Active Listing  ·  149 days on market

701 Echelon Pl

Lakeway, TX 78738
$1,575,000
5 Bed 4 Bath 4,330 sqft $364/sqft Built 2022 0.38 acres 3-Car Garage Pool Rough Hollow

VIDEO LINK: https://www.instagram.com/reel/DYDVn1HxZKi/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==

Welcome to a fully realized luxury estate. Completed in April 2023 with over $600K in custom improvements, this home is a highly differentiated offering. On a premium corner lot backing to protected greenspace with canal access to Lake Travis, it delivers privacy and execution rarely achieved. Recreating this today would exceed $2M and require 12-24 months of construction.

Interior Design & Experience:

An elevated custom rock garden with an illuminated address marker sets the tone. Inside, the home reflects a fully integrated design vision. The living space is anchored by a 23-foot tiled fireplace with a custom mantle, floating shelving, and an indoor water feature. Entertain effortlessly at the custom wet bar featuring wine refrigeration and dimmable LEDs, illuminated by blown glass statement lighting. Supporting spaces include a dedicated media room, executive office, and custom closet systems.

Resort-Level Outdoor Living:

This is not a standard backyard upgrade; it is a meticulously engineered outdoor environment. A 45,000-gallon pool anchors the space with a 12-foot waterfall, 12-person raised spa, linear fire features, dual fire bowls, tanning ledge, and swim-up bar. A sunken pergola creates a seamless connection between guests and swimmers. Over $100,000 in landscape enhancements—including premium turf, welded steel planters, and 30+ trees—ensure total privacy.

Technology & Engineering:

Engineered for long-term performance, the property features a full-site drainage system and custom retaining walls to maximize usable space. Modern conveniences include motorized shades, a Tesla charger, Nest climate control, a solar Ring system, and a whole-home water softener.

Community & Lifestyle:

Zoned to Lake Travis ISD, enjoy Rough Hollow’s private yacht club, marina, fitness center, and resort pools. This is the finished result.

At $364/sqft, this home is priced 11% 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

701 Echelon Pl, Lakeway, TX 78738

Property Details

Price $1,575,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 4,330 sqft
Lot Size 0.38 acres (16,639.92 sqft)
Year Built 2022
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rough Hollow
County Travis
Zip Code 78738
$/sqft $364/sqft
Days on Market ,
HOA $208/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226101362
List Date April 27, 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.

Schedule a Call →

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 27, 2026 $2,100,000
Previous ask $1,599,995
Current ask $1,575,000
Reduced $525,000 (-25.0%) 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
109 Bella Colinas Dr
Lakeway Highlands Rough Hollow
$1,575,000 $392 4 bd / 4 ba 4,013 sqft , 2026-04-24
4155 Bee Creek Rd
Bee Creek Lakeside
$1,430,969 $344 4 bd / 4 ba 4,160 sqft , 2026-09-15
3719 Bee Creek Rd
TRAVIS SETTLEMENT SEC 7
$1,750,000 $461 6 bd / 5 ba 3,794 sqft , 2026-07-08
406 Woodside Ter
Lakeway Highlands Ph 1 Sec 7B
$1,399,000 $317 5 bd / 6 ba 4,408 sqft , 2026-03-29
3831 Lakehurst Rd
Bee Creek Lakeside
$1,788,586 $360 5 bd / 6 ba 4,973 sqft , 2026-09-16

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
$7,560/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
$315,000
20% conventional investment loan

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

Estimated Gross Rent+$7,560
Principal + Interest−$8,595
Property Tax (~2.1% TX avg)−$2,756
Insurance (~0.5%)−$656
Est. Monthly Cash Flow $-4,447

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

More Luxury Homes in Lakeway

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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 16, 2026.

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