Active Listing  ·  81 days on market

414 Sitlington Ln

Lakeway, TX 78738
$975,000
3 Bed 2 Bath 2,402 sqft $406/sqft Built 2022 0.30 acres 3-Car Garage Pool Rough Hollow Canyon Pass

Tucked into the Canyon Pass section of Rough Hollow, this 2022 Drees custom home has been taken well beyond builder grade, and it shows the moment you walk in. Single-story living with three bedrooms plus a dedicated office, an open floorplan, and the kind of thoughtful upgrades most people only add when they truly care about a home. The kitchen is the star. Brand-new Thermador appliances, a built-in Miele espresso bar for your morning coffee, and a large island that keeps everyone gathered while you cook. Restoration Hardware fixtures run throughout, and the living room is anchored by a custom fireplace with built-in shelving that gives the space real warmth and character. Beamed, vaulted, and high ceilings keep everything feeling open and light. The front bedroom has a built-in Murphy bed, so it works just as easily as a home office and flexes back to a guest room when you need it. The primary suite has a soaking tub, double vanity, and a walk-in closet with a custom closet system already installed. Motorized shades throughout the home puts relaxing at the push of a button. Step out back to a large, flat, private yard with plenty of room for a pool. The covered patio's outdoor fireplace makes it a year-round favorite. Then there's Rough Hollow itself: resort-style pools and a lazy river, the Highland Village fitness center, miles of hiking and biking trails, sport courts, dog parks, and the lakeside Yacht Club and marina on Lake Travis. Zoned to Lake Travis ISD.

At $406/sqft, this home is priced 24% 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

414 Sitlington Ln, Lakeway, TX 78738

Property Details

Price $975,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,402 sqft
Lot Size 0.30 acres (12,954.74 sqft)
Year Built 2022
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rough Hollow Canyon Pass
County Travis
Zip Code 78738
$/sqft $406/sqft
Days on Market ,
HOA $208/Monthly
Annual Tax Est. $15,253.95
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238714139
List Date July 4, 2026
Elementary School Rough Hollow
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.

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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 · July 4, 2026 $995,000
Current ask $975,000
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
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
3610 Crosswind Dr
Crosswind
$915,000 $343 4 bd / 3 ba 2,665 sqft , 2026-09-02
300 Marina View Ct
Rough Hollow
$1,050,000 $438 3 bd / 4 ba 2,399 sqft , 2026-07-10
308 Ansley Cv
Lakeway Highlands Ph 2 Sec 1B
$865,000 $318 4 bd / 4 ba 2,717 sqft , 2026-04-29

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
$4,680/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
$195,000
20% conventional investment loan

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

Estimated Gross Rent+$4,680
Principal + Interest−$5,321
Property Tax (~2.1% TX avg)−$1,706
Insurance (~0.5%)−$406
Est. Monthly Cash Flow $-2,753

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 August 31, 2026.

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