Active Listing  ·  238 days on market

107 Cascading Waters Pl

Lakeway, TX 78734
$849,000
4 Bed 4 Bath 3,008 sqft $282/sqft Built 2019 2-Car Garage Pool Rough Hollow- Lake Ridge

Above the hush of the greenbelt, your elevated terrace becomes a front-row seat to the evening’s transformation—sunset reflecting off glass, treetops glowing, and the stillness of nature unfolding like a quiet luxury. Welcome to 107 Cascading Waters Place, a rare end-unit retreat tucked into the gated enclave of Lakeridge at Rough Hollow, where curated architecture meets effortless living. With no neighbor to the right or behind and a gentle wet-weather creek winding below, the setting offers an uncommon blend of privacy and connection to nature. A gated stone courtyard sets a graceful tone at entry, leading to a spacious guest casita with full bath and its own private entrance—ideal for hosting long-term guests or creating a dedicated workspace. Inside, the home opens dramatically with soaring ceilings and sunlit walls of glass that frame the canopy beyond. The kitchen is both refined and functional with gleaming granite counters, custom cabinetry, and an expansive island that invites conversation. The great room flows seamlessly to a covered patio with built-in grill—perfect for evening gatherings under string lights and stars. The main-level primary suite offers tranquility with its oversized windows, spa-like bath, frameless walk-in shower, dual vanities, and soaking tub. Upstairs, two additional bedrooms, a full bath, and a loft-style living area with built-in bar connect to a private upper balcony that feels suspended in the treetops. Whether savoring morning coffee as the sun breaks over the ridge or hosting sunset cocktails wrapped in Hill Country air, every moment here feels elevated. Just steps from the Yacht Club, The Canyon Grille, lakeside pools, gym, spa, and private day dock, this home places you at the heart of Rough Hollow’s exceptional lifestyle. Zoned to acclaimed Lake Travis ISD and minutes to Lakeway, Bee Cave, downtown Austin and ABIA, this is more than a home—it’s a daily invitation to live beautifully, both inside and out.

At $282/sqft, this home is 14% below the Lakeway active market average of $327/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

107 Cascading Waters Pl, Lakeway, TX 78734

Property Details

Price $849,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,008 sqft
Lot Size ,
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Rough Hollow- Lake Ridge
County Travis
Zip Code 78734
$/sqft $282/sqft
Days on Market ,
HOA $3,684/Semi-Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT217641963
List Date January 28, 2026
Elementary School Serene Hills
Middle School Lake Travis
High School Lake Travis
School District ,

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

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · January 28, 2026 $925,000
Previous ask $899,000
Current ask $849,000
Reduced $76,000 (-8.2%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Lakeway

Comparable Listings Right Now

Homes currently for sale in Lakeway 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
608 Flamingo Cv
Lakeway Sec 31
$850,000 $300 3 bd / 3 ba 2,832 sqft , 2026-08-07
505 Wester Ross Ln
Lakeway Highlands Ph 01 Sec 02
$865,000 $272 4 bd / 4 ba 3,182 sqft , 2026-07-08
2407 Skywalk Ln #61
Summit/Lk Travis Residential C
$824,990 $222 4 bd / 4 ba 3,712 sqft , 2026-06-06
202 Marina View Way #8B
Villas At Rough Hollow South S
$895,000 $371 3 bd / 3 ba 2,411 sqft , 2026-08-01
412 Eagle None
Lakeway
$799,000 $317 3 bd / 3 ba 2,522 sqft , 2026-07-31

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
$4,075/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
$169,800
20% conventional investment loan

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

Estimated Gross Rent+$4,075
Principal + Interest−$4,633
Property Tax (~2.1% TX avg)−$1,486
Insurance (~0.5%)−$354
Est. Monthly Cash Flow $-2,398

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 Lakeway, TX

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

Apple Campus (Domain) 30 min E
Downtown Austin 30 min E via 71
Westlake corridor 15 min E

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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 September 21, 2026.

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