Active Listing  ·  12 days on market

404 Marina View Way

Lakeway, TX 78734
$740,000
4 Bed 4 Bath 2,597 sqft $285/sqft Built 2019 0.41 acres 2-Car Garage Pool Villas At Rough Hollow South S

This exceptional Lake Travis property presents an outstanding opportunity to enjoy the convenience of a "lock & leave" Rough Hollow resort lifestyle at an exceptional value. With it's premium location in the gated waterfront community of Lake Ridge this home is steps from the Rough Hollow Yacht Club, fitness center, pool with stunning views of Lake Travis and Canyon Grill. This beautifully maintained townhouse-style condo features two outdoor living spaces, and HOA-covered exterior maintenance for true ease of ownership. The main-level primary suite opens to a private patio and includes a spa-like bath with dual vanities, soaking tub, and separate shower. The open-concept living area showcases wood flooring, neutral finishes, a built-in dry bar, and wine fridge. Upstairs, enjoy a second living area with wet bar, lake views, an additional outdoor entertaining space, and three secondary bedrooms, including one ensuite and a flexible office/guest room. The home's outdoor kitchen and built-in grill create the perfect setting for dining and entertaining. Come experience the best of lake living with all the amenities Rough Hollow has to offer.

At $285/sqft, this home is 13% below the Lakeway active market average of $327/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

404 Marina View Way, Lakeway, TX 78734

Property Details

Price $740,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,597 sqft
Lot Size 0.41 acres (17,698.43 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Villas At Rough Hollow South S
County Travis
Zip Code 78734
$/sqft $285/sqft
Days on Market ,
HOA $573/Monthly
Annual Tax Est. $18,879.59
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246502106
List Date September 11, 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 →

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
122 Feritti Dr
Rough Hollow- East Rim
$745,000 $296 4 bd / 3 ba 2,520 sqft , 2026-09-06
105 Cascading Water Pl
Rough Hollow
$725,000 $280 4 bd / 3 ba 2,591 sqft , 2026-02-25
116 Blue Clearing Way
Rough Hollow Sec 3 Condo
$789,000 $258 4 bd / 4 ba 3,057 sqft , 2026-08-01
412 Eagle None
Lakeway
$799,000 $317 3 bd / 3 ba 2,522 sqft , 2026-07-31
107 Cascading Waters Pl
Rough Hollow- Lake Ridge
$849,000 $282 4 bd / 4 ba 3,008 sqft , 2026-01-28

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
$3,552/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
$148,000
20% conventional investment loan

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

Estimated Gross Rent+$3,552
Principal + Interest−$4,038
Property Tax (~2.1% TX avg)−$1,295
Insurance (~0.5%)−$308
Est. Monthly Cash Flow $-2,089

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

More Luxury Homes in Lakeway

Loading…
View All Luxury Homes →
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 23, 2026.

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