115 Montana Del Oro Way, Lakeway, TX 78738

Nestled at an impressive 1,100’ above sea level, this prime homesite offers unrivaled panoramic hill country views from the highest point in Rough Hollow. The breathtaking vistas provide a perfect backdrop for your custom home, making it a rare opportunity in one of the most sought-after neighborhoods in Lakeway. Located in an amenity-forward community, Rough Hollow is renowned for its luxury and convenience, offering everything from a world-class marina to scenic hiking trails and top-tier golf. This exceptional lot is owned by Sterling Custom Homes, a trusted builder and developer in the Lakeway area since 1989. When you purchase this homesite, you’re not just buying land—you’re securing the opportunity to design and build your custom dream home with Sterling Custom Homes, known for their attention to detail and commitment to delivering the highest quality in every project. Don’t miss your chance to own a piece of this prestigious community. This is truly a one-of-a-kind location in Rough Hollow!

This 0.3466-acre lot sits at 1,100 feet above sea level on the highest point in Rough Hollow, commanding panoramic views across the Hill Country that stretch for miles in every direction. The land slopes gently from the street, offering a pie-shaped lot configuration that maximizes sightlines while the greenbelt easement protects the vista corridor permanently. You're not looking at a postage stamp here. This is expansive terrain that feels like open country even though you're minutes from Lakeway's amenities.

The cleared lot faces a cul-de-sac on a public maintained road, meaning no fight with county infrastructure or maintenance agreements. The bluff elevation creates the rare combination of exposure without exposure risk, where storms roll across the valley below rather than through your property. This is the kind of site where you watch weather happen from the porch, not in your living room.

What makes this land remarkable is the freedom it grants. You're building in Lake Travis ISD, where Rough Hollow Elementary, Lake Travis Middle, and Lake Travis High School all rate 8/10 on GreatSchools ratings. The school district anchors family life here while the land itself anchors your vision. The Rough Hollow community includes an 8,000-acre resort with marina access, golf courses, and trail systems that give you the feeling of Hill Country living without isolation.

The property currently carries a $825,000 price tag on raw land, which means you're not paying for someone else's construction choices. You're acquiring the foundation for a custom home where every decision reflects your priorities. Sterling Custom Homes, active in the Lakeway area since 1989, understands what it takes to build on these elevations. The builder relationships already established here reduce your friction from permitting through completion.

The location sits approximately 35 minutes from downtown Austin, placing you between the Hill Country's recreational core and the city's employment centers around Dell, Apple, Tesla, Domain, and Oracle. This isn't a retreat property. This is a primary residence location that refuses to compromise between access and landscape.

The lot has spent 409 days on the market, which typically signals opportunity rather than problem. Raw land in prime positions moves on timing and buyer readiness, not urgency. If you've been waiting for elevation, view, and buildable cleared land in Lake Travis ISD without HOA complications, this is the moment to move.

Rough Hollow is the Lake Travis community that built a private marina first and then put the houses around it. The Rough Hollow Marina holds 196 boat slips directly on Lake Travis. Most lakeside neighborhoods require you to drive to a public ramp, launch, and deal with weekend crowds. Here, the marina is neighborhood infrastructure, and that proximity changes how residents relate to the water on a Tuesday afternoon versus only on holidays.

Rough Hollow is in Lakeway within the 78738 zip code, about 25 minutes west of downtown via Highway 71 and Hamilton Pool Road. The community sits along the southern shore of Lake Travis. Bee Cave's retail district is about seven minutes east, and Lakeway's commercial center is ten minutes west. The location is in the western growth corridor that has absorbed much of Austin's suburban expansion, and commercial infrastructure has largely caught up.

Housing spans from the early 2010s through current construction. Hill Country Contemporary dominates at roughly 35 percent, with limestone, metal roofing, and walls of glass oriented toward lake and canyon views. Texas Mediterranean accounts for about 25 percent. Modern Farmhouse at about 10 percent reflects recent trends. Townhomes and patio homes start in the low $500s, family homes trade between $800,000 and $1.5 million, and custom lakefront or ridgetop homes push from $2 million past $4 million. The size and variety create more pricing diversity than most gated Lake Travis neighborhoods.

Lake Travis ISD serves Rough Hollow. Families attend Bee Cave or Lakeway Elementary, Lake Travis Middle, and Lake Travis High. The district has a strong track record in academics, athletics, and extracurriculars. The commercial tax base in Bee Cave and Lakeway supports funding for facilities and programs. For families comparing districts, Lake Travis ISD competes directly with Eanes for academic outcomes.

The community maintains 22 miles of internal trails connecting neighborhoods, parks, and the lakefront. A lazy river pool, resort swimming complex, fitness center, and sports courts anchor the activity calendar. The marina offers boat and kayak rentals for residents without slip ownership. Canyon Grille serves American fare with views. SP Brazilian handles celebratory dinners. The Grove Wine Bar works for weeknight plates. Sixty Three brings cocktail-focused dining. Cafe Blue covers seafood, and Trattoria Lisina in Driftwood provides Italian in a vineyard setting worth the 30-minute drive. The Rough Hollow Lakeside Trail offers flat walking and running along the water as a daily route.

Compared to the Hills of Lakeway, Rough Hollow is newer and more lake-focused. The Hills offers a more established country club atmosphere, while Rough Hollow leans into water and trails. Compared to Serene Hills, Rough Hollow is significantly larger with more housing variety, but Serene Hills counters with a smaller feel and higher green space percentage. The marina is the clearest differentiator. No other master-planned community in the corridor offers that level of built-in lake infrastructure.

Rough Hollow fits buyers who want lake life integrated into daily routine rather than reserved for weekends. If you would take a boat out on a Wednesday evening or paddleboard at sunrise before the school run, the marina makes that frictionless. Families who value year-round resort amenities, Lake Travis ISD, and the social infrastructure of a large active community will find the lifestyle well-developed. It is a community that has moved past early-phase growing pains and now operates with a clear identity built around the water.