Active Listing  ·  27 days on market

505 Wester Ross Ln

Austin, TX 78738
$884,500
4 Bed 4 Bath 3,182 sqft $278/sqft Built 2014 0.31 acres 3-Car Garage Pool Lakeway Highlands Ph 01 Sec 02

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 $278/sqft, this home is 29% 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

505 Wester Ross Ln, Austin, TX 78738

Property Details

Price $884,500
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 $278/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.

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
5604 Terravista Dr
Lantana Single Family Sec 01
$885,000 $227 4 bd / 4 ba 3,907 sqft , 2026-04-09
3915 Tilley St
Mueller
$887,500 $396 3 bd / 3 ba 2,241 sqft , 2026-04-25
159 Fireside Rd
Parten Ranch
$880,000 $249 5 bd / 5 ba 3,541 sqft , 2026-06-05
16312 Lake Loop
Buffalo Gap
$889,000 $335 3 bd / 3 ba 2,650 sqft , 2025-08-27
1004 Lott Ave
Green Valley 02
$879,990 $346 3 bd / 3 ba 2,542 sqft , 2026-04-10

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
$4,246/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
$176,900
20% conventional investment loan

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

Estimated Gross Rent+$4,246
Principal + Interest−$4,827
Property Tax (~2.1% TX avg)−$1,548
Insurance (~0.5%)−$369
Est. Monthly Cash Flow $-2,498

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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