Luxury Lakefront Compound Hits Market for $25.5 Million

News Summary

A luxurious lakefront compound in Austin has been listed for $25.5 million. Spanning nearly 5 acres with multiple dwellings, the property boasts a total of 10 bedrooms and 12 bathrooms. Formerly owned by the founder of Torchy’s Tacos, Mike Rypka, this exclusive listing features high-end amenities and beautiful views of Lake Austin. The property is split into three lots, offering potential for individual purchases, reflecting the elite real estate market in Austin.

Austin – A distinguished lakefront compound at 4705 and 4709 Island Cv. and 4400 Island Ave. has recently been put on the market with a staggering asking price of $25.5 million. The property consists of three unique lots that can also be purchased individually, with two available for $19 million. This luxurious listing is notable not only for its price but also for its former owner, Mike Rypka, the founder of the renowned Austin-based taco chain, Torchy’s Tacos.

Property Details

This expansive property spans nearly 5 acres and encompasses multiple dwellings, featuring a total of 10 bedrooms and 12 bathrooms. Situated in a highly exclusive enclave on what is locally known as The Island, which is known for its serene environment and upscale real estate, the compound’s main house at 4704 Island Cv. showcases a unique rotunda-style living room that offers picturesque views of Lake Austin.

The main residence includes several high-end amenities such as a humidor, a game room, a safe room, and a spacious catering kitchen. Next to the main house is a second residence featuring five additional bedrooms and a casita with its own dock. Additionally, the third lot situated between these two homes is currently undeveloped, offering potential buyers the opportunity for further development.

Background on the Owner

Mike Rypka, the founder of Torchy’s Tacos, previously spoke about the unique characteristics of the main house, noting that parts of it had a distinctly “really ’80s” feel. In order to modernize the space and enhance its appeal, Rypka engaged the Britt Design Group, a local design firm, to conduct renovations and revamp the interior of the main house.

Real Estate Market Context

This listing is part of a trend within the Lake Austin real estate market, which is recognized for having some of the most expensive properties in the Austin area. The compound ranks among the highest-priced listings currently available, alongside other elite homes in the vicinity. A comparable high-profile property was recently listed by venture capitalist Alex Davis for $27 million, reflecting the competitive nature of luxury real estate in this region.

Official Listing and Management

The property is being managed by Eric Moreland of Moreland Properties, a respected name in the Austin real estate market. The extensive features and upscale location are expected to attract affluent buyers looking for a distinctive residence in one of the city’s most sought-after neighborhoods.

Future Prospects

As the real estate landscape in Austin continues to evolve, it remains to be seen how prospective buyers will respond to this unique listing. The combination of luxury amenities, scenic views, and a strategic location makes this compound a rare find. Interested parties are likely to consider the exclusive lifestyle that comes with ownership of such a high-end property in a breathtaking lakefront setting.

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HERE Resources

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Additional Resources

• Houston Chronicle: Lake Austin Compound Listing
• Wikipedia: Austin, Texas
• Houston Chronicle: High-Profile Lake Austin Property
• Google Search: Lake Austin Real Estate
• Houston Chronicle: Austin’s Luxury Real Estate Market
• Google Scholar: Luxury Real Estate Market Austin
• Houston Chronicle: Austin’s Most Expensive Properties Listed
• Encyclopedia Britannica: Lake Austin
• The Real Deal: Torchy’s Tacos Founder Sells Lakefront Home
• Google News: Lake Austin Real Estate