Active Listing  ·  53 days on market

116 Blue Clearing Way

Austin, TX 78738
$789,000
4 Bed 4 Bath 3,057 sqft $258/sqft Built 2017 0.46 acres 2-Car Garage Pool Rough Hollow Sec 3 Condo

Elegant luxury meets everyday comfort in this beautifully designed home featuring a dramatic two-story foyer and sweeping curved staircase that creates an unforgettable first impression. The thoughtfully designed floor plan offers two bedrooms on the main level and two additional bedrooms upstairs, providing flexibility for family and guests. A private first-floor study showcases stunning floor-to-ceiling built-ins, creating the ideal work-from-home space. The gourmet kitchen is a chef's dream, featuring premium GE Monogram appliances, a large center island, generous eat-in dining area, and seamless flow into the spacious living room. Soaring 12-foot ceilings and a cozy fireplace enhance the open-concept living space, making it perfect for both entertaining and everyday living. Step outside to the covered patio featuring electric sun shades and take in the peaceful greenbelt and canyon views. wiith room to add a pool, this outdoor retreat offers endless possibilities for relaxation and entertaining. Just 30 minutes from downtown Austin you will find Rough Hollow - a resort style community on the prestigious South shore of Lake Travis. Featuring direct lake access, breathtaking Hill Country views and world-class amenities such as the Rough Hollow Yacht Club and Marina, Canyon Grille, miles of hike and bike trails, luxurious pools, gym, pavilion & Highland Village: a water-themed amenities center. Rough Hollow offers an unparalleled lakeside lifestyle close to dining, shopping, golf & tennis. Upstairs, enjoy a versatile game room complete with a built-in desk area, ideal for homework, hobbies, or a secondary workspace. The home offers 3 full baths and 1 half bath, thoughtfully designed to accommodate family and guests with ease.

At $258/sqft, this home is 34% 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

116 Blue Clearing Way, Austin, TX 78738

Property Details

Price $789,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,057 sqft
Lot Size 0.46 acres (20,011.46 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rough Hollow Sec 3 Condo
County Travis
Zip Code 78738
$/sqft $258/sqft
Days on Market ,
HOA $223/Monthly
Annual Tax Est. $17,309.06
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242012965
List Date August 1, 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.

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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
402 Seawind St
Lakeway Townhouses Amended
$785,000 $227 3 bd / 3 ba 3,460 sqft , 2026-03-13
50 Stillmeadow Dr
Hills Of Lakeway Ph 02 Rep
$798,000 $270 3 bd / 3 ba 2,955 sqft , 2026-06-19
412 Eagle None
Lakeway
$799,000 $317 3 bd / 3 ba 2,522 sqft , 2026-07-31
623 Sunfish St
Lakeway Sec 04
$775,000 $334 3 bd / 3 ba 2,322 sqft , 2026-06-15
16 Swiftwater Trl
Hills Lakeway Ph 06
$769,000 $272 3 bd / 3 ba 2,824 sqft , 2026-09-14

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
$3,787/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
$157,800
20% conventional investment loan

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

Estimated Gross Rent+$3,787
Principal + Interest−$4,306
Property Tax (~2.1% TX avg)−$1,381
Insurance (~0.5%)−$329
Est. Monthly Cash Flow $-2,229

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 August 2, 2026.

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