Active Listing  ·  77 days on market

505 Wester Ross Ln

Austin, TX 78738
$865,000
4 Bed 4 Bath 3,182 sqft $272/sqft Built 2014 0.31 acres 3-Car Garage Pool Lakeway Highlands Ph 01 Sec 02

Price Improvement! Welcome to 505 West Ross Drive, a beautifully maintained 4-bedroom, 3.5-bath home offering 3,182 square feet on a quiet cul-de-sac in Rough Hollow. Designed with both comfort and functionality in mind, this traditional Texas-style home features warm, inviting finishes and a versatile floor plan ideal for everyday living and entertaining.

The main level includes a formal entry, dedicated office, formal dining room, spacious living room, and an open kitchen with breakfast area. The private primary suite is located on the first floor and features dual vanities, a soaking tub, separate walk-in shower, and a large walk-in closet. A convenient powder bath is also located downstairs.

Upstairs offers three secondary bedrooms, two full bathrooms, a theater room, and a spacious flex room. One bedroom includes a private en suite bath, while the remaining two bedrooms share a full bathroom.

Enjoy the covered patio overlooking a tree-filled backdrop that provides added privacy and a peaceful setting. The backyard offers room for a future pool or playscape. A three-car garage provides ample space for vehicles, storage, or recreational equipment.

Major improvements include exterior paint and exterior stairs/rockscape (2023), two tankless water heaters (2021), upstairs HVAC evaporator coil (2022), garage door springs and opener (2026), fence (2018), roof (2017), and a Mexican Sycamore tree (2021).

Rough Hollow residents enjoy exceptional community amenities, including the Yacht Club and Marina with complimentary paddleboards and kayaks, Canyon Grille, multiple resort-style pools, fitness center, parks, playgrounds, and more than 22 miles of hiking and biking trails. Conveniently located in Lake Travis ISD with nearby shopping, dining, and easy access to Lake Travis.

At $272/sqft, this home is 31% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

505 Wester Ross Ln, Austin, TX 78738

Property Details

Price $865,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,182 sqft
Lot Size 0.31 acres (13,390.34 sqft)
Year Built 2014
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Highlands Ph 01 Sec 02
County Travis
Zip Code 78738
$/sqft $272/sqft
Days on Market ,
HOA $233.33/Monthly
Annual Tax Est. $12,437.31
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237964198
List Date July 8, 2026
Elementary School Rough Hollow
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.

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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 8, 2026 $884,500
Current ask $865,000
Reduced $19,500 (-2.2%) 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 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
308 Ansley Cv
Lakeway Highlands Ph 2 Sec 1B
$865,000 $318 4 bd / 4 ba 2,717 sqft , 2026-04-29
499 Anfield Cir
Lakeway Highlands Ph 2 Sec 4
$865,000 $228 4 bd / 5 ba 3,801 sqft , 2026-09-11
204 Everton Cv
Rough Hollow
$855,000 $352 4 bd / 4 ba 2,429 sqft , 2026-08-28
512 Summer Wilson Cv
Rough Hollow
$850,000 $255 4 bd / 5 ba 3,329 sqft , 2026-05-22
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
$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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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 21, 2026.

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