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Homes for Sale › Bee Cave › Hills Lakeway

Homes for Sale near Hills Lakeway, Bee Cave, TX

8 listings found

Hills Lakeway is one of the most established and sought-after communities in the Lake Travis corridor, built around The Hills Country Club and its championship golf course. Tucked into the rolling terrain of Travis County, the neighborhood offers residents a Hill Country backdrop with mature oak trees, generous lot sizes, and a distinctly upscale character. Homes here range from well-appointed single-family residences to custom estates, all within the highly regarded Lake Travis ISD attendance zone. The community has a timeless quality that keeps demand steady among buyers seeking proximity to Lake Travis, Bee Cave's retail corridor, and downtown Austin without sacrificing the feel of Hill Country living. Neighborhoods | Lifestyle | Schools | Market Overview | Getting Around | FAQs

$1,074,000 Median Price
59 Avg Days on Market
8 Active Listings
4.4 Months of Inventory
For Sale For Rent Land Farms & Ranches
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5 Valhalla CT, Austin TX 78738 For Sale 34 photos
$699,000
3 bd 3 ba 2,500 sqft
5 Valhalla CT, Austin TX 78738 Austin, TX 78738
3 days on market 3.5 mi away
10 Lost Meadow TRL, The Hills TX 78738 For Sale 39 photos
$1,200,000
5 bd 4 ba 3,510 sqft
10 Lost Meadow TRL, The Hills TX 78738 The Hills, TX 78738
10 days on market 3.6 mi away
4 TIBURON DR, The Hills TX 78738 For Sale 21 photos
$998,000
4 bd 4 ba 3,182 sqft
4 TIBURON DR, The Hills TX 78738 The Hills, TX 78738
43 days on market 3.2 mi away
1 Sparrowglen LN, The Hills TX 78738 For Sale 36 photos
$1,250,000
4 bd 4 ba 3,460 sqft
1 Sparrowglen LN, The Hills TX 78738 The Hills, TX 78738
45 days on market 3.7 mi away
6 Monarch Oaks LN, Austin TX 78738 For Sale 40 photos
$695,000
4 bd 3 ba 2,694 sqft
6 Monarch Oaks LN, Austin TX 78738 Austin, TX 78738
52 days on market 4 mi away
10 Monarch Oaks LN, The Hills TX 78738 For Sale 40 photos
$875,000
4 bd 5 ba 3,880 sqft
10 Monarch Oaks LN, The Hills TX 78738 The Hills, TX 78738
60 days on market 4 mi away
2 Heatherbloom LN, The Hills TX 78738 For Sale 39 photos
$1,549,999
4 bd 5 ba 5,183 sqft
2 Heatherbloom LN, The Hills TX 78738 The Hills, TX 78738
124 days on market 3.9 mi away
52 Club Estates PKWY, The Hills TX 78738 For Sale 40 photos
$1,150,000
4 bd 4 ba 3,503 sqft
52 Club Estates PKWY, The Hills TX 78738 The Hills, TX 78738
135 days on market 4 mi away

About Hills Lakeway Homes for Sale

Neighborhoods & Subdivisions in Hills Lakeway

Hills Lakeway was developed across multiple phases, and each phase has its own character within the broader community. Phase 1 contains some of the original homes from the community's early development and tends to feature larger lots with mature landscaping that has had decades to establish itself. Phase 2 homes are generally more contemporary in layout, while Phase 3 commands premium positioning due to lot placement and views across the Hill Country terrain. Phase 4 offers a broader range of home sizes, making it one of the more accessible entry points into the neighborhood without sacrificing the community's overall atmosphere.

All phases share access to the golf course setting and the amenities of The Hills Country Club. The community is tightly knit, with most streets winding through wooded lots that create privacy between neighbors. Buyers looking at adjacent communities may also consider Hills in nearby Bee Cave, which shares a similar Hill Country character and sits just a few minutes west along Highway 71.

Lifestyle in Hills Lakeway

Life in Hills Lakeway centers on the outdoors and the Country Club experience. The Hills Country Club anchors the community with golf, tennis, a fitness center, and dining that residents use throughout the year. The surrounding terrain provides natural beauty in every season, with the neighborhood's oak-covered lots creating a shaded, private atmosphere that newer master-planned communities rarely replicate. The golf course views from select homes are a genuine draw, and many properties back up to fairways or open Hill Country terrain.

Lake Travis is a short drive away, bringing boating, fishing, and waterfront dining into easy reach. The Lakeway area along RR 620 has its own growing retail and dining scene, while the Bee Cave Galleria on Highway 71 adds a full range of shopping options including major anchors and well-regarded restaurants. For residents who want more urban energy, Austin proper remains accessible without committing to city living full time.

Schools Serving Hills Lakeway

Hills Lakeway is zoned to Lake Travis ISD, one of the most consistently strong school districts in the Austin metro area. Elementary-aged students attend either Lakeway Elementary or Serene Hills Elementary, both well-regarded campuses within the district. Middle schoolers feed into Hudson Bend Middle School before completing their K-12 path at Lake Travis High School, which is known for rigorous academics and a competitive athletic program that draws significant community involvement.

Lake Travis ISD's performance record is a meaningful factor for many buyers considering this part of Travis County. The district's consistency over the years, combined with the community's Hill Country setting, makes Hills Lakeway a location where school quality and lifestyle reinforce each other in a way that is difficult to replicate at a comparable price point elsewhere in the region.

Real Estate Market Overview

Hills Lakeway is firmly positioned in the upper tier of the Lake Travis real estate market. The homes here are predominantly four-bedroom single-family residences on lots that average around a third of an acre, giving the neighborhood a spacious character that buyers coming from denser parts of Austin tend to notice immediately. Custom finishes and golf course proximity are common throughout the community, which keeps the baseline quality of available inventory high.

Because Hills Lakeway does not see new construction, every transaction involves an established home. This contributes to the community's character, but it also means buyers should expect a selective inventory and be prepared to move decisively when a well-positioned property comes to market. Buyers who are still getting oriented across the broader Austin area homes for sale will find that Hills Lakeway sits at a premium compared to many surrounding zip codes, reflecting the land, the lifestyle, and the school district working together.

Getting Around Hills Lakeway

Hills Lakeway sits along the RR 620 corridor in western Travis County, which serves as the primary artery connecting Lakeway to the rest of the Austin metro. From the neighborhood, Bee Cave is a five-minute drive west along Highway 71, while downtown Austin is roughly 25 to 30 minutes under normal traffic conditions via 620 to RR 2222 or through Bee Cave Road. The corridor has multiple routing options, which gives residents some flexibility during peak commute hours.

For daily errands, the Lakeway area along 620 has expanded considerably in recent years, with grocery stores, medical offices, restaurants, and specialty retail all within a short drive. The Galleria at Bee Cave, just minutes away, adds a broader shopping district that handles most household needs without requiring a trip into Austin. Austin-Bergstrom International Airport is approximately 40 to 45 minutes in typical traffic, a manageable drive for those who travel regularly for work.

Hills Lakeway is a driving community. The streets are designed for residents moving between home, the club, and the surrounding retail corridors, not for walking to destinations. That said, the internal road network is quiet and well maintained, and the proximity to multiple highway connections makes regional travel relatively efficient.

When you are ready to explore what Hills Lakeway has to offer, the team at Neuhaus Realty Group knows this community well and can help you identify the right phase, the right lot position, and the right home to match your priorities in the Lake Travis area.

Frequently Asked Questions

What school district serves Hills Lakeway?
Hills Lakeway is zoned to Lake Travis ISD. Elementary students attend Lakeway Elementary or Serene Hills Elementary, middle schoolers go to Hudson Bend Middle School, and the high school is Lake Travis High School. Lake Travis ISD is consistently one of the top-performing districts in the greater Austin area.
Is Hills Lakeway a gated community?
Yes, Hills Lakeway is a gated community built around The Hills Country Club and its championship golf course. Access is controlled at entry points, which contributes to the neighborhood's quiet, private atmosphere.
How far is Hills Lakeway from downtown Austin?
Hills Lakeway is roughly 25 to 30 miles from downtown Austin, translating to about 30 to 40 minutes in typical traffic via RR 620 and RR 2222 or through Bee Cave Road and Highway 71. Rush hour conditions can extend that estimate, but the corridor offers multiple routing options to help manage the commute.
What types of homes are available in Hills Lakeway?
The neighborhood consists almost entirely of single-family residential homes, with four-bedroom floor plans being the most common. Lots average around a third of an acre, and many homes feature golf course views or back up to wooded Hill Country terrain. Custom finishes are standard throughout much of the community. There is no new construction in Hills Lakeway.
What are property taxes like in Hills Lakeway?
Hills Lakeway is located in Travis County, where effective property tax rates typically fall in the range of 1.8 to 2.2 percent of assessed value. The exact rate depends on the specific tax entities that apply to your parcel, including the city, school district, and county. A local real estate professional can walk you through what to expect based on a specific address.
Is there an HOA in Hills Lakeway, and what does it cover?
Hills Lakeway does have a homeowners association. HOA dues help maintain the gated community infrastructure, common areas, and entry landscaping. Country Club membership, which covers access to golf, tennis, and fitness facilities, is typically separate from the base HOA fee. Buyers should request the full HOA disclosure package during the contract process to understand all associated fees.
What nearby communities compare to Hills Lakeway?
Buyers who like the Hills Lakeway lifestyle often look at Bee Cave and the surrounding Lakeway area, which share the Hill Country setting and Lake Travis ISD zoning. The Hills neighborhood in Bee Cave is a close neighbor with a similar character. Each community has a slightly different mix of price points, lot sizes, and amenities, so touring a few helps clarify where your priorities land.
Does Hills Lakeway have new construction available?
No. Hills Lakeway is a fully built-out community with no new construction activity. All available homes are resales of existing properties. Buyers who specifically want new construction should look at newer master-planned communities in the broader Lake Travis and Bee Cave area, where some new development continues.

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

Ed Neuhaus

Austin Real Estate Broker, Investor, and Pilot. Helping Texans buy, sell, and invest in real estate since 2009.

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