Active Listing  ·  34 days on market

306 Olivia Dr #125

Austin, TX 78738
$599,999
4 Bed 4 Bath 2,422 sqft $248/sqft Built 2022 0.20 acres 2-Car Garage Pool Vineyard at Rough Hollow

Welcome to a beautifully appointed luxury villa nestled in The Vineyards of Rough Hollow, one of Lakeway's most coveted resort-style communities. Tucked away on a quiet cul-de-sac off Tiki Way, this exceptional home offers a rare combination of privacy, tranquility, and breathtaking Hill Country views. With no through traffic Olivia Drive creates a peaceful, secluded atmosphere that feels worlds away from the everyday.

Spanning 2,422 sq ft, this spacious home features 4 bedrooms, 3 full baths, and 1 half bath, with a flexible floor plan designed for today's lifestyle. The 4th bedroom adapts effortlessly as a home office, media room, workout space, or bonus room to accommodate whatever your life demands.

Step inside to enjoy soaring vaulted ceilings, abundant natural light, and an open-concept design made for entertaining. The chef's kitchen serves as the heart of the home, showcasing quartz countertops, generous wooden cabinetry, and a seamless flow into the family room. The private primary suite delivers a true spa-like retreat, complete with a generous walk-in shower. Upstairs, a secondary bedroom features its own ensuite bath with walk-in shower and a private balcony, the perfect perch for morning coffee with sweeping Hill Country views as your backdrop.

Additional highlights include a 2-car attached garage and effortless low-maintenance living with access to world-class Rough Hollow amenities: multiple resort pools including an adult pool, family pool, lazy river, and negative-edge pool at Canyon Grille; complimentary kayak rentals at Rough Hollow Marina; playground, dog park, basketball court, tennis and pickleball courts; a full fitness center; and miles of scenic hike & bike trails that give you an unmatched Lake Travis lifestyle at your doorstep.

Luxury, privacy, and resort-style living await at The Vineyards of Rough Hollow.

At $248/sqft, this home is 37% 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

306 Olivia Dr #125, Austin, TX 78738

Property Details

Price $599,999
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,422 sqft
Lot Size 0.20 acres (8,502.91 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Vineyard at Rough Hollow
County Travis
Zip Code 78738
$/sqft $248/sqft
Days on Market ,
HOA $550/Monthly
Annual Tax Est. $12,775.56
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237947072
List Date July 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.

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
1404 Lance Way
Gracywoods Sec 04
$599,999 $263 3 bd / 3 ba 2,279 sqft , 2025-12-04
411 W St Elmo Rd #24
Brookside Villas Condo Amd
$599,999 $336 3 bd / 3 ba 1,785 sqft , 2026-03-29
314 Virtus Bnd
Verrado Condominiums
$599,999 $315 4 bd / 3 ba 1,903 sqft , 2026-06-18
1917 Chasewood Dr
Scofield Farms Ph 10 Sec 01
$599,999 $194 4 bd / 3 ba 3,088 sqft , 2026-07-31
8409 Nairn Dr
Deer Park At Maple Run Sec 10
$600,000 $268 4 bd / 3 ba 2,238 sqft , 2026-02-25

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
$2,880/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
$120,000
20% conventional investment loan

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

Estimated Gross Rent+$2,880
Principal + Interest−$3,274
Property Tax (~2.1% TX avg)−$1,050
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,694

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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