
Room 3 Information
Dining Room
Room 4 Information
Game Room
Room 5 Information
Kitchen
Room 6 Information
Family Room
Room 7 Information
Laundry
Room 8 Information
Primary Bathroom
Room 9 Information
Office
Fireplace Information
Has Fireplace
# of Fireplaces: 3
Features: Family Room, Outside
Equipment
Appliances: Double Oven, Dishwasher, Gas Cooktop, Microwave, Refrigerator
Interior Features
Window Features: Window Treatments
Flooring: Carpet, Tile, Wood
Other Features: Book Cases, Separate/Formal Dining Room, Dumbwaiter, High Ceilings, Multiple Living Areas, Multiple Dining Areas, Main Level Primary, Vaulted Ceiling(s)