Active Listing  ·  257 days on market

103 Cartwheel Bnd #51

Austin, TX 78738
$589,000
3 Bed 4 Bath 2,422 sqft $243/sqft Built 2023 0.20 acres 2-Car Garage Pool The Vineyards at Rough Hollow

This welcoming home offers a thoughtfully designed floor plan featuring a flex room and two primary suites, with the upstairs primary suite opening to a private balcony. The light-filled chef’s kitchen connects naturally to the living and dining areas, offering an inviting space for entertaining and daily enjoyment.

An amazing covered outdoor patio—one of the most coveted features—extends the living space outdoors, ideal for gatherings. Additional highlights include carpet upgraded from builder grade just one year ago, a custom tile fireplace surround, and custom garage cabinetry providing exceptional storage.

This lock-and-leave home with a private yard is located in The Vineyards in the heart of Rough Hollow offers access to the Yacht Club & Marina, resort-style pools, a fitness center, sports courts, hike-and-bike trails, and award-winning Lake Travis schools.

At $243/sqft, this home is 38% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

103 Cartwheel Bnd #51, Austin, TX 78738

Property Details

Price $589,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,422 sqft
Lot Size 0.20 acres (8,494.2 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision The Vineyards at Rough Hollow
County Travis
Zip Code 78738
$/sqft $243/sqft
Days on Market ,
HOA $550.6/Monthly
Annual Tax Est. $13,494.58
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT215588496
List Date January 9, 2026
Elementary School Rough Hollow
Middle School Lake Travis
High School Lake Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
106 Cartwheel Bnd #55
Vineyard at Rough Hollow
$560,000 $284 4 bd / 3 ba 1,975 sqft , 2026-04-04
306 Cartwheel Bnd #130
The Vineyards at Rough Hollow
$550,000 $272 4 bd / 4 ba 2,022 sqft , 2026-04-07
440 Cartwheel Bnd #95
Vineyard/Rough Hollow Condos
$539,000 $269 3 bd / 3 ba 2,006 sqft , 2026-06-19
109 Pennybacker Ln
The District
$679,900 $285 4 bd / 4 ba 2,387 sqft , 2025-12-09
109 Beneteau Dr
The Vineyards at Rough Hollow
$495,000 $222 3 bd / 4 ba 2,231 sqft , 2026-07-06

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,827/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$117,800
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,827
Principal + Interest−$3,214
Property Tax (~2.1% TX avg)−$1,031
Insurance (~0.5%)−$245
Est. Monthly Cash Flow $-1,663

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on July 11, 2026.

📞 (254) 718-2567 [email protected] More about Luke →