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You are here: Home / Homes / Top 20 Austin Neighborhoods with Great Schools $1MM-$1.5MM

Top 20 Austin Neighborhoods with Great Schools $1MM-$1.5MM

October 3, 2022 By Rebecca Jacks

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If you’re looking for a top school district in Austin and don’t want to sift through ratings to find the neighborhoods with the best schools, you’ve come to the right place. In our Top Rated Schools blog series, we’re listing out the top 20 Austin neighborhoods with the best schools in every price range. In this post, we’ll show you where to find the Top 20 Austin neighborhoods with great schools $1MM-$1.5MM. Not sure which neighborhood is for your? Scroll down to read about our Austin Neighborhood Finder.

top 20 Austin neighborhoods with great schools $1MM-$1.5MM

Mapped: Top 20 Austin Neighborhoods with Great Schools $1MM-$1.5MM

Prefer to get a visual look at where the top Austin neighborhoods with great schools $1MM-$1.5MM are? Check out our interactive map below. We’ve divided them into school districts in case you want to drill down.

Avana

top 20 Austin neighborhoods with great schools $1MM-$1.5MM avana
  • Zip Code: 78739
  • School District: Austin ISD
  • Elementary, Middle, High School: Bear Creek Elementary (10/10), Gorzycki Middle (9/10), Bowie High (8/10)
  • Average Price: $1,277,779
  • Median Price: $1,216,000
  • Average Beds/Baths: 4/4
  • Average SqFt: 3,338
  • Average Lot Size: 0.208 acres

Avana in Southwest Austin is an exclusive enclave within the larger Circle C community that redefines luxury living. With a large section of homes priced between $1MM and $1.5MM (and some less), this neighborhood offers a perfect blend of elegance, privacy, and modern convenience. Avana boasts thoughtfully designed properties built by renowned builders like Lennar (who acquired CalAtlantic which was once Standard Pacific), featuring open floor plans, soaring ceilings, gourmet kitchens outfitted with premium appliances, and energy-efficient designs that promise both luxury and sustainability. Sections like Maravilla and Valencia stand out for their oversized lots, greenbelt views, and high-end finish-outs, while the gated Avana Estates elevates privacy with estate-sized homes on sprawling half-acre lots. The neighborhood is rich with amenities, including access to Circle C’s resort-style pool, miles of scenic hiking and biking trails, sports courts, and nearby attractions like the Lady Bird Johnson Wildflower Center and Grey Rock Golf Course. Avana’s location provides seamless connectivity via Highway 45 and MoPac, offering a 20–25 minute commute to Downtown Austin while maintaining a peaceful, family-friendly atmosphere. Topped off with access to top-rated schools, this neighborhood is perfectly positioned for discerning homebuyers seeking a serene lifestyle with easy access to urban conveniences. If you’re looking for a community where luxury meets comfort, Avana is your ideal destination.

For more info and to search homes for sale, visit our Avana Neighborhood Guide.

Avana Neighborhood Map

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Breakwater

top 20 Austin neighborhoods with great schools $1MM-$1.5MM breakwater
  • Zip Code: 78737
  • School District: Austin ISD
  • Elementary, Middle, High School: Baldwin Elementary (8/10), Gorzycki Middle (9/10), Bowie High (8/10)
  • Average Price: $1,268,344
  • Median Price: $1,216,060
  • Average Beds/Baths: 4/5
  • Average SqFt: 4,486
  • Average Lot Size: 1 acre

Breakwater is the epitome of sophisticated living in Southwest Austin, offering a harmonious blend of luxury, modern design, and serene surroundings. This exclusive, gated community features only 21 premium home sites, ensuring unparalleled privacy and exclusivity for discerning buyers. Homes here, crafted by the esteemed Toll Brothers, range from 3,681 to 5,631 square feet and display contemporary architecture with high-end finishes such as sleek stucco exteriors, black-framed windows, and modern farmhouse designs. Each property sits on sprawling acre-sized lots, allowing homeowners the opportunity to create their own outdoor oasis, whether it’s a sparkling pool, lush garden, or an expansive entertaining area. With access to top-rated schools in the Bowie High School district and convenience to both Austin’s vibrant downtown and the charming town of Dripping Springs, Breakwater delivers an ideal balance of tranquility and accessibility. Add in a low tax rate compared to other luxury neighborhoods, and it becomes clear why Breakwater is a highly coveted destination for those ready to invest in a $1MM–$1.5MM dream home.

For more info and to search homes for sale, visit our Breakwater Neighborhood Guide.

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Cat Mountain

top 20 Austin neighborhoods with great schools $1MM-$1.5MM cat mountain
  • Zip Code: 78731
  • School District: Austin ISD
  • Elementary, Middle, High School: Doss Elementary (8/10), Murchison Middle (6/10), Anderson High (7/10)
  • Average Price: $1,466,952
  • Median Price: $1,261,500
  • Average Beds/Baths: 4/4
  • Average SqFt: 2,982
  • Average Lot Size: 0.267 acres

Nestled in the picturesque hills of Northwest Austin, Cat Mountain offers luxury homebuyers the perfect balance of serene natural beauty and urban convenience. Known for its stunning panoramic views of the Texas Hill Country and glimpses of Lake Austin, this coveted neighborhood boasts homes priced between $1MM and $1.5MM, offering a blend of timeless charm and modern sophistication. Residences here are designed to maximize the area’s hilly terrain, featuring expansive windows, private balconies, and lush outdoor spaces, ideal for soaking in the breathtaking scenery. With spacious floorplans averaging 4 bedrooms and 3.5 bathrooms, and architectural styles ranging from mid-century modern to Mediterranean-inspired designs, Cat Mountain meets the high expectations of discerning buyers.

For more info and to search homes for sale, visit our Cat Mountain Neighborhood Guide.

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Falconhead West

top 20 Austin neighborhoods with great schools $1MM-$1.5MM falconhead west
  • Zip Code: 78738
  • School District: Lake Travis ISD
  • Elementary, Middle, High School: Bee Cave Elementary (9/10), Bee Cave Middle (9/10), Lake Travis High (8/10)
  • Average Price: $1,026,555
  • Median Price: $1,000,000
  • Average Beds/Baths: 4/4
  • Average SqFt: 3,426
  • Average Lot Size: 0.239 acres

Falconhead West is a luxurious hidden gem nestled in the heart of Bee Cave, TX, blending sophistication with the serene beauty of Texas Hill Country. Offering homes in the $1MM–$1.5MM range, this upscale neighborhood caters to discerning buyers seeking spacious, high-quality residences paired with all the conveniences of modern suburban living. Built between 2008 and 2013 by esteemed builders like Drees, Ryland, and Taylor Morrison, the properties in Falconhead West showcase exceptional craftsmanship, featuring expansive layouts with 3 to 6 bedrooms, lush private pools, and stunning vistas of rolling hills. Residents with school aged children will be drawn to the neighborhood’s top-rated Lake Travis ISD schools, making it a great choice for those prioritizing education. Adding to its allure is the area’s enviable location, just minutes from premium shopping at the Hill Country Galleria, championship golf at the nearby Falconhead Golf Club, and outdoor adventures such as hiking trails and proximity to Lake Travis. With lower-than-average property taxes and a reputation for both privacy and community charm, life in Falconhead West delivers an unmatched lifestyle of modern luxury, convenience, and natural beauty. It’s the perfect place to call home for those who value quality, comfort, and connection.

For more info and to search homes for sale, visit our Falconhead West Neighborhood Guide.

Falconhead West Neighborhood Map

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Flintrock at Hurst Creek

Austin neighborhoods with great schools 1mm-1.5mm flintrock at hurst creek
  • Zip Code: 78738
  • School District: Lake Travis ISD
  • Elementary, Middle, High School: Lakeway Elementary (8/10), Hudson Bend Middle (7/10), Lake Travis High (8/10)
  • Average Price: $1,432,758
  • Median Price: $1,500,000
  • Average Beds/Baths: 4/4
  • Average SqFt: 3,710
  • Average Lot Size: 0.331 acres

Flintrock at Hurst Creek offers an unparalleled blend of luxury, convenience, and scenic beauty, perfectly suited for discerning buyers seeking high-end homes in the $1MM to $1.5MM range. Nestled in the breathtaking Texas Hill Country, this prestigious, 24/7 guard-gated community is renowned for its Mediterranean-style estates featuring elegant tile roofs, spacious layouts, and upscale finishes like soaring ceilings and chef-inspired kitchens. For golf enthusiasts, Flintrock at Hurst Creek is a dream come true, boasting direct golf cart access to the Hills Country Club, which features two courses designed by Jack Nicklaus. Home buyers with school aged children will appreciate top-rated schools in the Lake Travis ISD, as well as the tranquil yet convenient location just two miles from The Hill Country Galleria and 20 miles from Downtown Austin. With nearby access to hiking and biking trails, Lake Travis for water sports, and world-class tennis facilities, outdoor recreation is always within reach. Secure and serene while offering a vibrant sense of community, Flintrock at Hurst Creek is more than just a neighborhood; it’s a lifestyle designed for those who value elegance, comfort, and convenience. Explore your perfect luxury retreat in Flintrock at Hurst Creek and elevate your living experience to new heights.

For more info and to search homes for sale, visit our Flintrock at Hurst Creek Neighborhood Guide.

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Great Hills

top 20 Austin neighborhoods with great schools $1MM-$1.5MM flintrock at hurst creek
  • Zip Code: 78759
  • School District: Round Rock ISD
  • Elementary, Middle, High School: Kathy Caraway Elementary (7/10) or Laurel Mountain Elementary (10/10), Canyon Vista Middle (9/10), Westwood High (9/10)
  • Average Price: $1,184,667
  • Median Price: $1,175,000
  • Average Beds/Baths: 4/3
  • Average SqFt: 2,891
  • Average Lot Size: 0.376 acres

Great Hills is one of Northwest Austin’s most desirable neighborhoods, offering a harmonious blend of natural beauty, modern convenience, and suburban charm. Nestled in the rolling Texas Hill Country, this community is characterized by tree-lined streets, well-maintained homes, and peaceful greenbelts that provide stunning views and serene privacy. Homes in Great Hills, typically ranging from $1 million to $1.5 million, boast unique architectural styles—from Texas ranch-inspired designs to contemporary builds, many featuring high ceilings, expansive windows, and spacious outdoor areas perfect for entertaining. The neighborhood’s prime location ensures close proximity to major employers like Dell and IBM, highly-rated schools such as Westwood High, and some of Austin’s best shopping and dining destinations, including The Domain and The Arboretum. For those seeking recreation, Great Hills Park offers scenic trails and picnic areas, while the Great Hills Country Club provides access to an 18-hole golf course, tennis courts, and luxurious amenities. With its vibrant yet tranquil community vibe and easy access to major highways like Loop 360 and Highway 183, Great Hills is a haven for luxury homebuyers in search of both comfort and convenience. Whether you’re savoring the quiet beauty of your wooded backyard or enjoying a night out at nearby restaurants, Great Hills promises a lifestyle that’s as sophisticated as it is welcoming.

For more info and to search homes for sale, visit our Great Hills Neighborhood Guide.

Great Hills Neighborhood Map

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Hills of Lost Creek

Austin neighborhoods great schools $1MM - $1.5MM hills of lost creek
  • Zip Code: 78746
  • School District: Eanes ISD
  • Elementary, Middle, High School: Forest Trails Elementary (9/10), West Ridge Middle (10/10), Westlake High (9/10)
  • Average Price: $1,652,333
  • Median Price: $1,237,500
  • Average Beds/Baths: 4/4
  • Average SqFt: 3,017
  • Average Lot Size: 0.444 acres

Nestled within the rolling hills of West Austin, the Hills of Lost Creek offers luxury home buyers a unique blend of natural beauty, timeless architectural charm, and a strong sense of community. With homes priced between $1M–$1.5M, this exclusive neighborhood boasts spacious lots surrounded by lush greenery and custom-built residences that reflect both elegance and character. Many properties have been thoughtfully updated with premium features such as granite countertops, stainless steel appliances, and modernized layouts, seamlessly pairing classic design with contemporary functionality. Living here means waking up to breathtaking hilltop views, enjoying peaceful streets ideal for morning walks, or hosting gatherings in expansive backyards. Families are drawn to the area for its proximity to the top-rated Eanes ISD schools, including Westlake High School, while professionals appreciate the easy 15- to 20-minute commute to downtown Austin. With access to the prestigious Lost Creek Country Club, nearby parks, and vibrant dining and shopping options, the Hills of Lost Creek is a sanctuary for those seeking refined living coupled with convenience. If you’re searching for a luxurious home that feels worlds away yet is just minutes from Austin’s excitement, the Hills of Lost Creek awaits.

For more info and to search homes for sale, visit our Hills of Lost Creek Neighborhood Guide.

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Hyde Park

Austin neighborhoods great schools $1MM - $1.5MM hyde park
  • Zip Code: 78751
  • School District: Austin ISD
  • Elementary, Middle, High School: Lee Elementary (7/10) or Ridgetop Elementary (8/10), Kealing Middle (6/10), McCallum High (8/10) or Austin High (8/10)
  • Average Price: $1,051,740
  • Median Price: $1,000,000
  • Average Beds/Baths: 3/2
  • Average SqFt: 1,741
  • Average Lot Size: 0.154 acres

Hyde Park is one of Austin’s most sought-after neighborhoods, offering a perfect mix of historic charm, community warmth, and convenient proximity to downtown. Known for its beautifully preserved Victorian-style houses, Craftsman bungalows, and contemporary renovations, this neighborhood showcases a unique character with each property. Strolling through its tree-lined streets, you’ll find lush gardens, intricately detailed porches, and an undeniable sense of pride in homeownership. Hyde Park isn’t just picturesque; it’s a vibrant hub for cultural enrichment and recreation. From charming local staples like Quack’s 43rd Street Bakery and ASTI Trattoria to iconic landmarks like the Elisabet Ney Museum and Shipe Park, the area is full of attractions that cater to every taste. Fitness enthusiasts appreciate the convenient access to Shipe Park’s tennis courts and the community-focused Hyde Park Gym, while food lovers find no shortage of distinctive dining experiences. For families, some of the area’s best-rated schools, like Lee Elementary and McCallum High School, make it a top choice. Hyde Park’s central location also ensures easy commutes to Austin’s downtown and UT, all without losing the peaceful residential atmosphere. With homes priced from $1 million to $1.5 million, the neighborhood offers discerning luxury homebuyers the opportunity to own a piece of Austin’s history while enjoying modern comforts and a vibrant, welcoming community.

For more info and to search homes for sale, visit our Hyde Park Neighborhood Guide.

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Jester

jester Austin tx 78750
  • Zip Code: 78750
  • School District: Austin ISD
  • Elementary, Middle, High School: Hill Elementary (8/10), Murchison Middle (6/10), Anderson High (7/10)
  • Average Price: $1,089,618
  • Median Price: $1,100,000
  • Average Beds/Baths: 4/3
  • Average SqFt: 2,807
  • Average Lot Size: 0.427 acres

Nestled amid the rolling hills of Northwest Austin’s stunning Hill Country, Jester Estates offers a perfect fusion of luxury, natural beauty, and suburban convenience. This prestigious neighborhood is highly sought after for its breathtaking vistas, mature tree-lined streets, and homes designed with elegance and exclusivity in mind. Built along the Balcones Canyonlands Preserve, many residences boast direct access to nature, with expansive greenbelt views and peaceful surroundings. The homes, ranging from charming ranch-style abodes to sprawling multi-level estates, feature high-end finishes, spacious layouts, and private lots, creating an unparalleled sense of tranquility and privacy. Jester Estates isn’t just beautiful to look at; it’s also remarkably functional, offering proximity to everything Austin has to offer. With Downtown Austin just 10 miles away and top-notch shopping and dining options at The Arboretum or The Domain close by, residents enjoy the best of both worlds. For those who value an active lifestyle, the neighborhood’s hilly streets are perfect for walking or biking, while access to the nearby West Bull Creek Preserve offers endless opportunities for hiking, birdwatching, and unwinding outdoors. Residents will appreciate the community’s tight-knit atmosphere, with events like holiday parades and food drives fostering meaningful connections. Plus, exceptional schools and amenities, including the Jester Club with its pool and sports courts, make this neighborhood a haven for households of all sizes. If luxurious living surrounded by natural beauty sounds like your dream, Jester Estates just might be the perfect place for you.

For more info and to search homes for sale, visit our Jester Neighborhood Guide.

Jester Neighborhood Map

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Lake Ridge Estates

Austin neighborhoods with great schools $1MM-$1.5MM lake ridge estates
  • Zip Code: 78733
  • School District: Eanes ISD
  • Elementary, Middle, High School: Valley View Elementary (7/10), West Ridge (10/10), Westlake High (9/10)
  • Average Price: $1,260,000
  • Median Price: $1,207,500
  • Average Beds/Baths: 3/3
  • Average SqFt: 2,343
  • Average Lot Size: 0.538 acres

Lake Ridge Estates offers an inviting blend of tranquility, charm, and the utmost convenience, making it one of West Austin’s most sought-after neighborhoods for luxury home buyers. With homes priced between $1MM-$1.5MM, buyers can enjoy spacious lots ranging from 0.4 to 1.5 acres, often adorned with mature trees that provide a park-like setting. The architecture speaks to a balance of timeless and modern, with a mix of thoughtfully preserved older homes and newly built, elegant contemporaries. Living in Lake Ridge Estates also means access to the highly regarded Eanes ISD, attracting families seeking top-tier education opportunities. Nestled off Cuernavaca, the neighborhood offers a serene retreat, yet remains only a 15-20 minute drive from Downtown Austin, ensuring convenience for professionals and city enthusiasts alike. With low property taxes, nearby parks like Commons Ford Ranch Park, and access to boutique shops and gourmet dining just minutes away, Lake Ridge Estates combines practicality with luxury. For those seeking a private, upscale lifestyle with all the comforts of modern Austin living, Lake Ridge Estates delivers an unparalleled experience.

For more info and to search homes for sale, visit our Lake Ridge Estates Neighborhood Guide.

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Lakewind Estates

Austin neighborhoods great schools $1MM - $1.5MM lakewind estates
  • Zip Code: 78734
  • School District: Lake Travis ISD
  • Elementary, Middle, High School: Lake Travis Elementary (6/10), Hudson Bend Middle (7/10), Lake Travis High (8/10)
  • Average Price: $1,507,000
  • Median Price: $1,507,000
  • Average Beds/Baths: 5/5
  • Average SqFt: 4,627
  • Average Lot Size: 1.561 acres

Lakewind Estates is a small, gated community of both waterfront homes and neighborhood homes built mostly in the early 2000’s. Some of the homes sit atop a bluff and there you’ll get some pretty spectacular, panoramic views of the Lake or the Hill Country. Most homes sit on large, 1-7 acre lots, so if you’re looking for a Lake Travis neighborhood and want more than a postage stamp size lot, Lakewind Estates might be the place for you.

For more info and to search homes for sale, visit our Lakewind Estates Neighborhood Guide.

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Overlook Estates

Austin neighborhoods great schools $1MM-$1.5MM overlook estates
  • Zip Code: 78736
  • School District: Austin ISD
  • Elementary, Middle, High School: Baldwin Elementary (8/10), Gorzycki Middle (9/10), Bowie High (8/10)
  • Average Price: $1,231,800
  • Median Price: $1,125,000
  • Average Beds/Baths: 4/3
  • Average SqFt: 3,069
  • Average Lot Size: 0.813

Nestled in the scenic Texas Hill Country, Overlook Estates offers luxury living for discerning buyers seeking homes priced between $1MM and $1.5MM. This tranquil, gated community provides a rare combination of modern architecture, privacy, and natural beauty, enhanced by spacious lots ranging from half an acre to over an acre. Each custom-built home showcases contemporary designs, featuring sleek lines, high-end finishes, and large windows that maximize the area’s stunning Hill Country views. Residents enjoy the serenity of peaceful, country-road-style living while remaining just 20 minutes from the vibrant lifestyle of Downtown Austin. Overlook Estates also boasts easy access to premium amenities, including the Hill Country Galleria, top-rated schools like Baldwin Elementary and Bowie High School, and nearby nature trails and parks perfect for outdoor enthusiasts. With its blend of refined aesthetics, privacy, and a highly convenient location, Overlook Estates stands out as a top choice for luxury buyers who appreciate modern living and a connection to nature. This community isn’t just a neighborhood; it’s a lifestyle designed for those who demand the very best.

For more info and to search homes for sale, visit our Overlook Estates Neighborhood Guide.

Overlook Estates Neighborhood Map

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Reunion Ranch

  • Zip Code: 78737
  • School District: Dripping Springs ISD
  • Elementary, Middle, High School: Cypress Springs Elementary (9/10), Sycamore Springs Middle (10/10), Dripping Springs High (8/10)
  • Average Price: $1,552,850
  • Median Price: $1,104,000
  • Average Beds/Baths: 4/4
  • Average SqFt: 3,662
  • Average Lot Size: 0.404

Nestled in the rolling Texas Hill Country near Dripping Springs, Reunion Ranch perfectly blends modern luxury with natural charm, making it an ideal choice for discerning homebuyers seeking properties in the $1MM-$1.5MM range. Known for its elegant homes built by Taylor Morrison and custom builders, this master-planned community offers spacious residences featuring upscale finishes like large kitchens, high ceilings, and oversized lots that back onto lush greenbelts. The neighborhood is rich in amenities, including a gated swimming pool, state-of-the-art playgrounds, and miles of scenic hike and bike trails. Families are drawn to Reunion Ranch for its access to the highly-rated Dripping Springs ISD schools, while professionals appreciate the tranquil suburban atmosphere paired with proximity to downtown Austin, just 20 miles away. Whether you’re sipping coffee on your covered patio with Hill Country views or enjoying community events with friendly neighbors, life in Reunion Ranch offers an unmatched combination of convenience, connection, and natural beauty.

For more info and to search homes for sale, visit our Reunion Ranch Neighborhood Guide.

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Ridge at Alta Vista

  • Zip Code: 78738
  • School District: Lake Travis ISD
  • Elementary, Middle, High School: Lakeway Elementary (8/10), Hudson Bend Middle (7/10), Lake Travis High (8/10)
  • Average Price: $1,394,888
  • Median Price: $1,297,500
  • Average Beds/Baths: 4/4
  • Average SqFt: 4,399
  • Average Lot Size: 0.369

Ridge at Alta Vista is a gated community located off 620 just north of Bee Cave Pky and is hugely popular among home buyers who want Lake Travis schools, but don’t want to feel secluded. With the Hill Country Galleria, residents aren’t too far from restaurants, shopping and dining. Plus, they also live in a pretty nice house in a private, gated community with sidewalks. If you like Lake Travis, but want to be as close to Downtown as possible, Ridge at Alta Vista is a great place to start your search.

For more info and to search homes for sale, visit our Ridge at Alta Vista Neighborhood Guide.

Ridge at Alta Vista Neighborhood Map

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River Place

top 20 Austin neighborhoods with great schools $1MM-$1.5MM river place
  • Zip Code: 78730
  • School District: Leander ISD
  • Elementary, Middle, High School: River Place Elementary (7/10), Four Points Middle (7/10), Vandegrift High (8/10)
  • Average Price: $1,398,202
  • Median Price: $1,336,453
  • Average Beds/Baths: 4/4
  • Average SqFt: 3,619
  • Average Lot Size: 0.379 acres

Nestled amidst the scenic Texas Hill Country, River Place effortlessly combines luxury living with natural beauty, making it a highly coveted neighborhood for discerning homebuyers. Known for its stunning lake views and rolling greenbelts, this serene community is centered around the prestigious River Place Country Club, offering world-class amenities such as an 18-hole golf course designed by PGA champion Tom Kite, tennis courts, and fine dining options. Homes in River Place range between $1 million and $1.5 million, boasting exquisite architecture, spacious interiors, and generous outdoor spaces, making them perfect for residents with school aged kids and executives alike. Residents enjoy top-rated schools within the Leander ISD, miles of picturesque hiking trails like Panther Hollow Trail, and an active, tight-knit community that fosters connection through local social clubs and events. While its tranquil setting feels like a retreat, River Place maintains convenient access to downtown Austin, major tech hubs, upscale shopping, and gourmet dining, striking a seamless balance between peaceful suburban living and urban sophistication. This neighborhood is not just a destination but truly a lifestyle, offering the perfect haven for those seeking elegance, comfort, and exclusivity.

For more info and to search homes for sale, visit our River Place Neighborhood Guide.

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Rocky Creek

top 20 Austin neighborhoods with great schools $1MM-$1.5MM rocky creek
  • Zip Code: 78738
  • School District: Lake Travis ISD
  • Elementary, Middle, High School: Bee Cave Elementary (9/10), Bee Cave Middle (9/10), Lake Travis High (8/10)
  • Average Price: $1,331,985
  • Median Price: $1,389,000
  • Average Beds/Baths: 5/5
  • Average SqFt: 4,190
  • Average Lot Size: 0.305 acres

Rocky Creek is one of the new neighborhoods located off booming Hamilton Pool Road, which is currently being expanded. Built primarily by Drees and Highland Homes since 2011, Rocky Creek is one of the top choices for a homeowner looking for new construction in a Hill Country setting. Lots are some of the biggest for a new community without getting into the acreage size and homes are finished in a more luxury style than your typical production neighborhood.

For more info and to search homes for sale, visit our Rocky Creek Neighborhood Guide.

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Rough Hollow

top 20 Austin neighborhoods with great schools $1MM-$1.5MM rough hollow
  • Zip Code: 78734 & 78738
  • School District: Lake Travis ISD
  • Elementary, Middle, High School: Rough Hollow Elementary (9/10), Lake Travis Middle (9/10), Lake Travis High (8/10)
  • Average Price: $1,037,887
  • Median Price: $1,000,000
  • Average Beds/Baths: 4/4
  • Average SqFt: 3,173
  • Average Lot Size: 0.258 acres

Rough Hollow is one of Lake Travis’ largest master planned communities and has some of the best community amenities in the area. With a yacht club, activities director, resort style swimming pool, Lake Travis access and restaurant, Rough Hollow residents will never find themselves with nothing to do. Rough Hollow has a range of homes with everything from a nice first home to a luxury estate. If you’re looking for a lake lifestyle with great schools, Rough Hollow might be the place to start your search.

For more info and to search homes for sale, visit our Rough Hollow Neighborhood Guide.

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Spicewood at Bullcreek

top 20 Austin neighborhoods with great schools 1MM-1.5MM spicewood at bullcreek
  • Zip Code: 78750
  • School District: Round Rock ISD
  • Elementary, Middle, High School: Spicewood Elementary (9/10), Canyon Vista Middle (9/10), Westwood High (9/10)
  • Average Price: $1,345,669
  • Median Price: $1,350,000
  • Average Beds/Baths: 5/4
  • Average SqFt: 3,821
  • Average Lot Size: 0.408 acres

Spicewood at Bullcreek is one of the more desirable neighborhoods in Northwest Austin because of it feeds to Westwood High School, one of the most highly rated high schools in the city. Homes sit on large, manicured lots and have desirable floorplans. Some have been updated and others are in their more original 1990s condition.

For more info and to search homes for sale, visit our Spicewood at Bullcreek Neighborhood Guide.

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Westover Hills

Austin neighborhoods great schools $1MM-$1.5MM Westover Hills
  • Zip Code: 78759
  • School District: Austin ISD
  • Elementary, Middle, High School: Hill Elementary (8/10), Murchison Middle (6/10), Anderson High (7/10)
  • Average Price: $1,165,969
  • Median Price: $1,187,500
  • Average Beds/Baths: 4/3
  • Average SqFt: 2,454
  • Average Lot Size: 0.398 acres

Nestled in the rolling hills of Northwest Austin, Westover Hills is a gem for luxury homebuyers seeking the perfect combination of elegance, charm, and convenience. This picturesque neighborhood offers stunning homes priced between $1MM and $1.5MM that blend timeless character with modern updates, making it a prime choice for discerning buyers. With spacious lots ranging from 0.2 to 0.55 acres and meticulously maintained properties featuring mid-century architecture and high-end craftsmanship, Westover Hills embodies understated sophistication. Residents enjoy tree-lined streets, a strong sense of community, and access to highly rated schools, including Hill Elementary and Anderson High. The area is just minutes away from premier shopping destinations like The Arboretum and The Domain, as well as excellent dining and outdoor recreation spots. With its peaceful ambiance and prime location near MoPac and 183, Westover Hills is ideal for luxury buyers who prioritize tranquility without sacrificing proximity to Austin’s hotspots. Whether you’re hosting a gathering on your sprawling patio or simply savoring morning coffee under mature oak trees, living in Westover Hills elevates everyday life to an extraordinary experience.

For more info and to search homes for sale, visit our Westover Hills Neighborhood Guide.

Westover Hills Neighborhood Map

Westover Hills Homes for Sale

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Zilker

top 20 Austin neighborhoods with great schools $1MM-$1.5MM zilker
  • Zip Code: 78704
  • School District: Austin ISD
  • Elementary, Middle, High School: Zilker Elementary (10/10), O’Henry Middle (6/10), Austin High (8/10)
  • Average Price: $1,721,982
  • Median Price: $1,520,000
  • Average Beds/Baths: 3/3
  • Average SqFt: 2,060
  • Average Lot Size: 0.171 acres

Zilker is one of the most sought-after neighborhoods in South Austin, offering an exceptional blend of vibrant city living and serene green spaces. Nestled among rolling hills and tree-lined streets, this community attracts luxury homebuyers with its proximity to Downtown Austin, eclectic dining scene, and highly walkable lifestyle. Imagine being just steps away from iconic spots like Zilker Park, the Ann and Roy Butler Hike-and-Bike Trail, and Barton Springs Pool, all perfect for outdoor enthusiasts and families alike. Homes priced between $1MM–$1.5MM typically showcase a mix of sleek modern designs, updated mid-century gems, and charming bungalows with large lots, giving buyers options that fit both contemporary and timeless tastes. Zilker is more than a neighborhood; it’s a lifestyle filled with bustling coffee shops, celebrated restaurants like Loro and Odd Duck, and plenty of cultural hotspots. With its prime location just minutes from downtown and endless amenities, Zilker offers a thriving, close-knit community that’s perfect for luxury buyers seeking the best of Austin.

For more info and to search homes for sale, visit our Zilker Neighborhood Guide.

Zilker Neighborhood Map

Zilker Homes for Sale

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Source of Average and Median Sold Price Data

The average and median sold price of each neighborhood was gathered from ACTRIS with data from 09/16/2021-09/15/2022. School ratings are GreatSchools ratings as of January 2025. Thanks for reading our post detailing Austin neighborhoods with great schools $1MM-$1.5MM.

Not Sure Which Austin Neighborhood is Right for You?

Try our Austin Neighborhood Finder! With just a little bit more info about what you’re looking for in a neighborhood, we’ll be able to help you narrow down the best neighborhood for you and your family. Whether it’s one of the Austin neighborhoods with great schools $1MM-$1.5MM or another area or price range altogether, we can help.

Considering Buying a Home in a Highly Rated School District?

We are very familiar with the school ratings in the Austin area and can help you find the right house in the right neighborhood for you and your family – at no cost to you! If you’re looking for a Realtor who will take a consultative approach, rather than a sleezy sales person approach, we are the team for you. We specialize in buyer representation and have helped thousands of buyers in our combined 58+ years in real estate. Check out our Austin Home Buyers page to learn more about our team and how we work. Then, call us at (512) 827-8323, email us at info@11OaksRealty.com or fill out our Buyer Survey to schedule a no obligation consultation.

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Filed Under: Homes Tagged With: Best Neighborhoods, Researching Your Move, Top 10 Lists, Top Rated Schools

About Rebecca Jacks

Rebecca has founded her success in real estate on a commitment to personalized service. Clients appreciate her dedication to not only the success of their transaction, but their very peace of mind. She is particularly adept at creating bridges to make home buying and relocation as seamless as possible.

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