The Lakeway community sits in the Texas Hill Country on the south shore of Lake Travis, approximately 25 miles northwest of Downtown Austin. Unlike many Austin suburbs, Lakeway is its own incorporated city — with a city council, police department, and city services — making it one of the more established and self-contained communities in the greater Austin metro area.
Lakeway spans zip codes 78734 and a portion of 78738, and includes more than 20 distinct neighborhoods ranging from entry-level condos to multi-million dollar waterfront estates. The community is bordered by Lake Travis to the north, Ranch to Market Road 620 to the east, Highway 71 to the south, and Bee Creek Road to the west.
Use this guide to explore Lakeway neighborhoods, schools, recreation, local dining, and real estate market data — all in one place. Scroll Down to Read our Lakeway Neighborhood Guide.
Lakeway Homes for Sale
SEARCH ALL LAKEWAY HOMES FOR SALENo Email Required! Lakeway Neighborhood Map
Lakeway is bordered by Lake Travis to the North, Ranch to Market 620 to the East, Highway 71 to the South and Bee Creek Road to the West. Scroll down to continue reading our Lakeway neighborhood guide.
Location & Getting Around Lakeway
Lakeway is located along Ranch to Market Road 620 and State Highway 71, two of the primary corridors connecting the western Hill Country communities to central Austin. Most residents heading downtown use one of two routes: RM 620 north to Loop 360 and into Austin, or Highway 71 east toward South Austin and the downtown core.
Travel time to Downtown Austin typically runs 30 to 45 minutes, depending on the time of day and your chosen route. The RM 620 corridor tends to carry heavier traffic during morning and evening rush hours. Highway 71 is generally the faster option during peak commute times.
Austin-Bergstrom International Airport is approximately 40 to 50 minutes from Lakeway, accessible via Highway 71 heading east. For those who fly privately, Lakeway also has its own general aviation airport — Lakeway Airpark (FAA identifier: 3R9) — located within the community itself.
Lakeway Homes
Lakeway has a wide array of neighborhoods that range from a one bedroom condos to multi-million dollar homes on Lake Austin. There is a lot of new construction throughout the Lakeway community with older homes and neighborhoods intermixed. Most neighborhoods branch off of Lakeway Boulevard, the main thoroughfare. Some of the neighborhoods that make up Lakeway are:
Lakeway Neighborhoods at a Glance
Lakeway is divided into several neighborhoods, which we’ve detailed in our Lakeway Neighborhood Guides. Below you’ll find a list of neighborhoods as well as a profile of the typical home. Use the links to explore these Lakeway neighborhoods. The profile listed next to the picture is the average home in each neighborhood as of September 2026.
Bella Montagna
4-6 beds, 3-8 baths, 3,000-8,000 sqft, $1.8MMs – $2.4MMs
Boulevard at Lakeway
3-4 beds, 2-4 baths, 1,800-2,900 sqft, Mid $500,000s – Low $600,000s
Cardinal Hills
2-6 beds, 2-5 baths, 1,000-4,600 sqft, High $400,000s – $1.3MMs
Creekside at Flintrock
4-5 beds, 4-5 baths, 3,500-5,000 sqft, $1.3MM – $2MM
Deerfield
3 beds, 2-3 baths, 1,500-3,000 sqft, Mid $400,000s – Mid $600,000s
Edgewater
3-4 beds, 3-6 baths, 2,200-4,800 sqft, Mid $700,000s – $1.7MMs
Estates Above Hurst Harbor
Luxury Homes From the $2MMs
Estates of Flintrock
3-5 beds, 2.5-6 baths, 2,862-5,233 sqft, Low $900,000s – $1.8MMs
Flintrock at Hurst Creek
3-6 beds, 2-6 baths, 2,000-5,800 sqft, Low $700,000s – $2.3MMs
Hills of Lakeway
3-6 beds, 2-6 baths, 2,000-7,000 sqft, High $400,000s – $2.7MMs
Honey Creek
3 beds, 2.5-3 baths, 1,777-1,912 sqft, High $600,000s – Mid $700,000s
Lakeside at North Lakeway
3-5 beds, 3-4 baths, 2,700-4,350 sqft, Low $800,000s – $1.1MM
Lohmans Crossing Estates
2-6 beds, 2-5 baths, 1,400-5,600 sqft, Low $500,000s – $1.1MMs
North Lakeway Village
3-6 beds, 2-5 baths, 2,100-4,300 sqft, High $500,000s – $1MMs
Original City
3 beds, 3 baths, 1,800 sqft, High $700,000s
Overlook at North Lakeway
4-5 beds, 2-5 baths, 2,100-4,000 sqft, Mid $600,000s – $1.1MM
Palomba at Flintrock
3-5 beds, 2.5-4 baths, 2,605-4,144 sqft, High $700,000s – $1.25MMs
Preserve at Lakeway
3-5 beds, 2-5 baths, 1,959-4,200 sqft, Low $400,000s – $1MMs
Rough Hollow
2-7 beds, 2-8 baths, 1,778-9,000 sqft, Mid $500,000s – $2.9MMs
Round Mountain
3-6 beds, 3-8 baths, 3,500-8,000 sqft, Low $700,000s – $2.7MM
Serene Hills
3-6 beds, 3-7 baths, 2,500-6,100 sqft, Low $800,000s – $2.6MMs
St Andrews
2-4 beds, 2-3 baths, 1,300-2,400 sqft, Mid $300,000s – High $400,000s
Sunset Park
3-4 beds, 3-4 baths, 2,187-2,900 sqft, Mid $500,000s – $1MMs
Tuscan Village
55+ Community, 1-4 beds, 2-4 baths, 972-3,200 sqft, High $200,000s – Low $700,000s
Water Front
4-6 beds, 6-9 baths, 4,000-8,000 sqft, $1.5MM’s-$6.5MM’s
Waters Edge at Rough Hollow
Luxury Homes From the $2MMs – $2.9MMs
Lakeway Schools
Children who live in the city of Lakeway have access to some of the best schools in Texas. The city of Lakeway is served by the Lake Travis ISD which includes the following schools:
- Bee Cave Elementary - 8/10
- Lake Pointe Elementary - 10/10
- Lake Travis Elementary - 6/10
- Lakeway Elementary - 8/10
- Serene Hills Elementary - 9/10
- West Cypress Hills Elementary - 8/10
- Rough Hollow Elementary - 9/10
- Bee Cave Middle - 10/10
- Hudson Bend Middle - 8/10
- Lake Travis Middle - 10/10
- Lake Travis High - 8/10
School ratings reflect Great Schools ratings as of September 2026. Ratings are subject to change at any time. Please verify ratings and boundaries with the school district.
For more info about schools, visit Lake Travis ISD Schools and Neighborhood.
Property Taxes in Lakeway
Property taxes in Lakeway are collected by Travis County and vary depending on the neighborhood and zip code. Homes in the 78734 zip code (the core of Lakeway) generally carry a lower effective tax rate than homes in the 78738 portion of the city, which overlaps with Bee Cave and other western communities.
As a general reference, the effective property tax rate in Lakeway’s 78734 zip code is approximately 1.49%, while the 78738 zip code runs closer to 1.89%. The City of Lakeway’s current tax rate is $0.144 per $100 of assessed valuation. Keep in mind that the total tax bill combines the city rate, Travis County’s rate, and the Lake Travis ISD rate.
Tax rates are set annually and can change year to year. For the most current estimates on a specific property, visit the Travis County Tax Assessor website or contact us and we can walk you through a specific property’s tax history.
Lakeway Photos
Lakeway Sold Data – What Lakeway Homes Actually Sold For
What sold recently in Lakeway and for how much? Where can I find pictures of homes that actually sold? How many days does it take to sell a home in Lakeway? How many homes are currently for sale in Lakeway? What’s the median sold price in Lakeway? What does the 90 day historic market trend look like in Lakeway? How’s the Lakeway market trending? All of these questions (and more!) can be answered on our Lakeway Sold Data Report.
Golf in Lakeway
One of the best and closest golf courses in Lakeway is in the Falconhead neighborhood. Falconhead Golf Course is a PGA designed course that offers the quality of play the pros experience. Falconhead takes full advantage of the rolling hills and the terrain of the Texas Hill County and play one round and will quickly see why this course is one of Austin’s best.
Things to Do in Lakeway
Because the Lakeway Community borders Lake Travis, most residents spend their free time in and on the water. There are 3 main marinas in Lakeway……Rough Hollow, Hurst Harbor Marina and Lakeway Marina allowing easy access for it’s residents. Also on Lake Travis is Lakeway City Park offering 64 acres of green space. Lakeway City Park has a beach area, play area for kids, two miles of trails, picnic tables, a butterfly garden and areas for shuffleboard, washers, horseshoes, basketball and volleyball. If you get tired of the lake, you can enjoy shopping, restaurants and movies at nearby Shops of at the Galleria and the Hill Country Galleria Mall. In the fall you can and enjoy the Friday Night Lights of Lake Travis High school. One of the best High School football teams in all of Texas.
Shopping in Lakeway
Lakeway and the surrounding area offer a full range of shopping options, from everyday grocery runs to upscale retail. The Hill Country Galleria in Bee Cave, just minutes from central Lakeway, is the largest retail center in the area. It includes national retailers, restaurants, a movie theater, specialty shops, and a Central Market grocery store — all set along an outdoor streetscape.
The Oaks at Lakeway on RM 620 is a newer mixed-use center with a variety of dining, retail, and service businesses. The Gramercy, also along the RM 620 corridor, rounds out the options with additional dining and specialty retail. Together, these three centers mean most residents can take care of daily errands and dining without leaving the immediate Lakeway area.
Places to Eat in Lakeway
Lakeway has developed a solid dining scene over the years, with options ranging from casual lakeside spots to sit-down Italian and steakhouses. Most of the dining is concentrated along RM 620, with additional options at the Hill Country Galleria and The Oaks at Lakeway.
Josey’s Bar and Grill at 101 Lakeway Drive offers a casual, sports bar atmosphere with food and drink in a convenient central location. The Lakeway Resort and Spa on Lakeway Drive also has on-site dining with views of Lake Travis — a popular spot for weekend brunches and special occasions.
The Hill Country Galleria in nearby Bee Cave adds a wide range of dining chains and local spots within a 5 to 10 minute drive of most Lakeway neighborhoods. For a full list of current Lakeway restaurants, TripAdvisor and Google Maps maintain up-to-date listings with hours and reviews.
Coffee in Lakeway
Lakeway has plenty of Starbucks coffee shops in and around the community but it also offers a few boutique places to try. Cafe Lago Coffeehouse has served the Lakeway community since 1992. They also serve one of the best breakfasts in the Lakeway area. Java Dive Organic Cafe is dedicated to serving imaginative espresso and latte drinks, as well as, healthy and organic food.
Where to Work Out – Gyms Near Lakeway
Bodywise Gym has been serving the Lakeway Community since 1990. Their motto is, “Not a Big Gym, A Great Gym”. Their gym floor is bright and airy with state of the art equipment. They also offer a Virtual Fitness room where you can check out fitness videos and workout in privacy. Established in 2005, Lakeway Elite Fitness provides excellence in fitness, self defense and wellness. They are certified and licensed in MMA, Crossfit Kids and Krav Maga. This is one of the more unique gyms in the Austin area. Thanks for reading our Lakeway neighborhood guide.
Frequently Asked Questions About Lakeway, TX
Here are answers to the questions we hear most often from buyers considering a move to Lakeway, TX.
Lakeway is approximately 25 miles northwest of downtown Austin. Under normal traffic conditions, the drive takes about 30 to 40 minutes. During peak commute hours, plan for closer to 45 minutes, depending on whether you take Ranch to Market Road 620 or Highway 71. Highway 71 tends to run faster during morning and evening rush hours.
Lakeway is served by the Lake Travis Independent School District (LTISD). The district earned an “A” rating from the Texas Education Agency in the 2024-25 accountability system, scoring 90 out of 100 points. Schools serving Lakeway include Bee Cave Elementary, Lakeway Elementary, Serene Hills Elementary, Rough Hollow Elementary, Lake Pointe Elementary, Bee Cave Middle School, Lake Travis Middle School, and Lake Travis High School.
Property taxes in Lakeway are collected by Travis County and vary by neighborhood and zip code. Homes in the 78734 zip code (the core of Lakeway) carry an effective tax rate of roughly 1.49%, while properties in the 78738 portion of the city run closer to 1.89%. The City of Lakeway‘s own tax rate is $0.144 per $100 of assessed valuation. Your total bill combines the city rate, Travis County’s rate, and the Lake Travis ISD rate. For an estimate on a specific home, use the Travis County Tax Estimator at traviscountytx.gov, or contact us and we can pull the tax history on any property you’re considering.
Home prices in Lakeway span a wide range depending on the neighborhood, size, and whether the home has lake access or golf course frontage. Entry-level condos in Tuscan Village start in the mid $300,000s, while mid-range homes in neighborhoods like Cardinal Hills and North Lakeway Village typically run from the high $500,000s into the mid $900,000s. Luxury neighborhoods like Serene Hills, Rough Hollow, and Round Mountain see prices from the high $900,000s up to $3 million or more, and waterfront estates can exceed $6 million. For current median prices and market trends, visit our Lakeway Sold Data Report.
Lakeway is its own incorporated city in Travis County, Texas. Residents voted to incorporate in 1974, and the city operates its own city council, police department, municipal court, parks and recreation department, and public works services. While Lakeway is considered part of the greater Austin metro area, it is a separate municipality with its own governance and identity.
The primary zip code for Lakeway is 78734, which covers most of the city. A smaller portion of Lakeway, including some western neighborhoods near Bee Cave, falls within the 78738 zip code. If you’re searching for homes in Lakeway, searching both zip codes will give you the most complete picture of available inventory.
Lakeway is made up of more than 20 distinct neighborhoods, each with its own character and price range. Popular options include Rough Hollow (resort-style amenities and marina access), Serene Hills (newer luxury homes in a gated setting), Hills of Lakeway (a private golf community), Flintrock at Hurst Creek (a Jack Nicklaus-designed golf course community), Bella Montagna (custom estates with Hill Country views), and Tuscan Village (a 55+ community). More entry-level options include Cardinal Hills, St Andrews, and Lohmans Crossing Estates. You can explore each neighborhood in detail using the links further up this page.
Yes. Lakeway Airpark (FAA identifier: 3R9) is a general aviation airport located within the city. It has a single runway and handles both itinerant and local flight operations. The airport is one of several amenities that have made Lakeway popular with pilots and aviation enthusiasts who want to live close to where they fly.
With Lake Travis as its northern border, Lakeway is built around outdoor recreation. The city has three marinas — Lakeway Marina, Hurst Harbor Marina, and Rough Hollow Marina — offering boat slips, rentals, and lake access. Lakeway City Park spans 64 acres along the lake and includes a beach area, two miles of hiking and biking trails, a butterfly garden, picnic tables, and courts for basketball, volleyball, horseshoes, and shuffleboard. Golfers have access to courses at Falconhead and the Jack Nicklaus-designed Flintrock Falls layout. The Hill Country Galleria in nearby Bee Cave adds shopping, dining, and entertainment just minutes away.
Lakeway consistently ranks among the most sought-after communities in the greater Austin area. The combination of Hill Country scenery, Lake Travis access, Lake Travis ISD schools, city services, and a wide range of neighborhoods at different price points makes it appealing to a broad range of buyers. The community has grown steadily since incorporation and has seen significant retail and amenity development along the RM 620 corridor in recent years. As with any real estate decision, the right fit depends on your specific priorities, budget, and lifestyle. If you’d like a candid assessment of whether Lakeway is the right match for what you’re looking for, reach out and we’re happy to talk through it.
Realtors Specializing in Lakeway
Rebecca Jacks and Raymond Stoklosa are Realtors specializing in Lakeway homes. Whether you’re looking to buy or sell a home in Lakeway, Rebecca and Raymond know the area well and have the experience and tools necessary to make your next real estate transaction stress free. For more info about who we are and how we work, check out Buying a Home in Lakeway and Selling a Home in Lakeway.
