201 Olivia Dr, Austin, TX 78738

Only 7 homes left of 142! This is the last Castell. Boasting 20' vaulted ceilings, dual Owners Suites, tall cabinets, quartz countertops, modern chic finishes, nice yard & breathtaking lake views. Unique one-of-a-kind! HOA Information: The $459/month fee encompasses the $230/month that all residents of Rough Hollow pay. This includes access to multiple pools, the lazy river, fully equipped gym + classes, tennis courts, basketball courts, volleyball courts, off leash dog parks, miles of trails and access to the Yacht Club & Marina. The other $229/month covers the condominium. This portion includes all common areas, the maintenance and care of all yards (front & back), the driveways & walkways on the individual units, exterior pest treatment, fence maintenance and roof insurance. This is a true lock & leave condominium.

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.