3111 Ski Shores Terrace offers a rare opportunity to own a Mediterranean-style retreat on one of Lake Austin’s most coveted stretches. Privately gated with a security wall, this .4-acre property ensures unparalleled privacy and serenity. With five bedrooms, four full bathrooms, and two powder rooms, the home boasts top-quality materials including travertine floors, granite countertops, and antique plaster walls. Unique design features include a thoughtfully curated buildout with custom doors and wood trim imported from Central America, copper fixtures throughout, and a stunning sunroom with antique barn wood beams and a custom lamp from the Middle East. The property’s four-car garage, cedar closet, and full gym add to its functional elegance, while a large recreation or studio room offers versatility. A large zero-edge pool, hot tub, and multiple decks provide serene spots to unwind, all with breathtaking views of Lake Austin. A private boat dock with an upper party deck ensures effortless lake access for boating and entertaining, plus a large outdoor fireplace, grill, and fenced-in backyard. The home features a custom aviary, water feature, and an impressive outdoor setting designed for year-round enjoyment. With a unique copper-walled bathroom, a saltwater reef tank, and custom tilework throughout, every detail has been thoughtfully curated for luxury and comfort. Additionally, the property currently generates about $250,000–$300,000 per year in short-term rental income with the current owner — making it an extremely lucrative business investment. Its proximity to local landmarks like Ski Shores Cafe and the 360 Bridge adds convenience and charm, while the absence of HOA fees enhances its appeal. With an acceptable offer, the boat, jet ski, and select furnishings and art convey. 24Hr Showing Notice. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.