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$7,850
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5 bed, 5 bath, 4,540 sqft on 0.40 acres in Lakeway Highlands Ph 1 Sec 7A. Austin, TX 78738. $7,850. Lake Travis ISD.
Live the resort life in this stunning Mediterranean-style home in the coveted Rough Hollow community. Perched on a quiet cul-de-sac, 508 Tempranillo Way, Lakeway, TX is where luxury embraces tranquility and every detail invites you to linger.
Spanning 4,538 square feet on a generous 17,293 square-foot lot, this five-bedroom, six-bath masterpiece blends timeless elegance with modern comfort. Step into sun-filled living spaces with soaring ceilings, warm hardwood floors, and a cozy fireplace — perfect for intimate evenings or lively gatherings.
The gourmet kitchen is a chef’s dream, featuring double ovens, a sleek cooktop, and a welcoming breakfast bar, all framed by refined finishes that make cooking and entertaining a joy.
For entertainment, the home boasts a dedicated movie theatre with a powerful, high-fidelity sound system that transforms every film into a cinematic experience. A spacious game room and inviting media room add even more options for leisure and fun.
Upstairs, a private terrace offers a front-row seat to breathtaking canyon and lake views — an ideal spot for morning coffee, sunset cocktails, or quiet stargazing.
Step outside to your own resort-style oasis: an infinity pool that seems to melt into the canyon views, a spa for unwinding under the stars, and a fully equipped barbecue area for unforgettable alfresco evenings. The property’s lakefront location includes access to a marina and community pool, further enhancing your lakeside lifestyle.
Practicality meets indulgence with a 4-car garage, complete with a Tesla charging station, ample storage, and every modern convenience seamlessly integrated.
Whether you’re savoring peaceful mornings on the terrace or hosting grand celebrations under Texas skies, this home offers a rare balance of nature’s beauty, refined living, and unmatched amenities.
Experience life at its most exquisite.
Verified property facts
508 Tempranillo WAY is listed at $7,850 with 5 bedrooms, 5 full, 2 half bathrooms, 4,540 square feet, 0.40-acre lot.
508 Tempranillo WAY is zoned for Lake Travis ISD with assigned schools: Rough Hollow (8/10) (elementary), Lake Travis (8/10) (middle), Lake Travis (8/10) (high). School assignments should be verified directly with the district.
508 Tempranillo WAY is a Residential Lease built in 2014 featuring 5 bedrooms, 5 full, 2 half bathrooms, 4,540 square feet, 0.40-acre lot.
508 Tempranillo WAY is listed by Compass RE Texas, LLC. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Apr 25, 2026.
This page does not assume a mortgage rate or publish a monthly payment for 508 Tempranillo WAY. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
2 records on file
Every recorded listing, sale, and lease at 508 Tempranillo WAY, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-16.4% | — | $1,650,000 | — | — |
2024-13.9% | — | $1,974,000 | $200,000 | $2,116,000 |
2023+139.1% | — | $2,293,075 | $220,000 | $2,061,772 |
2022 | — | $959,171 | $115,500 | $2,177,575 |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($2K)
Adjustable assumption - not a lending recommendation.
$7,850
Luxury property intelligence
A sourced read on Lakeway Highlands Ph 1 Sec 7A pricing, timing, and property scale. No automated valuation claim.
List price
$7,850
Price per sqft
$2/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$650 reduction
$8.5K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
As of Apr 25, 2026, 508 Tempranillo WAY is offered at $7,850. The current MLS snapshot shows 202 active listings in 78738. Keenan Group has completed 30 verified transactions in 78738 within its 1,000+ completed transactions and $1B+ career volume across Austin.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
7 events on record
Current Price
$7,850
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-16.4% | — | $1,650,000 | — | — |
2024-13.9% | — | $1,974,000 | $200,000 | $2,116,000 |
2023+139.1% | — | $2,293,075 | $220,000 | $2,061,772 |
2022 | — | $959,171 | $115,500 | $2,177,575 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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