Active Listing  ·  172 days on market

407 Forza Viola Way

Austin, TX 78738
$999,999
5 Bed 5 Bath 3,514 sqft $285/sqft Built 2018 0.27 acres 3-Car Garage Pool Lakeway Highlands Ph 2 Sec 2A

Texas Luxury Hill Country Home in Rough Hollow with Casita

Located in the highly sought-after community of Rough Hollow, this exceptional luxury home offers 5 bedrooms, 5 bathrooms, a private guest house, and three distinct living areas providing remarkable flexibility for both everyday living and entertaining.

The main residence showcases a bright open floor plan filled with natural light, refined finishes, and seamless indoor-outdoor flow. The beautifully landscaped and fully fenced backyard creates a private retreat, complete with mature trees and breathtaking sunset views perfect for relaxing evenings or hosting gatherings.

The detached guest house features a kitchenette, full bathroom, and private entrance, ideal for guests, multigenerational living, a home office, or creative studio space. Multiple living areas offer space for formal entertaining, casual family gatherings, and a dedicated media or game room.

Just minutes from the Rough Hollow Marina, residents enjoy access to resort-style pools, a fitness center, clubhouse, scenic trails, on-site dining, and lake access. Zoned to excellent schools, this home offers the perfect blend of luxury, comfort, and Hill Country lifestyle.

At $285/sqft, this home is 27% 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

407 Forza Viola Way, Austin, TX 78738

Property Details

Price $999,999
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 3,514 sqft
Lot Size 0.27 acres (11,761.2 sqft)
Year Built 2018
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Highlands Ph 2 Sec 2A
County Travis
Zip Code 78738
$/sqft $285/sqft
Days on Market ,
HOA $186/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT218521703
List Date February 13, 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
4601 Gallego Cir
Ladera Ph 4B
$999,999 $255 4 bd / 4 ba 3,929 sqft , 2026-04-14
19117 Hopper Ln
Sweetwater
$1,000,000 $290 4 bd / 4 ba 3,454 sqft , 2026-03-12
15108 General Williamson Dr
Cardinal Hills Estates Unit 16
$1,000,000 $361 4 bd / 4 ba 2,768 sqft , 2026-03-04
6205 Caddie St #1 & 2
Addie Condo
$1,000,000 $401 5 bd / 4 ba 2,494 sqft , 2026-05-01
11228 Woodland Hills Trl
Steiner Ranch Ph 01 Sec 10A
$1,000,000 $250 4 bd / 4 ba 3,993 sqft , 2026-05-27

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
$4,800/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
$200,000
20% conventional investment loan

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

Estimated Gross Rent+$4,800
Principal + Interest−$5,457
Property Tax (~2.1% TX avg)−$1,750
Insurance (~0.5%)−$417
Est. Monthly Cash Flow $-2,824

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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