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78738 Homes for Sale
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The 78738 zip code covers some of the most desirable real estate in the Austin Hill Country, running along the Highway 71 and RR 620 corridor through communities in and around Bee Cave and Lakeway. Residents here get dramatic limestone terrain, proximity to Lake Travis, and access to two of Central Texas's most respected school districts, all within a reasonable commute of downtown Austin. The landscape shifts from gated golf course enclaves to newer master-planned communities with resort-style amenity centers, and the range of available properties reflects that variety. Raw Hill Country land, lakefront estates, attached condos, and move-in-ready new construction all coexist within this zip code. Neighborhoods | Schools | Market Overview | New Construction | Getting Around | FAQs
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About 78738 Homes for Sale
Neighborhoods & Subdivisions in 78738
The 78738 zip code contains a wide range of distinct communities. Rough Hollow is one of the signature master-planned communities in this corridor, sitting directly on Lake Travis with a private marina, resort pool complex with a lazy river, fitness center, and an extensive trail network. The community includes everything from attached villas to large single-family homes, and the amenity calendar keeps residents active throughout the year.
Sweetwater occupies the ridgeline above Bee Cave, where the hilltop lots deliver sweeping Hill Country views and the amenity center rivals what most resort developments offer. It draws buyers who want newer construction and open floor plans without starting a full custom build from scratch. Madrone Canyon has a quieter, more established character, with mature cedar and live oak lining streets that wind through the kind of terrain that makes this part of Travis County worth living in.
Provence is a gated community with a French country aesthetic, generous lot sizes, and Hill Country views from many of its homesites. For buyers seeking the top of the market, Spanish Oaks is the premier address in 78738. It is a guard-gated community built around the Spanish Oaks Golf Club, with estate lots, preserved wildlife corridors winding between homesites, and a private club atmosphere that is difficult to replicate anywhere else in Central Texas.
Preservation Ranch offers some of the most dramatic acreage parcels in Travis County, with deep ravines, native Hill Country landscape, and genuine seclusion despite its location just minutes from Bee Cave Road. Lake Pointe is an established community with direct Lake Travis access and long-tenured residents who appreciate its waterfront proximity. Lakeway Highlands and Hills Lakeway offer more traditional single-family homes in a well-established setting close to Lakeway's retail and dining core.
The Lakeway World Tennis Condo community is one of the more unique options in this zip code, with roots in the historic Lakeway Resort and Spa tennis complex. These condos represent one of the more attainable entry points into an area where most price tiers skew well above the regional average. Flintrock Hurst Creek sits within the gated Flintrock at Hurst Creek master plan, anchored by the private Flintrock Falls Golf Club and known for custom homes on larger lots.
Schools Serving 78738
School access is one of the defining characteristics of the 78738 zip code. Depending on where a specific address falls within the zip, students are zoned to either Lake Travis ISD or Eanes ISD, and both districts consistently earn recognition among the top public school systems in Texas.
Lake Travis ISD feeds into Lake Travis High School, which has built a reputation for competitive academics, strong performing arts programs, and an athletic program that has produced state championships across multiple sports. Elementary campuses serving this portion of 78738 include Serene Hills, Rough Hollow, Bee Cave, Lake Travis, West Cypress Hills, and Lake Pointe. Middle school students attend either Bee Cave Middle School or Hudson Bend Middle School before moving to Lake Travis High.
The Eanes ISD section of 78738 feeds into Westlake High School, which has long ranked among the top public high schools in Texas for college placement rates and academic rigor. Barton Creek and Lakeway elementary schools serve younger students in that district, with West Ridge Middle School as the bridge before high school.
Because the district boundary runs through this zip code, school zoning can vary significantly between addresses that are physically close to each other. Buyers for whom school assignment matters should verify the specific district for any property before going under contract.
Real Estate Market Overview
The 78738 market occupies a distinct position in the broader Austin metro. This is recognized Hill Country territory with the kind of address that holds value through market cycles. The inventory mix spans attached condos and smaller single-family homes at the entry level all the way to multi-million-dollar estate properties on large acreage lots with panoramic views.
Single-family residential makes up the bulk of available inventory, but there is also a meaningful supply of raw land for buyers who want to build custom from the ground up. Buyers comparing options in this corridor often look at listings across nearby Bee Cave, Lakeway, and The Hills alongside properties in 78738, as all three share similar access, terrain, and school options. You can browse the full range of Austin area homes for sale to compare this submarket against others across the metro.
One factor that distinguishes 78738 from faster-moving urban submarkets is pace. Homes here generally spend more time on market than properties in central Austin, which can work in a prepared buyer's favor when it comes to due diligence, inspections, and negotiation. The school zoning split between Lake Travis ISD and Eanes ISD also creates price differences between otherwise comparable homes, so that boundary deserves careful attention during any search in this zip.
New Construction in 78738
New construction is an active part of the 78738 market. Builders including Drees Custom Homes, Westin Homes, Chesmar Homes, Ashton Woods, and David Weekley Homes have all had recent activity here, primarily concentrated in the newer master-planned communities. Sweetwater has been one of the most consistently active corridors, with production builders offering contemporary finishes and move-in-ready timelines on the western ridgeline above Bee Cave.
For buyers interested in a full custom build, the land inventory in communities like Preservation Ranch and the surrounding Hill Country acreage tracts offers genuine custom opportunities. The combination of dramatic topography, mature native vegetation, and proximity to Austin makes 78738 one of the more compelling zip codes in Central Texas for buyers who want to design and build from scratch.
Getting Around 78738
The 78738 zip code runs along the Highway 71 and RR 620 corridor, connecting the area to the rest of the Austin metro. Downtown Austin sits roughly 20 to 30 miles to the east, with typical light-traffic commutes in the 25 to 35 minute range. Peak-hour congestion on Highway 71, the Mopac expressway, and the Loop 360 interchange can extend that window considerably, so commute timing is worth testing before committing to a specific community.
The Hill Country Galleria in Bee Cave anchors the retail scene for much of 78738, with Whole Foods, a movie theater, major retail chains, and dozens of restaurants all in one walkable outdoor mall. The Westlake Hills and 360 corridor add more dining and specialty retail within a short drive. For residents commuting to the Domain, the tech corridor along Highway 183, or the University of Texas area, routes vary, but most 78738 addresses put those destinations in the 30 to 45 minute range depending on traffic.
The team at Neuhaus Realty Group knows the 78738 corridor in depth, from the waterfront communities along Lake Travis to the hilltop estates above Bee Cave. If you have questions about school boundaries, commute patterns, or how specific neighborhoods in this zip compare to each other, we are glad to walk through it with you.
Frequently Asked Questions
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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