Active Listing  ·  97 days on market

308 Ansley Cv

Austin, TX 78738
$865,000
4 Bed 4 Bath 2,717 sqft $318/sqft Built 2015 0.32 acres 3-Car Garage Pool Lakeway Highlands Ph 2 Sec 1B

Tucked within the prestigious Rough Hollow community, 308 Ansley Cove offers a refined blend of luxury, functionality, and elevated Hill Country living. Positioned on a quiet cul-de-sac and designed around a stunning front courtyard entry, this home immediately sets the tone for a private, resort-style experience.

Inside, the residence unfolds into an expansive open-concept layout where natural light pours through thoughtfully placed windows, highlighting high-end finishes and seamless indoor-outdoor flow. The chef’s kitchen is equipped with premium appliances, including a commercial-grade Wolf gas range, Wolf double ovens, and a Sub-Zero built-in refrigerator, all centered around a spacious island ideal for entertaining.

The primary suite serves as a private retreat, featuring direct access to the backyard and a spa-inspired bath. A separate guest casita with its own entrance provides flexibility for visitors, multigenerational living, or a private office setup. Additional living spaces include a dedicated media room, perfect for movie nights or game-day gatherings. The well-appointed laundry room adds convenience and functionality, while the thoughtful connection to the primary closet enhances everyday ease.

Step outside to a backyard designed for both relaxation and entertaining, complete with an outdoor kitchen, fireplace, and ample space to enjoy shaded afternoons—enhanced by the home’s desirable east-southeast orientation.

Located approximately one mile from the Rough Hollow Yacht Club & Marina, residents enjoy effortless access to Lake Travis, along with resort-style amenities including pools, dining, fitness facilities, and waterfront recreation.

This is more than a home—it’s a lifestyle defined by comfort, privacy, and proximity to everything Lakeway has to offer.

At $318/sqft, this home is 19% 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

308 Ansley Cv, Austin, TX 78738

Property Details

Price $865,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,717 sqft
Lot Size 0.32 acres (13,995.83 sqft)
Year Built 2015
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Highlands Ph 2 Sec 1B
County Travis
Zip Code 78738
$/sqft $318/sqft
Days on Market ,
HOA $230/Monthly
Annual Tax Est. $15,000
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227974412
List Date April 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
13612 Bullick Hollow Rd
Adams Beaty & Moulton Surv
$865,000 $344 3 bd / 3 ba 2,517 sqft , 2025-05-31
18605 Amberg Pl
Sweetwater Ranch Sec 1 Village
$865,000 $238 4 bd / 4 ba 3,634 sqft , 2026-06-13
5104 Stone Gate Dr #1
Stone Gate
$865,000 $342 4 bd / 4 ba 2,528 sqft , 2026-06-17
14401 Laurinburg Dr
Avery Station Sec 1A Ph 1
$864,999 $288 4 bd / 3 ba 3,003 sqft , 2026-07-24
330 Cistern Way
Parten Ranch Ph 1
$869,000 $240 4 bd / 3 ba 3,614 sqft , 2026-03-18

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
$4,152/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
$173,000
20% conventional investment loan

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

Estimated Gross Rent+$4,152
Principal + Interest−$4,721
Property Tax (~2.1% TX avg)−$1,514
Insurance (~0.5%)−$360
Est. Monthly Cash Flow $-2,443

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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