Lakeway, TX · Shea Homes · ~750 homes · Lake Travis access · HOA $350–$450/mo · The luxury 55+ option in the Austin market — 20 miles from downtown, on the water
Trilogy at Rough Hollow is Shea Homes' 55+ active adult community within the master-planned Rough Hollow development in Lakeway. It occupies a distinct position in the Austin 55+ market: higher price points, water access, Hill Country views, and a resort lifestyle that the other communities in this market simply cannot match.
Lake Travis access through the Rough Hollow Yacht Club means residents can have boats, use the marina, and enjoy genuine lakefront lifestyle — not just proximity to water. For buyers who are specifically coming from coastal or lake communities in the Northeast or Midwest and want to maintain that relationship with water, this is the only community in the Austin corridor that delivers it meaningfully.
| Cost Component | Annual Estimate | Notes |
|---|---|---|
| HOA (annual) | $4,200–$5,400/yr | $350–$450/mo depending on home type |
| MUD district tax | ~$2,800–$3,500/yr | Rough Hollow MUD; applies to all lots |
| Property tax (est. $800K, 65+ primary) | ~$9,000–$12,000/yr | Travis County; after 65+ exemptions |
| Homeowners insurance | ~$3,000–$5,000/yr | Higher value home; lakefront proximity |
| Estimated annual housing costs (ex-mortgage) | ~$19,000–$25,900/yr on $800K home | |
Trilogy at Rough Hollow is a premium product at premium cost. Buyers who can afford it and want the Lake Travis lifestyle often describe it as the best decision they made. Buyers who are stretching to reach the price point should model the full annual cost carefully — the MUD tax alone adds $250–$290/month that is absent from all other communities in this market.
This community attracts a specific buyer: typically someone with significant equity from a California, Northeast, or Pacific Northwest home sale who wants genuine lake lifestyle, Austin proximity, modern Shea Homes construction, and is comfortable with higher ongoing costs in exchange for a premium living environment. The price points ($600K–$1.5M+) and HOA costs put it out of reach for most buyers in the Austin 55+ market — which is precisely why those who can afford it appreciate the relative exclusivity.
We can walk through the full cost picture and compare it against other Austin-area options for your specific budget.
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