ActiveResidential · sale

15016 Flat Top Ranch Rd

Austin, TX 78732

$20,000,000

  • 6 beds
  • 7 baths
  • 9,725 sq ft
  • 5.94 acres
  • Built 2018

Listed by AUSTINTETON · MLS #ACT4447742

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2018.

Garage parking

4 garage spaces listed.

Property size

5.94 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

BELLAGIO FALLS ON LAKE AUSTIN

Bellagio Falls is a preserve-backed Lake Austin estate spanning over six acres with approximately 600 feet of waterfront. Completed in 2018, the nearly 10,000-square-foot residence offers six bedrooms and 6.5 bathrooms, blending Texas ranch character with refined Santa Barbara architectural influence.

A defining feature of the property is the series of cascading waterfalls integrated into the landscape, creating a natural soundscape and visual focal point that frames long lake views. Combined with its extensive frontage, the estate provides meaningful separation and privacy rarely found on Lake Austin.

The residence includes expansive living areas, inlaid Texas mesquite flooring, a media room, billiards room, and a game room with an official-size shuffleboard. A newly constructed resort-style pool and two-story boat dock extend the estate to the water. A four-car garage, private orchard, and ample room for future additions such as a casita or sport court provide flexibility without compromising scale.

The property is surrounded by greenbelt secured through recorded deed restrictions filed with the county, ensuring long-term protection from future development. Across the water lies the Balcones Canyonlands Preserve, federally recognized conservation habitat managed by the City of Austin. The result is open shoreline, reduced congestion, and enduring privacy.

Mature oak trees, a century-old heritage pecan, bald cypress, sycamore, mulberry, and fruit trees anchor the grounds, reinforcing the estate’s established and intentional landscape.

Bellagio Falls represents a rare combination of scale, protected surroundings, and architectural presence in one of Lake Austin’s most desirable stretches.

THE NEIGHBORHOOD

Explore the location.

15016 Flat Top Ranch Rd, Austin, TX 78732

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2018
Full baths
6
Half baths
1
Garage spaces
4
Cooling
Ceiling Fan(s), Central Air, Multi Units, Zoned
Heating
Central, Fireplace(s), Natural Gas
Appliances
Bar Fridge, Built-In Freezer, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Exhaust Fan, Ice Maker, Microwave, Double Oven, Warming Drawer, Tankless Water Heater, Wine Cooler
Flooring
Carpet, Slate, Stone, Tile, Wood
Fencing
Fenced, Front Yard, Gate, Security, Wrought Iron
Accessibility
None
Pool features
Heated, In Ground, Infinity, Outdoor Pool, Pool/Spa Combo, Waterfall
Subdivision
Steiner Ranch Ph 01 Sec 06G
Parcel
01415301260000
HOA
Steiner Ranch Master Association, Inc.
HOA amenities
Common Area Maintenance
HOA fee frequency
Annually
Elementary school
Steiner Ranch
Middle school
Canyon Ridge
High school
Vandegrift
Annual property tax
$327,115.00
HOA fee
$2,305.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$34,548.33
Estimated monthly rent$83,333.33
Cap rate2.32%

Annual operating income: $464,580.01

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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15016 Flat Top Ranch Rd, Austin, TX 78732 · MLS #ACT4447742

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Listing information

MLS #ACT4447742 · Austin Board of Realtors

Listing brokerage: AUSTINTETON
Listing agent: Shaun Cochran

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.