The Hills of Lakeway homes for sale give you a rare entry point into one of the Austin area’s only 24/7 guard-gated communities with a fully staffed entrance, a Jack Nicklaus-designed golf course winding through the neighborhood, and decades of established landscaping that newer developments simply cannot replicate. Located in Lakeway off Lohmans Crossing Road, The Hills carries its own zip code (78738) and its own incorporated city status as The Village of The Hills. Over the past 12 months, 53 homes closed in The Hills at prices ranging from $475,000 to $1,790,000, with a median sale price of $971,500. Browse active listings above, then scroll down for everything you need to know before scheduling a tour.
About The Hills, TX 78738
The Hills became its own incorporated city in May 1997, which is why residents carry the address "The Hills, TX 78738" rather than a standard Lakeway address. Construction began in 1982 and wrapped up in the early 2010s, so the neighborhood is completely built out. There is no ongoing construction traffic, no vacant lots waiting for spec homes, and no uncertainty about what the street character will look like in five years. What you see is what you get -- a mature, established community that has been developing its personality for over four decades.
The 24/7 staffed entrance gate is what most buyers notice first. Unlike gated communities that rely on a code box or camera intercom, The Hills has a guard on duty around the clock with a dedicated resident lane for daily access. Combined with the low through-traffic that comes from having no public cut-through routes, the streets stay noticeably quiet. You can walk or run the roads even without sidewalks.
The golf course runs through the community, keeping density low and green space high throughout the neighborhood. Even homes that do not sit directly on the course benefit from the open views and mature tree canopy the course creates. For a closer look at what day-to-day life looks like, read our full Hills of Lakeway Neighborhood Guide.
The Hills Homes for Sale -- What Buyers Can Expect
The Hills is not a neighborhood of identical floor plans. Homes were designed and built across multiple decades, so you will find limestone Hill Country exteriors next to stucco Mediterranean designs, single-story garden homes next to two-story custom estates. Each property has its own character, and lot sizes and settings vary significantly -- some homes back to the golf course, others sit on larger lots surrounded by mature trees, and some offer Hill Country views.
Market snapshot (12 months, as of May 2026): 53 homes sold at a median price of $971,500, with a median of 32 days on market and an average list-to-sale ratio of 97%. The median price per square foot was $289. There are currently 21 active listings with a median list price of $1,225,000.
Golf course frontage adds a documented premium. Homes backing to The Hills Course or Flintrock Falls sold at a median of $1,178,500 over the past year — $234,500 more than the $944,000 median for non-golf properties. If a golf view matters to you, budget accordingly: those lots also command $304 per square foot versus $288 for non-golf homes.
The Hills carries a consistent premium over the broader Lakeway market. During the same period, the median sale price across the rest of Lakeway was $751,023 — roughly $220,000 less than the Hills median. Hills homes also sold faster on average (50 days versus 72 days for Lakeway overall), reflecting the strength of demand for guard-gated, amenity-rich communities in the Lake Travis corridor.
Here is what the market looks like based on current and recent data:
- Current listing prices: mid-$600s to over $1.3 million
- Home sizes: 1,387 to 7,885 sq ft, with a median around 3,229 sq ft
- Bedrooms and bathrooms: 2 to 6 bedrooms; 2 to 8 bathrooms
- Lot sizes: 0.1 to 1.8 acres, with most lots between 0.2 and 0.5 acres
- Garages: Most homes have 2 to 3-car garages; some have up to 5 spaces
- Year built: Primarily 1988-2006, with a handful of earlier and later exceptions
The spread in prices reflects real differences in what you get. Smaller garden homes with low-maintenance exteriors are available in the $600s. Expanded custom estates with golf course views, pools, and premium finishes reach well into the seven figures. Most buyers shopping The Hills are weighing those trade-offs -- lot size, square footage, update level, and setting -- rather than simply looking for the lowest price point.
The Hills Country Club and Community Amenities
Every homeowner in The Hills is required to maintain a social membership to The Hills Country Club at $159.13 per month ($147 + tax). That membership covers access to the pool, dining at the club restaurant, and a year-round calendar of social events and programming. Golf memberships are available separately for full course access on the Jack Nicklaus-designed course.
Beyond the club, community amenities include:
- 24/7 manned guard gate
- Playground
- Streets with minimal through traffic and no public cut-through routes
The combination of the staffed gate and the club infrastructure creates a lifestyle that is distinct from standard suburban neighborhoods. The club functions as the social center of the community for many residents.
Community Fees and Property Taxes
Before shopping The Hills homes for sale, it helps to understand all the carrying costs. There are two separate community charges in addition to your mortgage and property taxes:
- HOA fee: $775 every six months ($129.17 per month)
- Mandatory country club social membership: $147 per month
- Combined community fees: approximately $288 per month ($129.17 HOA + $159.13 club dues)
HOA Closing Costs
In addition to ongoing dues, buyers in The Hills of Lakeway should budget for these one-time HOA-related closing costs:
| Fee | Amount | Paid To |
|---|---|---|
| Texas Resale Package (disclosure docs) | $363.00 | CCMC |
| Account Set-Up Fee | $100.00 | CCMC |
| HomeWiseDocs Delivery Fee | $12.00 | HomeWiseDocs |
| Total HOA Closing Costs | ~$475 |
These are separate from your title, lender, and standard closing fees. We'll walk you through the full cost picture before you make an offer — just reach out.
HOA Financial Health
The Hills of Lakeway POA maintains a reserve fund of approximately $2.95 million, managed by CCMC. There is no right of first refusal, meaning the association cannot block your purchase, and there are no current special assessments as of August 2026. Both are positive signals for buyers and for future resale value.
The 2025 property tax rate for The Hills is 1.9435%, down from a high of 2.2015% in 2021. On a $900,000 home, that works out to approximately $17,491 per year in property taxes. On a $700,000 home, roughly $13,605. These numbers are estimates -- always verify with your lender and a current tax assessment.
Location and Getting Around
The Hills sits along Lohmans Crossing Road in the heart of the Lake Travis corridor. Key distances from the neighborhood:
- Downtown Austin: approximately 22 miles via TX-71 W, roughly 30 minutes in normal traffic
- Lake Travis: 5 to 10 minutes to the nearest lake access, marinas, and parks
- Hill Country Galleria in Bee Cave: 5 minutes, with Whole Foods, major retail, and dozens of dining options
- Baylor Scott and White Medical Center (Lakeway): within 10 minutes
- Austin-Bergstrom International Airport: approximately 27 miles
The commercial corridor along Bee Cave Road and RR 620 has grown substantially over the past decade. Grocery stores, medical services, banks, and everyday conveniences are all within a few minutes of the gate -- you do not need to drive into Austin for most day-to-day needs.
Schools Serving The Hills
Residents of The Hills are zoned to Lake Travis Independent School District. Based on current ratings, students will likely attend:
- Lakeway Elementary - 8/10
- Hudson Bend Middle - 8/10
- Lake Travis High - 8/10
School ratings reflect Great Schools ratings as of October 2026. Ratings are subject to change at any time. Please verify ratings and boundaries with the school district.
School ratings are subject to change. Always verify current attendance boundaries directly with Lake Travis ISD before making a purchasing decision based on school assignments.
A Recent Sale Worth Noting
22 Hedgebrook Way closed in August 2026 — a rare 0.45-acre double lot with 44 mature trees, 5 bedrooms, 3.5 bathrooms, and 3,346 sq ft. It’s a useful benchmark for what well-positioned Hills properties can achieve. If you’re looking for something similar, reach out and we’ll put together a custom search based on what matters to you.
The Hills Homes for Sale FAQs
The Hills homes for sale currently range from the mid-$600s to over $1.3 million. Home sizes range from 1,387 to 7,885 sq ft, with most homes built between 1988 and 2006.
Yes. The Hills is a 24/7 guard-gated community in Lakeway, TX 78738 with a staffed entrance around the clock and a dedicated resident access lane — not just a code box or camera system.
The Hills HOA fee is $775 every six months ($129.17 per month). All homeowners are also required to maintain a social membership to The Hills Country Club at $159.13 per month ($147 + tax), bringing total community fees to approximately $288 per month ($129.17 HOA + $159.13 club dues).
The Hills is zoned to Lake Travis Independent School District. Students typically attend Lakeway Elementary (rated 8/10), Hudson Bend Middle (rated 8/10), and Lake Travis High School (rated 8/10). School ratings reflect GreatSchools ratings as of and are subject to change — always verify current boundaries and ratings with the school district.
The Hills is approximately 22 miles from downtown Austin via TX-71 W, roughly a 30-minute drive in normal traffic.
Ready to Tour The Hills Homes for Sale?
Rebecca Jacks and Raymond Stoklosa specialize in The Hills and the surrounding Lakeway market. Whether you are comparing The Hills to other Lakeway communities or ready to schedule a showing, they can walk you through what is available, what is realistic at different price points, and what each part of the neighborhood feels like in person. Eleven Oaks Realty has been helping buyers and sellers since 1978. Call/text us at (512) 827-8323 or email us at info@11OaksRealty.com to schedule a no obligation consultation.
For more background on the community before you tour, read our Hills of Lakeway Neighborhood Guide. Use the form below to schedule a showing with no sales pressure.
Hills of Lakeway is one of several prestigious communities in the area. For a complete overview of all Lakeway luxury neighborhoods, visit our Lakeway luxury neighborhood guide.
Contact a Lakeway Realtor Specializing in The Hills
Ready to sell your Hills of Lakeway home? Visit our Hills of Lakeway seller page for 12-month market data, golf frontage pricing, and a free home evaluation — no obligation.
