Deluxe pool-side living

Summer's here and the time is right for lounging by the pool. Here's how to do it right.

Lake Austin, Texas
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Lake Austin, Texas
Price: $5.9 million

Beds: 5
Baths: 5 and 2 halfs
Square feet: 7,110

Description: This modern masterpiece on eight acres overlooks Lake Austin and the Texas Hill country, yet lies just minutes from downtown Austin. Step right out of the family room, stroll down a double stone stairway beside a little waterfall and you arrive at a lovely negative edge pool that seems to drop right off into the lake far below.

Indoors is an open entertaining area where glass walls give guests wide-open views. The house is designed with two separate wings - one of which contains the master suite, the other guest bedrooms - to maximize peace and privacy.

There are also two fireplaces, a chef's kitchen with pantry, high-end appliances, cabinets and countertops, plus a home theater. There are lots of wood-paneled walls, spot-lighting and marble touches.

For further information: Luxury Portfolio

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.