Located in The Island, one of Austin s most desirable gated communities, 4701 Island Cove sits on approximately 0.94 acres of elevated grounds with sweeping views and direct access to Lake Austin. The property includes an exquisite modern main residence, spacious green yard, pool and spa, gym, and private dock with a boat and Jet Ski slip. A separate guest casita provides full independent living with a kitchen, living room, bedroom, and bathroom. Additional features include a 3-car garage with a lift, a home generator, and outdoor areas designed to take full advantage of the picturesque waterfront setting. Inside the main home, high ceilings and large windows showcase the stunning views. The open kitchen features elegant cabinetry, countertops, and an oversized island with bar seating, while a breakfast nook with expansive windows overlooks the gorgeous grounds and hills beyond. Flexible rooms can serve as bedrooms or offices, and the game room with a kitchenette, hand-painted murals, and sliding doors to the pool area serves as the perfect space to relax or gather. The primary suite includes a massive closet ideal for a shoe collector and a spa-like bathroom with immaculate finishes and a soaking tub.  In addition to the meticulous updates made throughout the property, the current owners have invested $200,000 into fully permitted plans (subject to HOA approval) designed by Outward Architecture. The upgrades include a resort-style pool by the water and an expansive outdoor kitchen and cabana area surrounding the guest casita.  The property s prime location provides both privacy and convenience. It is situated near Mount Bonnell, Westwood Country Club, Laguna Gloria, and Mayfield Park and Nature Preserve, offering convenient access to outdoor recreation, cultural destinations, and scenic spots along Lake Austin. This combination of location, design, and amenities makes 4701 Island Cove a distinctive waterfront estate in a highly sought-after neighborhood.