Active Listing  ·  147 days on market

508 Woodside Ter

Lakeway, TX 78738
$2,199,900
5 Bed 8 Bath 6,164 sqft $357/sqft Built 2017 0.48 acres 3-Car Garage Pool Rough Hollow

The entertaining home of Rough Hollow Lakeside — over 6,000 square feet across three intentional levels, including the one no other home on the market can match: a walk-out lower level with a custom bunk room sleeping six and an indoor-outdoor bar opening directly to the pool. Movie nights happen in the dedicated home theater upstairs. The cousins claim the bunk room. The grandparents take the detached casita with its own private entry. Five bedrooms, every one en-suite. The chef's kitchen anchors the main level with a 6-burner Wolf range, granite island, farmhouse sink, ice maker, and a separate dedicated bar, flowing seamlessly into the dining and living rooms. The spa-inspired primary bath features floor-to-ceiling marble and a frameless glass shower. New carpet throughout the bedrooms. Arrival sets the tone: stone-and-stucco under a standing-seam metal roof, with a private interior stone courtyard and wood-burning fireplace welcoming guests before they ever reach the front door. Out back, a resort-style pool and spa, multi-level decking, covered veranda with fireplace, and built-in BBQ kitchen. Oversized 3-car garage. The rare home built for the family that hosts — holidays, lake weekends, multigenerational stays — in the waterfront community of Rough Hollow Lakeway: Yacht Club and Marina, Canyon Grille, the Highland Village lazy river, resort pools, 22+ miles of trails, tennis, pickleball, and complimentary kayaks and paddleboards. Acclaimed Lake Travis ISD, minutes from downtown Austin.

At $357/sqft, this home is priced 9% 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

508 Woodside Ter, Lakeway, TX 78738

Property Details

Price $2,199,900
Status Active Listing
Beds 5
Full Baths 6
Half Baths 2
Living Area 6,164 sqft
Lot Size 0.48 acres (20,978.5 sqft)
Year Built 2017
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rough Hollow
County Travis
Zip Code 78738
$/sqft $357/sqft
Days on Market ,
HOA $209/Monthly
Annual Tax Est. $39,128.54
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224448232
List Date April 29, 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 · April 29, 2026 $2,425,000
Previous ask $2,249,900
Current ask $2,199,900
Reduced $225,100 (-9.3%) 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
109 Largo Cv
Rough Hollow Sec 10
$2,150,000 $469 4 bd / 5 ba 4,580 sqft , 2026-06-12
953 Flagtop Ct
Las Brisas Estates
$2,399,900 $464 5 bd / 6 ba 5,170 sqft , 2026-05-27
102 Canyon Turn Trl
Rough Hollow
$1,990,000 $437 4 bd / 6 ba 4,554 sqft , 2026-03-04
109 Bisset Ct
Rough Hollow
$1,699,000 $322 4 bd / 5 ba 5,282 sqft , 2026-08-01
320 Bisset Ct
Rough Hollow Sec 1 Amdlt1-6,11
$1,695,000 $387 5 bd / 6 ba 4,383 sqft , 2026-09-17

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
$10,560/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
$439,980
20% conventional investment loan

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

Estimated Gross Rent+$10,560
Principal + Interest−$12,006
Property Tax (~2.1% TX avg)−$3,850
Insurance (~0.5%)−$917
Est. Monthly Cash Flow $-6,213

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 16, 2026.

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