Castello Sul Lago, Estate of the Day

by Deidre Woollard (RSS feed)
Aug 11th 2010 at 1:01PM

Today's estate is a story of a listing price in freefall. A reader brought this lavish home in Spicewood, Texas to our attention. Back in February it was listed at $16 million but it's had some major price cuts.

Castello Sul Lago is in the gated Lakecliff subdivision in Spicewood, near Austin. The name is Italian for Castle on the Lake and the home overlooks a deep bend in Lake Travis. The more than 17,000-square-foot estate sits on about 31/2 acres. The elaborate home has marble floors, two-story Corinthian columns and spiral staircases with wrought-iron and gold-leaf railings. The home makes the most of the views. A two-story living room with a built-in wet bar overlooks the tranquil lake. The library is also two stories and has red walls, columns and a chandelier. A February article in the Statesman on the house says that all of the chandeliers are antiques from Europe.

The master bedroom has a fireplace and more amazing views. The complete master suite includes a bathroom with a dual-head shower room as well as two closet rooms and a cedar closet. The suite offers access to an outdoor hot tub a few stairs down. Other features include a wine cellar, a three-room art gallery, office, media room, and a third-floor ballroom with a wet bar. Outside there are three negative-edge pools and more than 6,000 square feet of outdoor terraces and balconies as well as a guest house, workout room and meditation room. Housekeeper's quarters are above the five-car garage.

AvenueOne Properties has the listing of the home which is now priced at just $9.8 million.

[Thanks, Blake!]

Gallery: Castello Sul Lago