REAL ESTATE

Richard Garriott property, once home to giant themed parties, on the market for $45 million

Posted April 4th, 2017

Game developer Richard Garriott de Cayeux doesn’t do things small. And if the sale of an Austin property he owns goes through at its $45 million asking price, it could be the biggest home-property sale in Austin history.

The property, 65 acres on Lake Austin, is being dubbed “Lake Austin Ranch” on its web home at lakeaustinranch.com, by Gary and Michelle Dolch, owners of Austin Luxury Group and executive vice presidents with Kuper Sothbeby’s International Realty.


See a photo gallery of the 65-acre Richard Garriott property


The property has been the host of some legendary Austin parties, often themed to Garriott’s video-game creations such as “Tabula Rasa” or his preoccupations with haunted houses, The Titanic and Shakespeare. Lake Austin Ranch includes a lighthouse, a pirate ship, small movable houses that are part of a medieval village, and a 1,500-square-foot lakefront cabin, according to a Wall Street Journal story.

It’s not to be confused with “Britannia Manor,” the large home Garriott once occupied that included an observatory. That house was sold several years ago.

Garriott, who recently published a book about his life called “Explore/Create,” has been splitting his time between Austin and New York with his wife, Laetitia, and his children, Kinga and Ronin.

Garriott told the Journal that he plans to buy a smaller property in Austin.

On Wednesday, Garriott said in a written statement to the American-Statesman: “I have no intention of leaving Austin. We will retain a residence in the city; I will always consider Austin home. However for the next five years or more, we expect to be living in at least two cities at the same time, one always being Austin, the other potentially even overseas. After that, we hope to settle back down more fully in Austin.”

The Lake Austin property was at one time to be the site of a 25,000-square-foot house with secret tunnels and a tower, but those plans were abandoned. The foundation for it still exists, however, if any homebuyer wants to carry on in that direction.

In the book, Garriott goes into detail about the elaborate parties he held along Lake Austin and the care that went into creating a replica of Shakespeare’s Globe Theatre on the land he owned.

The website for the property sale describes the site, at 7400 Coldwater Canyon Drives, as: 

This 65.68 acres property, located on the shores of beautiful Lake Austin, is one of the last available large parcels of land on this pristine lake. Featuring over 2700 ft. of lake frontage. and Coldwater Creek frontage, the property is considered to be of the very highest quality waterfront property in the Austin market. The property features gently sloping terrain covered in juniper, pecan, and oaks trees with diverse plant and wildlife. The home site rests on a cliff overlooking Lake Austin with stunning views of the surrounding canyons, downtown Austin, and the famed “360 Bridge” offering an ideal location for a home that could be over 25,000 sq. ft. Scenic trails from the home site lead to the banks of the lake and your private marina with eight covered boat slips, a 1,000 sq. ft. guest lake house (2BR/1Bath) with full amenities, and a 300 seat outdoor theater modeled after Shakespeare’s Globe Theater. This property also includes a large carriage house with air-conditioned storage, a caretaker’s office and covered parking areas. Only 30 minutes from downtown Austin, the property is located near top schools, convenient stores and award winning restaurants just a short drive away. You can rest assured that while building the homestead of your dreams, your view of these pristine natural surroundings will remain protected as the property is located between several tracts of the more than 30,000 acres of the beautiful Balcones Canyonlands Preserve.

Here’s a video of the property from the website:

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