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Austin · Costa Bella

$3,999,999 189 days on market

Reduced from $4,450,000 · −10.1%

203 Bella Riva Dr, Austin, TX 78734

  • 5bedrooms
  • 6bathrooms
  • 6,326sqft
  • 2.2acres
  • 2002year built

About this home

Situated on 2+ acres within gated Costa Bella, this waterfront estate offers year round Lake Travis enjoyment—an increasingly rare combination of acreage, privacy, & consistent water access.
A private path to the observation deck & tram lead to a two-slip boat dock in a protected deep-water cove, navigable even during drought conditions. The dock accommodates a 23’+ boat & jet skis with HydroHoist lifts, providing immediate access to open water while shielded from heavy boat traffic.
Designed to maximize panoramic lakeviews, the home features nearly 2,000 square feet of terraces and balconies with windows framing the lake from the grand foyer, dining, primary suite, library, and main living areas.
The main residence includes 4 bedrooms, 4 full baths, and 2 half baths. A separate casita with private entry & kitchenette is ideal for guests, multigenerational living or poolside entertainment.
Architectural details include soaring ceilings, wood beams, stone accents, & custom millwork. The refreshed gourmet kitchen features updated countertops, backsplash, redesigned island, and Janska range, opening to cozy patios for alfresco dining.
The primary suite offers terrace access, fireplace, coffee bar, spa bath, and sweeping water views. Resort-style outdoor living includes a heated pool, expansive terraces, and sunset views across the cove.
Recent improvements include HVAC (2024), retaining wall/foundation enhancements (2024), pool updates, Tesla solar system with three Powerwall batteries, and smart lighting integration.
Residents enjoy access to the Costa Bella waterfront clubhouse with pool, fitness center, lighted tennis & basketball courts, and event space.
Located in highly acclaimed Lake Travis ISD, minutes to Bee Cave, Lakeway, Hill Country Galleria, & ~30 minutes to Downtown Austin, this deep-water Lake Travis property offers gated privacy, resort amenities, and rare proximity to the city.

Property

Type
Single Family Residence
Levels
Two
Year built
2002
Lot size
2.17 acres
Subdivision
Costa Bella
MLS #
ACT4012543

Inside

Bedrooms
5
Bathrooms
6
Living area
6,326 sqft
Fireplaces
3

Outside / parking

Garage spaces
4
Pool
Yes — private
Waterfront
Yes

Schools

Elementary
Lake Travis
High school
Lake Travis
District
Lake Travis ISD

Costs

HOA
$3,267 / annually
Est. annual taxes
$59,635 (2025)

Listing

First listed
Oct 31, 2025
Days listed
189
Original price
$4,450,000
Status
Active

Listed by Monica Fabbio, Christie's Int'l Real Estate · [email protected] · MLS# ACT4012543 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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