Luxurious Estate in Austin Hits Market for $25.5 Million

News Summary

A stunning estate in Austin, Texas, previously owned by Torchy’s Tacos founder Mike Rypka, is now available for sale at $25.5 million. The luxurious property spans nearly 5 acres, featuring 10 bedrooms, 12 bathrooms, and high-end amenities, including a game room and a rotunda-style living room. Buyers can choose to purchase the entire estate or just the main house for $19 million. Located in an exclusive community, the property is expected to attract significant interest from affluent buyers.

Austin, Texas: Luxurious Estate for Sale

What Happened

A remarkable estate in Austin, Texas, owned by Mike Rypka, founder of Torchy’s Tacos, has hit the real estate market with a listing price of $25.5 million. This impressive property comprises three lots situated at 4705 and 4709 Island Cove and 4400 Island Avenue. Buyers have the option to purchase the entire estate or just the main house with an empty lot for $19 million.

Property Overview

The total area of the estate spans nearly 5 acres and features a total of 10 bedrooms and 12 bathrooms distributed across several dwellings. The main house, located at 4704 Island Cove, was originally built in 1999 and has undergone renovations spearheaded by the Austin-based Britt Design Group.

The main house offers an expansive living space of 10,227 square feet, characterized by eight living spaces and numerous luxurious amenities. One notable aspect of the estate is its game room, which provides entertainment options beyond the beautiful views of Lake Austin.

Amenities and Features

The estate is rich in high-end amenities. Key features of the main house include:
– A humidor for cigar lovers
– A safe room for security
– A fully-equipped catering kitchen suitable for hosting events
– A stunning rotunda-style living room that provides impressive views of the lake
– The primary suite boasts two walk-in closets, a backlit granite shower, and heated floors

Additionally, there is a second residence on the property, which includes five bedrooms and a detached one-bedroom casita. The estate also features an undeveloped two-acre lot, presenting opportunities for expansion.

Waterfront Location and Community

Situated within an exclusive community known as The Island, this estate provides a luxurious waterfront living experience. Properties within this locale are highly sought after, making Lake Austin a hotspot for high-end real estate listings. Last year, a home in the area was recorded at a listing price of $27 million, further emphasizing the upscale nature of the market.

Marketing and Real Estate Professionals

The listing of Rypka’s estate is being managed by Eric Moreland of Moreland Properties, a trusted name in Austin’s real estate scene. Given the opulence of the estate, interest from potential buyers is anticipated to be high.

Impact and Market Trends

The listing of this estate could have a ripple effect on the local real estate market in Austin, particularly concerning luxury properties. As sophisticated buyers seek bespoke estates, properties like Rypka’s may serve as benchmarks for future listings and sales in the area.

The overall landscape of Lake Austin real estate continues to thrive, underscoring the expansion of high-value homes that cater to affluent buyers looking for a combination of exclusivity, luxury, and breathtaking views. Whether sold as a complete package or in parts, Rypka’s estate is poised to garner significant attention from those seeking premium waterfront properties.

What’s Next?

As the estate goes on the market, the focus will now shift to potential buyers and their interest in the luxurious offerings provided. Prospective homeowners are likely to explore the unique features of the estate while real estate experts will monitor the response to the high listing price in this upscale market.

Ultimately, this significant listing represents not only an extravagant residence but also a continued evolution in the luxury real estate market of Austin, Texas.

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Additional Resources

• Chron: Lake Austin Compound
• Wikipedia: Austin, Texas
• Mansion Global: Texas Taco Chain Founder Lists $25 Million Compound
• Google Search: Torchy’s Tacos Founder
• CultureMap Austin: Torchy’s Tacos Founder Selling Mansion
• Google Scholar: Lake Austin Real Estate
• Bangor Daily News: Donald Trump Jr. Buys Maine Hunting Land
• Encyclopedia Britannica: Austin, Texas
• SILive: 10 Most Expensive Homes Sold on the North Shore
• Google News: Austin Luxury Real Estate