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Highland Terrace is part of Travis County County. Browse all homes for sale there for a wider search.
Market Overview for Highland Terrace
There are 2 active listings in Highland Terrace with a median list price of $858K and a median sold price of $725K.
Homes average 43 days on market.
Over the past 30 days, 2 homes have sold, with 7 sales in the past 12 months.
The average price per square foot is $287.
About Highland Terrace
Highland Terrace is a residential section within Rough Hollow, an 1,800-acre master-planned waterfront community in Lakeway, Texas (Travis County, 78738). Rough Hollow was developed by Legend Communities and debuted in 2007, with the overall community planned for approximately 1,900 homes.
Highland Terrace is located at the heart of Rough Hollow, with homesites backing up to the Canyonlands of Mount Lakeway. Elevations reach 1,100 feet above sea level — among the highest points in Rough Hollow. Homes range from 2,100 to 3,600 square feet, built by Brookfield Residential and Scott Felder Homes. The community is governed by the Rough Hollow South Shore HOA. Rough Hollow is not gated.
Rough Hollow is situated along Highlands Boulevard, just off Lakeway Boulevard. The community sits on the southern shore of Lake Travis and includes a yacht club with marina and boat slips. Downtown Austin is approximately 25 to 30 miles east. The community is served by Lake Travis Independent School District.
Highland Terrace homesites back up to the Canyonlands of Mount Lakeway, with panoramic views from the higher-elevation lots. Homes are built by Brookfield Residential, Scott Felder Homes, and LTX Homes II. The community is governed by the Rough Hollow South Shore HOA.
Rough Hollow's amenity package includes a yacht club with marina and boat slips, four resort-style pools, a splash pad, lazy river, swim-up bar, The Grill restaurant with lake views, and the Highland Village Amenity Center with an event pavilion and demonstration kitchen. A full-time activities director coordinates community events. Hike and bike trails connect to the Canyonlands of Mount Lakeway trail system.
Living in Highland Terrace
Highland Terrace residents have access to the full Rough Hollow amenity package: a yacht club with marina and boat slips, four resort-style pools, a splash pad, lazy river, swim-up bar, and the Highland Village Amenity Center with an event pavilion and demonstration kitchen. The Grill at Rough Hollow provides community dining with lake views. A full-time activities director coordinates community events. Hike and bike trails connect to the Canyonlands of Mount Lakeway.
Lake Travis ISD serves the community and earned a TEA rating of A (90/100) for 2024-25. The youngest residents attend Rough Hollow Elementary (an in-community campus) or nearby Serene Hills Elementary, with Lake Travis Middle School and Lake Travis High School for upper grades. Lake Travis ISD is a single-high-school district.
Rough Hollow offers three access routes in and out of the community. Hill Country Galleria shopping and dining in Bee Cave is a short drive. The property tax rate is approximately 2.1% to 2.2% (2025), comprising Lake Travis ISD, Travis County, City of Lakeway, and applicable MUD/ESD districts.
Things to Do in Highland Terrace
- Rough Hollow Yacht Club and Marina: A community yacht club with marina, boat slips, and a dual tram to the Ship's Store on Lake Travis.
- Lake Travis: A 64-mile-long Highland Lakes reservoir on the Colorado River, immediately north of Rough Hollow. Watersports include wakeboarding, kayaking, paddleboarding, and fishing.
- Rough Hollow Amenity Centers: Four resort-style pools, splash pad, lazy river, swim-up bar, and the Highland Village Amenity Center with event pavilion.
- Mount Lakeway Trail System: Hike and bike trails connecting from Rough Hollow into the Canyonlands of Mount Lakeway.
- Hill Country Galleria: An open-air shopping, dining, and entertainment center in Bee Cave, a short drive from Rough Hollow.
- Lakeway Resort and Spa: A resort and conference center with golf and spa services in Lakeway.
Major Employers in Highland Terrace
- Lake Travis ISD (Education): The public school district serving the Lake Travis area.
- Lakeway Resort and Spa (Hospitality): A resort, golf, and conference center and one of the largest employers in the City of Lakeway.
- Hill Country Galleria (Retail / Mixed Use): An open-air shopping and entertainment center in Bee Cave with retail and restaurant employers.
- City of Lakeway (Government): Municipal government serving the Lakeway community.
Highland Terrace Schools
Highland Terrace is served by Lake Travis Independent School District, which earned a TEA rating of A (90/100) for 2024-25. LTISD is a single-high-school district.
School District: Lake Travis ISD
Public Schools
Frequently Asked Questions
Is Highland Terrace part of Rough Hollow?
Yes, Highland Terrace is a residential section within Rough Hollow, an 1,800-acre master-planned waterfront community in Lakeway developed by Legend Communities. The overall community is planned for approximately 1,900 homes.
Does Highland Terrace have lake access?
Yes, Rough Hollow residents have access to the community yacht club with marina, boat slips, and a dual tram to the Ship's Store on Lake Travis. The community sits on the southern shore of Lake Travis.
What schools serve Highland Terrace?
Highland Terrace is served by Lake Travis ISD (TEA A rating, 90/100). Students attend Rough Hollow Elementary or Serene Hills Elementary, Lake Travis Middle School, and Lake Travis High School.
What amenities does Rough Hollow offer?
Rough Hollow amenities include a yacht club with marina, four resort-style pools, splash pad, lazy river, swim-up bar, Highland Village Amenity Center, The Grill restaurant, and hike and bike trails connecting to Mount Lakeway.
How far is Highland Terrace from downtown Austin?
Downtown Austin is approximately 25 to 30 miles east via RR 620 and TX-71 or MoPac. Rough Hollow offers three access routes in and out of the community.