ActiveResidential · sale

701 Echelon

Lakeway, TX 78738

$1,599,995

  • 5 beds
  • 4 baths
  • 4,330 sq ft
  • 0.38 acres
  • Built 2022

Listed by Compass RE Texas, LLC · MLS #ACT9418996

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Interior Design & Experience: An elevated custom rock garden with an illuminated address marker sets the tone.

Year built

Built in 2022.

Garage parking

3 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

VIDEO LINK: https://www.instagram.com/reel/DYDVn1HxZKi/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==

Welcome to a fully realized luxury estate. Completed in April 2023 with over $600K in custom improvements, this home is a highly differentiated offering. On a premium corner lot backing to protected greenspace with canal access to Lake Travis, it delivers privacy and execution rarely achieved. Recreating this today would exceed $2M and require 12-24 months of construction.

Interior Design & Experience:
An elevated custom rock garden with an illuminated address marker sets the tone. Inside, the home reflects a fully integrated design vision. The living space is anchored by a 23-foot tiled fireplace with a custom mantle, floating shelving, and an indoor water feature. Entertain effortlessly at the custom wet bar featuring wine refrigeration and dimmable LEDs, illuminated by blown glass statement lighting. Supporting spaces include a dedicated media room, executive office, and custom closet systems.

Resort-Level Outdoor Living:
This is not a standard backyard upgrade; it is a meticulously engineered outdoor environment. A 45,000-gallon pool anchors the space with a 12-foot waterfall, 12-person raised spa, linear fire features, dual fire bowls, tanning ledge, and swim-up bar. A sunken pergola creates a seamless connection between guests and swimmers. Over $100,000 in landscape enhancements—including premium turf, welded steel planters, and 30+ trees—ensure total privacy.

Technology & Engineering:
Engineered for long-term performance, the property features a full-site drainage system and custom retaining walls to maximize usable space. Modern conveniences include motorized shades, a Tesla charger, Nest climate control, a solar Ring system, and a whole-home water softener.

Community & Lifestyle:
Zoned to Lake Travis ISD, enjoy Rough Hollow’s private yacht club, marina, fitness center, and resort pools. This is the finished result.

THE NEIGHBORHOOD

Explore the location.

701 Echelon, Lakeway, TX 78738

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2022
Full baths
4
Half baths
0
Garage spaces
3
Cooling
Central Air, Zoned
Heating
Central, Propane
Appliances
Microwave, Double Oven, Propane Cooktop, Stainless Steel Appliance(s), Tankless Water Heater
Flooring
Carpet, Tile, Wood
Fencing
None
Accessibility
None
Pool features
Heated, In Ground, Outdoor Pool, Pool/Spa Combo, Waterfall
Subdivision
Rough Hollow
Parcel
701 Echelon Pl
HOA
Rough Hollow HOA
HOA amenities
Common Area Maintenance
HOA fee frequency
Monthly
Elementary school
Rough Hollow
Middle school
Lake Travis
High school
Lake Travis
HOA fee
$208.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$6,666.65
Cap rate

Annual operating income:

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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701 Echelon, Lakeway, TX 78738 · MLS #ACT9418996

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Listing information

MLS #ACT9418996 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Oscar Draguicevich

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.