508 Tempranillo WAY, Austin TX 78738

Austin, TX 78738 | Lakeway Highlands

Ed's Opinion of Value

$1,150,000 Ed's Estimate: $1,756,463 $1,955,002
Lowest Comp Recommended List: $971,000 to $981,000 Highest Comp
The comparable sales data (3 recent transactions in LAKEWAY HIGHLANDS) supports an estimated value of $1,756,463. The data suggests a list price between $971,000 and $981,000 would attract qualified buyers without leaving money on the table. Buyers shopping in LAKEWAY HIGHLANDS right now would see this as a well positioned option among 6 comparable homes. The smaller floor plan (397 sqft compared to the average comp) is a meaningful differentiator in this price range. A pool adds market appeal. Only 3 minus 2 of the comps had one. The active market in LAKEWAY HIGHLANDS includes 6 comparable homes priced from $800,000 to $1,449,999. Prices in LAKEWAY HIGHLANDS have risen 7.1% over the last 6 months. A similar home at 204 Colca CV, Austin TX 78738 carries an adjusted comparable value of $1,955,002, providing a strong data point. This estimate draws on 3 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus
5 Beds
7 Baths 5 Full, 2 Half
4,540 Sq Ft
0.3973 Acres
2014 Built
4 Garage

About This Property

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.

Property Highlights

Pool Infinity

Features

  • Bookcases
  • Breakfast Bar
  • Built-in Features
  • Ceiling Fan(s)
  • Beamed Ceilings
  • High Ceilings
  • Double Vanity
  • French Doors
  • In-Law Floorplan
  • Kitchen Island
  • Multiple Dining Areas
  • Multiple Living Areas
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Storage
  • Walk-In Closet(s)

Location

Schools

School District Lake Travis ISD
Elementary Rough Hollow
Middle School Lake Travis
High School Lake Travis

Property Details

Property Type Residential Lease
Flooring Carpet, Tile, Wood
Cooling Central Air
Heating Central
Exterior Balcony, Barbecue, Gas Grill, Gutters Partial, Lighting, Private Yard
County Travis
MLS # 1695660
Garage 4 spaces

Listing History

MLS# 1695660 25 days
Sep 26, 2025 Off Market
Aug 14, 2025 Price Change $7,850
Aug 4, 2025 Listed $8,500

Frequently Asked Questions About 508 Tempranillo WAY, Austin TX 78738

When was 508 Tempranillo WAY, Austin TX 78738 built?

508 Tempranillo WAY, Austin TX 78738 was built in 2014.

How much does 508 Tempranillo WAY, Austin TX 78738 cost?

508 Tempranillo WAY, Austin TX 78738 sold on September 26, 2025. Contact us for sale price details.

Similar Properties

Browse More Properties

Request Tour

Contact Agent

Interested in this property?

Get more information or schedule a tour

By submitting this form, you consent to receive communications from Neuhaus Realty Group via phone, email, or text regarding your property inquiry. You may opt out at any time. Your information will not be shared. See our Privacy Policy.