Active Listing  ·  36 days on market

111 Serene Hilltop Cir

Austin, TX 78738
$869,000
4 Bed 4 Bath 3,483 sqft $249/sqft Built 2014 0.26 acres 2-Car Garage Pool Lakeway Highlands Ph 1 Sec 5

This stunning Rough Hollow home showcases breathtaking Lake Travis and Hill Country views surrounded by majestic live oaks and beautiful Texas madrone trees. A dramatic wall of windows and sliding glass doors fill the home with natural light, while soaring vaulted ceilings and an open floor plan create an inviting space for everyday living and entertaining.

Designed for comfort and functionality, the spacious floor plan features 4 bedrooms, 3.5 bathrooms, a home office, and a game room. The luxurious primary suite offers private balcony access and a spa-inspired bath with a relaxing rain shower and shower bench. The chef's kitchen features custom cabinetry, an expansive center island, a walk-in pantry, a built-in desk area, abundant workspace, and seamless flow into the family and dining rooms.

Outdoor living is exceptional with a covered balcony, covered patio, and fully equipped outdoor kitchen overlooking a beautifully shaded backyard framed by majestic live oaks, beautiful Texas madrone trees, and Lake Travis and Hill Country views. Rarely found in the Hill Country, this home offers both a flat front yard and a beautifully usable flat backyard.

Residents enjoy the award-winning Rough Hollow lifestyle with the Yacht Club & Marina, resort-style pools, lazy river, fitness center, miles of hiking and biking trails, parks, sport courts, and year-round community events, just minutes from Lake Travis.

Qualified buyers may take advantage of exclusive financing opportunities through our preferred lending partner, including temporary rate reduction programs that can lower monthly mortgage payments during the first one, two, or three years. Ask about additional financing options and buyer programs available.

At $249/sqft, this home is 36% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

111 Serene Hilltop Cir, Austin, TX 78738

Property Details

Price $869,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,483 sqft
Lot Size 0.26 acres (11,356.09 sqft)
Year Built 2014
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Highlands Ph 1 Sec 5
County Travis
Zip Code 78738
$/sqft $249/sqft
Days on Market ,
HOA $824/Semi-Annually
Annual Tax Est. $18,425.3
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237977851
List Date June 29, 2026
Elementary School Serene Hills
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.

Schedule a Call →

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
330 Cistern Way
Parten Ranch Ph 1
$869,000 $240 4 bd / 3 ba 3,614 sqft , 2026-03-18
7909 Castle Peake Trl
Grandview Hills/ The Parke
$869,000 $232 4 bd / 4 ba 3,744 sqft , 2026-02-04
17709 Absinthe Dr
Provence - 60'
$869,900 $279 4 bd / 3 ba 3,115 sqft , 2026-01-09
3429 John Simpson Trl
Steiner Ranch Ph 01 Sec 03
$869,900 $283 4 bd / 4 ba 3,073 sqft , 2026-07-28
100 Empire Ct
Belterra Ph 2 Sec 5B
$870,000 $233 5 bd / 4 ba 3,726 sqft , 2026-07-23

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
$4,171/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
$173,800
20% conventional investment loan

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

Estimated Gross Rent+$4,171
Principal + Interest−$4,742
Property Tax (~2.1% TX avg)−$1,521
Insurance (~0.5%)−$362
Est. Monthly Cash Flow $-2,454

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →