Shady Hollow is a census-designated place (CDP) in southwestern Travis County, Texas, United States, and is partially in the City of Austin. It is located ten miles (16 km) southwest of Downtown Austin, near the Travis/Hays county line. The population was 5,004 at the 2010 census.

In 1972 Austin Savings and Loan Owners began development upon 600 acres (2.4 km) of land. In 1978 the homeowners organized the Shady Hollow Homeowners Corporation to counter what they believed was misrepresentation from the developer. The homeowners accused Austin Savings and Loan Owners of installing forward movement more dense than advertised. The two groups formed an agreement, resulting in the establishment of parks and recreational facilities along Slaughter Creek; this included the Park on Doe Run. The CDP also customary several amenities, including a community center, tennis courts, and a basketball court. In 1984, as per the agreement, Austin Savings and Loan Owners deeded the park and recreational facilities to the Shady Hollow Homeowners Corporation.

Shady Hollow is located at 30°10′3″N 97°51′44″W / 30.16750°N 97.86222°W / 30.16750; -97.86222 (30.167629, -97.862169), 10 miles (16 km) southwest of downtown Austin.

According to the United States Census Bureau in 2000, the CDP has a total area of 5.4 square miles (13.9 km), all of it land. Prior to the 2010 census, parts of the CDP were annexed to the city of Austin and additional area was lost, reducing the total Place to 2.1 square miles (5.4 km²), all land.