This magnificent estate inspired by the historic Venetian villas that line the Grand Canal was exquisitely crafted along nearly two hundred feet of Lake Austin waterfront. The meticulously maintained grounds of this property are set on a premium half-acre in the prestigious gated, waterfront community, the Island at Mount Bonnell Shores. Slightly under 12,000 feet, this home offers opulent Austin living, fit for an Italian aristocrat!The stunning entry to the home welcomes you with a circular brick walkway around a majestic fountain, flanked by a private gardens and lined with beautifully manicured rose bushes, shrubs and stone benches. The stone arches seen throughout the villa and authentic golden stucco offers a dramatic exterior faÃ§ade. Step through the doorway, onto a mosaic floor masterpiece in the front foyer, then into the formal living and dining areas, impressive for grand entertaining. The entire home offers views of the exquisite infinity pool and spa, overlooking the serene canal.Artistic features include vaulted groined ceilings, marble floors and columns, custom Murano glass chandeliers, Grottesca style hand painted panels and doors, built-in china cabinets, imported doors and windows from Italy, Italian iron railings and hardware, hand painted frescos and fine crafted wood details and finishes.Down the corridor, past the stately wood-trimmed study, are his and her offices with their own private sitting area. The master suite offers a cozy living space and an authentic wood-beamed and paneled ceiling. Opposite of the striking arch is the focal point of the room, a grand stone fireplace with French doors leading you to an outdoor courtyard and gardens. Entering through the double doors into the master bath, you immediately see the detailed mosaic spa with double arches which is a duel entry into a walk-in shower. The side wall opens to yet another private courtyard with an Italian fountain and lush greenery, bringing the outside in. His and her vanities with separate water closets, workout room, breakfast bar and two large walk-in closets complete this space.The gourmet kitchen is complete with five full commercial work spaces and the finest appliances, seamlessly integrated with the Venetian artistry. A hidden walk-in pantry is built into the custom cabinetry, and the generous family room looks over one of the covered terraces that surround this phenomenal estate. Entertainment is made easy with a full wet bar and wine room to house your fine Italian wine collection.Up the grand curved stone staircase accompanied by stunningly crafted wrought iron railing, you will find yourself on the property's second level with additional sleeping and living space. This area offers an additional three suites, half bath, a library, a large game room with full wet bar and a storage room.Experience the most luxurious outdoor living that Austin has to offer with an infinity pool and spa, which are brought to life with intricate waterworks and exceptional lighting. Chose one of many covered terraces on either of the two levels for outdoor living space, perfect for alfresco dining. There is also an outdoor kitchen tucked within a two story courtyard reminiscent of the old world, that leads you to a one bedroom guest casita with full amenities. Imagine riding a gondola through the canals of Venice as you make your way to Lake Austin by boat, all made possible with the two private enclosed boat slips. And if that isn't enough, sip champagne on your own private Bellini terrace overlooking the waterway during sunset.