Active Listing  ·  185 days on market

212 Marina View Way #11A

Lakeway, TX 78734
$969,000
3 Bed 5 Bath 2,862 sqft $339/sqft Built 2017 0.41 acres 2-Car Garage Pool Waterfront Lake Ridge on Rough Hollow

Welcome to 212 Marina View Way—an exquisite statement of modern luxury nestled within the coveted, gated enclave of Lake Ridge in Rough Hollow. Perfectly positioned in one of the most prestigious waterfront communities, this residence delivers an unparalleled resort-style lifestyle, just moments from the Rough Hollow Yacht Club and Canyon Grille.

A refined private courtyard sets the tone, anchored by a sophisticated outdoor fireplace—an inviting extension of the home ideal for elegant entertaining or intimate evenings under the stars. The detached guest casita offers a secluded haven, complete with a private entrance and en-suite bath, ensuring the utmost in comfort and privacy for guests.

Inside, the residence showcases a masterful blend of form and function. The light-filled chef’s kitchen is appointed with premium BOSCH appliances and seamlessly opens to expansive living and dining spaces, creating a breathtaking backdrop for both grand-scale entertaining and effortless everyday living.

The main level is reserved for the serene primary suite, a tranquil sanctuary framed by captivating views that celebrate the surrounding natural beauty. The lower level continues the home’s thoughtful design with a spacious additional bedroom suite and a well-appointed bath, along with a stylish powder room for added convenience. A private in-home elevator enhances accessibility while elevating the experience of luxury living across all levels.

Set behind the gates of Lake Ridge, this residence embodies the essence of refined waterfront living. With direct access to the marina, yacht club, and waterfront dining, every day is infused with the feel of a five-star retreat.

An extraordinary lock-and-leave offering, this home delivers the rare combination of effortless maintenance and elevated sophistication—where luxury meets lifestyle, and every detail is designed to impress.

At $339/sqft, this home is priced 4% above the Lakeway active market average of $327/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

212 Marina View Way #11A, Lakeway, TX 78734

Property Details

Price $969,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 2
Living Area 2,862 sqft
Lot Size 0.41 acres (17,698.43 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Lake Ridge on Rough Hollow
County Travis
Zip Code 78734
$/sqft $339/sqft
Days on Market ,
HOA $3,438/Semi-Annually
Annual Tax Est. ,
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT223426820
List Date March 22, 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.

Schedule a Call →

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 · March 22, 2026 $989,000
Current ask $969,000
Reduced $20,000 (-2.0%) 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
19426 Fisher Ln
Hidden Hills 01
$950,000 $498 3 bd / 3 ba 1,908 sqft , 2026-05-07
314 Hidden Beacon Bnd
Rough Hollow
$999,000 $457 3 bd / 3 ba 2,185 sqft , 2026-06-26
416 Maialina Cv
Rough Hollow
$999,990 $347 4 bd / 3 ba 2,885 sqft , 2026-01-18
18702 Lakeland Dr
Point Venture Sec 01
$899,000 $238 4 bd / 4 ba 3,774 sqft , 2026-03-20
304 Nautilus Ave
Lakeway Sec 23
$899,000 $280 4 bd / 4 ba 3,208 sqft , 2026-06-11

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
$4,651/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
$193,800
20% conventional investment loan

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

Estimated Gross Rent+$4,651
Principal + Interest−$5,288
Property Tax (~2.1% TX avg)−$1,696
Insurance (~0.5%)−$404
Est. Monthly Cash Flow $-2,737

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 17, 2026.

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