private sanctuary on the shores of Lake Austin ideally suited t $8,495,000

Lake Home Off Market

- private sanctuary on the shores of Lake Austin ideally suited to create the ultimate Lake Austin estate. One of the last 5+ acre parcels left on Lake Austin in EANES ISD.Once owned by Percy Pennybacker for over 30 years, this property has long been considered to be one of the very best on the lake. Magnificent views can be observed from both the hilltop peninsula and lakeside of this gated 5.5 acre private lakefront estate. The property faces up the lake to the west and across the lake to the new homes of Big View Drive and the surrounding preserve providing a spectacular panorama perspective.Featuring over 360+ or - feet of water frontage fully landscaped and accessible. Long views down the lake provide for stunning sunsets and being situated on the outside bend of the lake creates big water views.The spectacular Boat Dock was completed in early 2017 with waterfront landscaping and new gated entryways. The 2- level dock provides a 1200 sqft upper deck with an amazing kitchen and bar, dining area and extensive lounging areas. The lower deck allows for easy water access with swim platforms, SUP and kayak racks and 2 boat slips. The dock also has a large storage closet and underwater lights.The property has natural topography which provides incredible privacy and serenity including 5 foot thick limestone rim rock along the top of the ridge facing the lake, a hill to the east of the property which provides privacy and a canyon running along the west which creates a peninsula upon which the existing home sits and produces the amazing views. The property is accessed by2 entry gates each situated at the end of Cliffwood and Ski Slop Drive providing an even greater sense of privacy. The existing home is 2500 sq ft, 3 bedroom, 2 bath with pebbletech pool and lounging/dinning areas perfectly positioned to take in the view.The property - also enjoys the lower 1.83% tax rate. The property carries in excess of 30k sq ft of impervious coverage. - Listed privately by