Lakeway, TX Real Estate

About Lakeway, TX Real Estate

Lakeway has been a Hill Country destination since the 1960s, when developers transformed ranch land along Lake Travis into a resort community centered around golf and lakeside living. Today, the city spans more than 8,000 acres and offers everything from luxury waterfront estates to welcoming neighborhoods with community pools and parks. The city's location on the lake, combined with access to championship golf, tennis facilities, and miles of hiking and biking trails, makes it a top choice for buyers seeking an active, outdoor-oriented lifestyle without sacrificing proximity to Austin.

Neighborhoods & Subdivisions in Lakeway

Lakeway's real estate landscape is incredibly diverse, ranging from affordable condos to multimillion-dollar custom estates. Rough Hollow is one of the city's premier master-planned communities, featuring a mix of single-family homes, estate lots, and townhomes, along with amenities like a yacht club, lazy river pool, fitness center, and miles of trails. Within Rough Hollow, Rough Hollow - The Point offers larger custom homesites with Hill Country and lake views, while Rough Hollow- Las Brisas Estates features upscale homes on premium lots.

For buyers seeking more affordable entry points, Lakeway World Tennis Condo offers low-maintenance condo living with access to tennis courts and community amenities, making it popular with second-home buyers and retirees. Cardinal Hills and the various Lakeway Sections (including Lakeway Sec Clusters) are established neighborhoods with mature trees, larger lots, and a mix of original homes and remodeled properties. These sections were among the first developed in Lakeway and offer a more traditional Hill Country feel with winding streets and natural vegetation.

Lohmans Crossing Estates and Serene Hills are newer developments offering modern floor plans and energy-efficient construction, while Landing Lakeway and District bring mixed-use, walkable concepts to the area with townhomes, shops, and restaurants. Lakeway Highlands and Pinnacle feature homes on elevated lots with panoramic Hill Country views, while Enclave offers gated privacy and luxury finishes.

Buyers will also find custom builds on large lots throughout the city, particularly in areas like Lake Oak Estates, where wooded homesites and privacy are the main draw. Whether you're looking for a lock-and-leave condo, a move-in-ready home in a golf course community, or a custom estate on acreage, Lakeway has options across a wide range of price points.

Schools in Lakeway

Lakeway is served by Lake Travis ISD, consistently ranked among the top school districts in Texas for academics, athletics, and extracurricular programs. Elementary students attend one of several highly rated campuses, including Lakeway Elementary, Rough Hollow Elementary, Serene Hills Elementary, West Cypress Hills Elementary, or Lake Travis Elementary, depending on their address. Middle school students attend either Lake Travis Middle School or Hudson Bend Middle School, both of which offer strong academic programs and competitive sports. All students feed into Lake Travis High School, known for its state championship football program, rigorous AP course offerings, and robust fine arts and STEM programs.

The district's reputation is one of the main reasons buyers choose Lakeway, and the schools' performance on state assessments and college readiness metrics consistently exceed state averages. Many Lakeway neighborhoods are zoned to schools within walking or biking distance, adding to the appeal for buyers with school-age children.

Real Estate Market Overview

Lakeway's real estate market is competitive and well-established, with demand driven by the city's location, schools, and lifestyle amenities. Buyers will find a mix of single-family homes, townhomes, condos, and custom estates, with options ranging from affordable starter homes to luxury properties on the lake. The market includes both resale inventory and new construction from builders like David Weekley Homes, Drees Custom Homes, and Westin Homes, giving buyers flexibility in style, size, and price.

Condos and townhomes in communities like Lakeway World Tennis Condo offer lower-maintenance options, while master-planned neighborhoods like Rough Hollow provide resort-style amenities and a strong sense of community. Custom homes on larger lots in areas like Cardinal Hills or Lakeway Highlands appeal to buyers seeking privacy, views, and room to spread out. Lakefront properties command premium pricing and tend to move quickly when they hit the market.

Buyers also consider nearby Austin, Spicewood, and Lago Vista when comparing Austin area homes for sale, though Lakeway's combination of lake access, schools, and amenities makes it a standout choice in the Lake Travis region.

Lifestyle & Amenities

Lakeway is built around outdoor recreation and resort-style living. The city is home to three championship golf courses (Live Oak, Yaupon, and Flintrock Falls), all offering challenging play and stunning Hill Country views. The Lakeway Activity Center provides residents with fitness facilities, tennis courts, pools, and group exercise classes, while the city's parks and greenbelt trails offer miles of hiking and biking. Lake Travis itself is the centerpiece, with public boat ramps, marinas, and waterfront parks providing access to boating, fishing, swimming, and paddleboarding.

Downtown Lakeway, anchored by the Lakeway City Hall and library, is growing into a walkable hub with restaurants, shops, and services. The nearby Oaks at Lakeway shopping center offers grocery stores, dining, and retail, while The Village at Westlake and the shops along Highway 71 provide additional conveniences. The Hill Country Galleria in Austin is just a short drive east for more extensive shopping and entertainment options.

Community events like the Lakeway Fourth of July celebration, farmers markets, and concerts in the park foster a strong sense of connection among residents. The city also maintains several parks, including Lakeway City Park with its lakeside picnic areas and Hamilton Pool Preserve nearby for hiking and natural swimming holes.

Getting Around Lakeway

Lakeway sits about 20 miles west of downtown Austin via Highway 71, which provides direct access to the city and connects to MoPac (Loop 1) for north-south travel. The commute to downtown typically takes 30 to 40 minutes, depending on traffic, though remote work has made Lakeway increasingly attractive to buyers who no longer need to commute daily. FM 620 runs north from Lakeway through the Lake Travis area, connecting to Lago Vista, Jonestown, and points north, while Bee Caves Road (Highway 71) heads east toward Bee Cave and West Lake Hills.

Austin-Bergstrom International Airport is approximately 35 miles southeast, reachable in about 40 to 50 minutes via Highway 71 and Highway 183. While Lakeway is primarily a car-dependent community, the city's network of trails and bike lanes makes it easy to get around locally on foot or by bike, particularly within master-planned neighborhoods like Rough Hollow.

For buyers working in Austin or other parts of the metro, Lakeway offers a resort-town escape with reasonable access to the city's employment centers, hospitals, and cultural attractions. The trade-off is a longer commute in exchange for Hill Country scenery, lake access, and a slower pace of life.

If you're considering a move to Lakeway or the greater Lake Travis area, Neuhaus Realty Group specializes in Hill Country real estate and can help you navigate the local market, from golf course communities to lakefront estates.