$1,150,000
$50K PRICE DROP

101 Cascading Water Place Lakeway, TX 78734

Rough Hollow Neighborhood

Estimated payment $8,524/month

Total Views 2,377
5 Beds
3.5 Baths
3,008 Sq Ft
$382 Price per Sq Ft

Highlights

  • Fitness Center
  • Home Theater
  • Built-In Refrigerator
  • Serene Hills Elementary School Rated A-
  • Eat-In Gourmet Kitchen
  • Open Floorplan

About This Home

CARE FREE LAKE LIFE AT ITS FINEST! Discover exceptional Hill Country living in this beautifully designed 3,000 sq ft condominium—built and feels like a detached home—on a desirable corner lot just a one-minute walk to the Rough Hollow Yacht Club, Marina, and fitness center. Located within the gated Lake Ridge subdivision in Rough Hollow, this rare gem seamlessly blends luxury, comfort, and convenience.

A welcoming private courtyard at the front adds inviting, versatile outdoor space. Inside, soaring vaulted and high ceilings enhance an open, airy feel.

The main level boasts a gourmet chef’s kitchen, featuring floor-to-ceiling solid wood cabinetry, premium Thermador appliances, and an oversized island ideal for entertaining. Adjacent, the primary suite offers a serene retreat with a spa-inspired bath—complete with a soaking tub, walk-in shower, and custom walk-in closet. Hardwood and tile flooring throughout adds warmth and durability.

A detached casita with its own entrance provides flexible space for guests, a home office, or a studio.

Upstairs, discover two additional bedrooms, a full bath with dual vanities, and a spacious media room—perfect for movie nights or casual lounging—with a covered porch overlooking the Hill Country. Enjoy motorized electric blinds throughout, offering seamless light control and smart-home convenience.

Indoor-outdoor living shines with a covered patio off the living room—fully equipped with a built-in grill—and a covered balcony upstairs, perfect for soaking in the scenic views. The private backyard, one of the only in the community, is approved for a pool—ideal for pets, play, or entertaining.

As part of Rough Hollow, you’ll enjoy an exceptional “lock-and-leave” resort lifestyle, with exclusive access to world-class amenities: marina access, resort-style pools including a lazy river, paddleboards, kayaks, sports courts, trails, fine dining, and a year-round activities director.

Listing Agent

Matthew Hoyt

Res and Ranch LLC Brokerage Phone: (512) 829-3580 License #0656276 Listed on: 06/17/2025

Co-Listing Agent

Russell Martinez

Res and Ranch LLC Brokerage Phone: (512) 829-3580 License #0470737

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,807

Year Built

  • Built in 2018

Lot Details

  • North Facing Home
  • Landscaped
  • Level Lot
  • Rain Sensor Irrigation System
  • Few Trees
  • Back Yard Fenced

HOA Fees

  • $495 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Single Garage Door
  • Driveway

Home Design

  • Slab Foundation
  • Tile Roof
  • Flat Tile Roof
  • Masonry Siding
  • Stone Siding
  • Stucco

Interior Spaces

  • 3,008 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Chandelier
  • Double Pane Windows
  • Window Screens
  • Living Room
  • Dining Room
  • Home Theater
  • Park or Greenbelt Views

Kitchen

  • Eat-In Gourmet Kitchen
  • Open to Family Room
  • Built-In Oven
  • Gas Range
  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • In-Law or Guest Suite
  • Double Vanity
  • Soaking Tub
  • Separate Shower

Home Security

Outdoor Features

  • Uncovered Courtyard
  • Covered Patio or Porch
  • Terrace
  • Outdoor Grill

Location

  • Property is near a clubhouse

Schools

  • Serene Hills Elementary School
  • Lake Travis Middle School
  • Lake Travis High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Propane
  • Vented Exhaust Fan
  • Underground Utilities
  • Propane
  • Municipal Utilities District for Water and Sewer
  • Tankless Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 01398313490000

Community Details

Overview

  • Association fees include common area maintenance, insurance
  • Lake Ridge Association
  • Villas/Rough Hollow South Shor Subdivision
  • Community Lake

Amenities

  • Clubhouse
  • Community Mailbox

Recreation

  • Fitness Center
  • Community Pool
  • Dog Park

Security

  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Firewall

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,807

Year Built

Built in 2018

Lot Details

0

HOA Fees

$495 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 2018
  • Additional Parcels: No
  • Direction Faces: North
  • Directions: Highlands Blvd to Rough Hollow Drive. Left on yacht Club Court, left into Lake Ridge. Left onto Marina View Way. Left on Cascading Water Place.
  • Disclosures: MUD, Seller Disclosure
  • Fencing: See Remarks, Back Yard, Fenced
  • Garage Spaces: 2
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: Two
  • Living Area: 3008
  • Other Structures: See Remarks
  • Special Listing Conditions: Standard
  • Co List Office Mls Id: ACT703568
  • Co List Office Phone: (512) 829-3580
  • Attribution Contact: (512) 829-3580
  • ETJ Extra Territorial Jurdn: See Remarks
  • Estimated Taxes: 22806.83
  • FEMA Flood Plain: No
  • Restrictions: See Remarks,Deed Restrictions
  • Tax Exemptions: None
  • Unit Style: 1st Floor Entry,End Unit
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Ceiling Fan(s), Beamed Ceilings, Vaulted Ceiling(s), Chandelier, Quartz Counters, Double Vanity, Eat-in Kitchen, High Speed Internet, In-Law Floorplan, Interior Steps, Kitchen Island, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Soaking Tub, Walk-In Closet(s)
  • View: Park/Greenbelt
  • Flooring: Carpet, Tile, Wood
  • Accessibility Features: None
  • Appliances: Built-In Oven(s), Built-In Refrigerator, Dishwasher, Disposal, Gas Range, Microwave, Stainless Steel Appliance(s), Vented Exhaust Fan, Water Heater, Tankless Water Heater, Wine Refrigerator
  • Main Level Bedrooms: 2
  • Property Condition: Resale
  • Security Features: See Remarks, Carbon Monoxide Detector(s), Firewall(s), Smoke Detector(s)
  • Window Features: Double Pane Windows, Screens
  • Laundry Location: Inside,Laundry Room,Main Level
  • Num Dining: 1
  • Num Living: 2
  • Num Other Level Beds: 3
  • Num Guest Beds: 1

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Uncovered Courtyard, Rain Gutters, Outdoor Grill
  • Roof: Flat Tile, Tile
  • Foundation: Slab
  • Patio And Porch Features: Covered, Rear Porch, Terrace
  • Pool Features: None
  • Private Pool: No
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2
  • Parking Features: Attached, Door-Single, Driveway, Garage Faces Front
  • Total Parking Spaces: 4

Utilities

  • Sewer: MUD
  • Utilities: Cable Available, Electricity Connected, High Speed Internet, Phone Available, Propane, Sewer Connected, Underground Utilities, Water Connected
  • Heating: Central, Electric, Propane
  • Water Source: MUD
  • Cooling: Ceiling Fan(s), Central Air, Electric

Condo/Co-op/Association

  • HOA Fee Includes: See Remarks, Common Area Maintenance, Insurance
  • Association Fee Frequency: Monthly
  • Association Fee: 495

Association/Amenities

  • Association Name: Lake Ridge
  • Association: Yes
  • Community Features: Clubhouse, Cluster Mailbox, Controlled Access, Dog Park, Fitness Center, Lake, Pool

Schools

  • Elementary School: Serene Hills
  • High School: Lake Travis
  • Middle/Junior School: Lake Travis
  • Junior High Dist: Lake Travis ISD

Lot Info

  • Lot Features: Greenbelt, Back Yard, Close to Clubhouse, Corner Lot, Few Trees, Landscaped, Level, Public Maintained Road, Sprinkler - Automatic, Sprinklers In Rear, Sprinklers In Front, Sprinkler - Rain Sensor, Views
  • Parcel Number: 01398313490000
  • Lot Size Acres: 0.4063
  • Lot Size Sq Ft: 17698.43
  • Subdivision Name: Villas/Rough Hollow South Shor

Building Info

  • Construction Materials: See Remarks, Masonry – All Sides, Stone, Stucco
  • New Construction: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 22806.83
  • Tax Map Number: 15A
  • Tax Filled Sqft Total: 3390
  • Tax Rate: 2.07791400000000

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 Price Changed $1,150,000 -4.2% $382 / Sq Ft
06/17/2025 06/17/25 For Sale $1,200,000 +2.1% $399 / Sq Ft
07/25/2023 07/25/23 Sold -- -- --
07/14/2023 07/14/23 Pending -- -- --
05/01/2023 05/01/23 For Sale $1,174,900 -- $391 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 8455756

Unlock MLS (Austin Board of REALTORS®)