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Sherwood Forest Homes for Sale

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Sherwood Forest is one of Austin's most quietly prestigious neighborhoods, tucked into wooded terrain along Lake Austin just west of MoPac. The neighborhood is defined by enormous live oaks and cedar elms, a sense of seclusion that is increasingly rare at this distance from downtown, and homes that carry genuine architectural character on generous lots. It is the kind of place where people put down roots and stay for decades, which is precisely why inventory here is so consistently limited. Some properties back directly to Lake Austin, offering private water access that few Austin neighborhoods can match at this location. Neighborhoods | Lifestyle | Schools | Market Overview | Getting Around | FAQs

$2,699,000 Median Price
218 Avg Days on Market
1 Active Listings
For Sale For Rent Land Farms & Ranches
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5 bed, 4 bath, residential at 3406 GILBERT ST, Austin TX 78703, Austin TX For Sale 30 photos
$2,699,000
5 bd 4 ba 2,989 sqft
3406 GILBERT ST, Austin TX 78703 Austin, TX 78703
218 days on market 10 mi away

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4 bed, 3 bath, residential lease at 1904 Robinhood TRL, Austin TX 78703, Austin TX Off Market
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About Sherwood Forest Homes for Sale

Sherwood Forest: A Tightly Held Austin Neighborhood

Sherwood Forest occupies a narrow and highly coveted corridor along the north shore of Lake Austin, sitting between the Tarrytown area to the east and Westlake Hills to the west. The neighborhood is geographically compact, bounded by the lake on one side and the natural terrain on the other, which keeps the supply of available properties remarkably tight. The single subdivision that bears the neighborhood's name contains a mix of mid-century ranch homes, traditional two-story residences, and custom contemporary estates, all set on lots generous enough to absorb mature tree canopy and still have room for private outdoor living.

Streets wind through heavy cedar and oak cover, past long driveways, and around the natural contours of the Hill Country terrain. Waterfront lots along Lake Austin represent some of the most sought-after residential real estate in all of Travis County, offering private dock access and lake views in a setting that feels insulated from the city even though downtown Austin is a short drive east. Homes that are not directly on the water often sit on elevated lots with treetop views and a quietness that belies the location. The overall character is Old Austin at its best: established, private, and in no hurry to change.

Lifestyle and Amenities Near Sherwood Forest

Life here is oriented around the outdoors. Lake Austin provides kayaking, paddleboarding, and boating right at the doorstep for waterfront property owners, and public lake access points are minutes away for everyone else. Mayfield Park and its famous peacock colony sit nearby, offering a quiet respite of trails and gardens. The Barton Creek Greenbelt, one of Austin's most beloved natural assets, is a short drive south and connects to miles of hiking and swimming spots.

For everyday needs, residents benefit from a strong ring of amenities within a short drive. Randalls on Exposition, Central Market on North Lamar, and the boutiques and restaurants of the Tarrytown area cover daily errands and dining. The Lamar corridor runs south into the heart of Austin's dining scene. North on MoPac, the Arboretum and the Domain provide retail and restaurant options for those heading toward the tech corridor. Zilker Park and Barton Springs Pool are also close, giving the neighborhood easy access to some of Austin's most iconic green space without fighting through heavy traffic.

Buyers who appreciate lakeside living but want to explore similar settings farther from the city often look at Lakeway, which sits along Lake Travis to the northwest, or Lago Vista, a smaller Hill Country community on the north shore of Lake Travis. Both offer a more suburban pace at a different price point. For buyers who want the water combined with walkable proximity to Austin's core, Sherwood Forest is one of the strongest positions in the entire Austin area homes for sale market.

Schools Serving Sherwood Forest

Sherwood Forest is zoned to Austin Independent School District. Elementary students attend Casis Elementary, located in the Tarrytown area and known throughout Austin ISD for strong academic programming and an engaged school community. Casis consistently draws interest from buyers specifically because of its reputation within the district. Students feed from Casis into O. Henry Middle School, which serves the broader West Austin corridor and offers a range of extracurricular and academic programs. High school students attend Austin High School on North Loop, one of AISD's flagship campuses with deep ties to the surrounding community and a long record in both academics and the arts.

The Casis to O. Henry to Austin High pipeline is one of the more consistent public school pathways in the district. For buyers interested in private options, St. Andrew's Episcopal School and St. Gabriel's Catholic School are both within a short drive, as are several other well-regarded independent campuses in the West Austin corridor.

Real Estate Market in Sherwood Forest

Sherwood Forest operates at the premium end of the Austin residential market. The neighborhood's compact geography means true inventory is limited at any given time, and when homes do become available, they tend to attract buyers who have been watching the area closely. Properties here are rarely transactional. They carry the weight of the lot, the tree canopy, the water access where applicable, and the location, and pricing reflects all of it.

Every home in Sherwood Forest is an established single-family residence on an existing lot. There is no new construction and no planned development, which means buyers are always acquiring homes with history. Many have been significantly renovated or custom-rebuilt on their original footprints, and some carry period architecture that has been carefully preserved. The result is a market that rewards buyers who understand what they are buying and penalizes those who wait too long.

Neuhaus Realty Group tracks this pocket of the market closely, with specific knowledge of comparable sales, lot premiums along Lake Austin, and the renovation histories that affect pricing in an established neighborhood like Sherwood Forest.

Getting Around from Sherwood Forest

Sherwood Forest's position just west of MoPac makes it one of the more accessible lakeside neighborhoods in Austin. MoPac (Loop 1) connects the neighborhood directly north toward the tech campuses along 183, Braker Lane, and the Domain, and south toward downtown Austin in typically fifteen to twenty minutes under normal traffic conditions. Lake Austin Boulevard extends west from the neighborhood toward Westlake Hills and eventually connects to the Hill Country beyond.

For east-west movement across Central Austin, Enfield Road and 35th Street provide surface route alternatives into the University of Texas area and East Austin. Austin-Bergstrom International Airport is accessible via MoPac south to Highway 71, generally a thirty-minute drive depending on time of day. The neighborhood sits far enough from commercial corridors to feel genuinely removed from urban noise, while remaining practical for daily commuting in any direction.

Frequently Asked Questions

What school district serves Sherwood Forest?
Sherwood Forest is zoned to Austin Independent School District. The standard public school pathway runs through Casis Elementary, O. Henry Middle School, and Austin High School, all established campuses within AISD.
How far is Sherwood Forest from downtown Austin?
Sherwood Forest is approximately four to six miles from downtown Austin. Via MoPac, the drive typically runs fifteen to twenty minutes depending on time of day, making it one of the closer lakeside residential neighborhoods to the city core.
Are there waterfront properties in Sherwood Forest?
Yes. Some properties in Sherwood Forest sit directly on Lake Austin with private dock access. Waterfront lots in this location are among the most rare and sought-after in Travis County, given how close they sit to Austin's urban core.
Is Sherwood Forest considered a premium neighborhood?
Sherwood Forest is consistently among the most premium residential pockets in Travis County. The combination of Lake Austin proximity, large lots with mature trees, and a central Austin location places it at the upper tier of the local market. Buyers exploring comparable lakeside settings sometimes also consider Lakeway or Lago Vista, though both are considerably farther from downtown.
Is there new construction available in Sherwood Forest?
Sherwood Forest is a fully built-out neighborhood with no new construction. All homes are established single-family residences on existing lots, many of which have been significantly renovated or custom-rebuilt over the years. Buyers seeking new construction in the Austin area would need to look beyond this neighborhood.
What are property taxes like in Sherwood Forest?
Sherwood Forest sits within Travis County, where effective property tax rates typically range from approximately 1.8% to 2.2% of assessed value. The exact rate depends on applicable exemptions and the value assigned by the Travis Central Appraisal District. Texas has no state income tax, which is one reason property taxes tend to run higher than in many other states.
Does Sherwood Forest have an HOA?
Sherwood Forest does not have a mandatory homeowners association. This is consistent with many of Austin's older, established neighborhoods, where properties operate without monthly dues or the deed restrictions common in newer master-planned communities.
What types of homes are available in Sherwood Forest?
The neighborhood includes a range of residential styles, from mid-century ranch homes and traditional two-story residences to fully custom contemporary estates. Lots tend to be generous, with the mature live oaks and cedar elms that define the neighborhood's character. There are no condominiums, townhomes, or age-restricted communities within Sherwood Forest.
Ed Neuhaus, Austin Realtor

Ed Neuhaus

Broker / Owner, Neuhaus Realty Group · TREC #593057

Licensed Texas Realtor since 2007 serving Austin and the Hill Country. Investor, STR operator, and straight-talking advisor for buyers, sellers, and investors. 16 five-star reviews.

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Listing data provided by ACTRIS MLS. Information deemed reliable but not guaranteed. © 2026 Austin Central Texas Realty Information Service.

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