A luxury estate on the Colorado River in Austin, Texas, is up for sale with a hefty price tag. The nearly 5-acre property includes three parcels and features a stunning three-story stone-and-stucco home on Island Cove. Built in 1999, the renovated property boasts five bedrooms, three kitchens, and eight living areas, perfect for entertaining. The outdoor space includes a pool, hot tub, swim-up bar, and boat dock, making it an ideal spot for those who love the water.
The seller, Mike Rypka, founder of Torchy’s Tacos, purchased the property in 2017 and underwent a major renovation to transform the space into a luxurious retreat. The estate spans 4.8 acres with 450 feet of waterfrontage and is listed for $25 million for all three parcels or $19 million for two.
The property includes numerous upgrades, including hardwood flooring, reconfigured rooms, and overhauled finishes in the bathrooms and kitchen. The listing agent notes that this is one of the largest acreage offerings currently available on Lake Austin, located “inside” the Pennybacker Bridge on the Austin side of the lake.
While the $25 million price tag makes it a competitive sale, other waterfront homes on Lake Austin are asking for similar or higher prices. Rypka’s estate has been renovated to perfection, making it a unique and exclusive offering in the market.
Source: https://www.mansionglobal.com/articles/texas-taco-chain-founder-lists-25-million-compound-the-most-expensive-listing-in-austin-ff3d2f4b