Active Listing  ·  97 days on market

508 Woodside Ter

Austin, TX 78738
$2,249,900
5 Bed 8 Bath 6,164 sqft $365/sqft Built 2017 0.48 acres 3-Car Garage Pool Lakeway Highlands Ph 1 Sec 7B

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 $365/sqft, this home is 7% 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

508 Woodside Ter, Austin, TX 78738

Property Details

Price $2,249,900
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 Lakeway Highlands Ph 1 Sec 7B
County Travis
Zip Code 78738
$/sqft $365/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 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
8109 Kuhn Dr
Preserve/Oak Hill
$2,249,999 $547 4 bd / 5 ba 4,113 sqft , 2026-03-16
140 Midnight Sky Dr
Skylight Hills
$2,250,000 $459 4 bd / 6 ba 4,900 sqft , 2026-05-25
6605 Peralto Cv
Long Canyon Ph 01-B
$2,250,000 $517 5 bd / 7 ba 4,348 sqft , 2026-07-15
4001 Tejon Cir
Vista Grande Sec 02
$2,295,000 $411 4 bd / 6 ba 5,588 sqft , 2026-03-24
1910 Crooked Ln
Colorado Hills Estates Sec 02
$2,295,000 $537 4 bd / 5 ba 4,276 sqft , 2026-05-08

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
$10,800/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
$449,980
20% conventional investment loan

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

Estimated Gross Rent+$10,800
Principal + Interest−$12,279
Property Tax (~2.1% TX avg)−$3,937
Insurance (~0.5%)−$937
Est. Monthly Cash Flow $-6,353

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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