The Water Front neighborhood in Lakeway, Texas, embodies the epitome of luxury living on the banks of Lake Travis. For discerning homebuyers seeking a serene yet exclusive lifestyle, Water Front is a haven of stunning properties, thoughtful amenities, and breathtaking views. This gated community offers more than just homes; it provides a lifestyle that beautifully blends relaxation and sophistication. Water Front is an exclusive, gated community of about 40 luxury homes on several miles of Lake Travis waterfront. Situated on the main body of Lake Travis, many Water Front homeowners have consistent lake access. For those who prefer a full service marina, the Rough Hollow Marina is only minutes from the entrance gate. The Rough Hollow Yacht Club, which is separate from Water Front, is a nearby option for resort style amenities like a pool and fitness center. Whether you’re researching top-tier Austin neighborhoods or seeking a guide for buying luxury lakefront real estate, this Water Front neighborhood guide walks you through everything you need to know about living in Water Front. From the homes themselves to the area’s vibrant dining and recreational options, we’ve got you covered. Scroll Down to Read Our Water Front Neighborhood Guide.
Water Front Homes for Sale
SEARCH ALL WATER FRONT HOMES FOR SALENo Email Required! Water Front Neighborhood Map
Water Front is tucked away through the original section of Lakeway. To get to Water Front, take 620 to Lakeway Blvd and head west. Make a left on Highlands Blvd. Make a right on Rough Hollow Drive. Make a left on Lake Estates Drive and go through the gate. Water Front is shaded in blue on the map below. Explore other Lakeway neighborhoods in our Lakeway Neighborhood Guide. Scroll down to continue reading our Water Front neighborhood guide.
A Glimpse of Water Front Living
Water Front is a private, gated community featuring about 40 luxury homes. Nestled amidst Lake Travis' natural beauty and just outside the hustle of Austin's cityscape, it’s known for its exclusivity, quiet ambiance, and rare real estate opportunities.
Many homes here have direct waterfront access, with calm, relaxing views of Lake Travis.
One of the standout details? Homes here rarely appear on the market, reflecting how much residents love this idyllic, lakeside sanctuary.
Luxury Homes at Water Front
The homes in Water Front are nothing short of extraordinary. Each property is thoughtfully designed with opulence and functionality in mind.
Key Home Features
- Lot Sizes: Range from 0.5 to 2 acres, offering significant privacy and space.
- Home Sizes: Layouts vary between 4-6 bedrooms, 5-9 bathrooms, and span 4,022-8,150 square feet.
- Median Home Stats: Four bedrooms, five bathrooms, 4,964 square feet on 0.78 acres.
- Construction Years: Built mainly between 1998-2008, with a few newer properties added later.
- Amenities:
- Many homes feature private pools, offering resort-style luxury.
- Oversized garages (mostly three-car, with some four or larger).
- Elegant interiors with high-quality finishes and modern architecture.
Water Front homes are perfectly tailored to enhance the experience of lakeside luxury, where every detail is designed to elevate your lifestyle.
What Makes Living in Water Front Special?
Life at Water Front combines exclusivity, tranquility, and convenience. Below are some of the key highlights:
Neighborhood Amenities
- Lush Community Park
The neighborhood park offers a picturesque spot to relax, unwind, or watch stunning Texas sunsets over Lake Travis.
- Meticulously Maintained Streets
The Lakeway II Community Association ensures every aspect of the community stays immaculate, giving the neighborhood an air of effortless elegance.
- Close Proximity to Premium Clubs
From The Hills Country Club’s championship golf courses to the Rough Hollow Yacht Club’s resort-style amenities, luxury is always around the corner.
The Lifestyle
Living in Water Front goes far beyond owning a luxury home. The community fosters peaceful, upscaled living with nature as a backdrop. Imagine spending your mornings kayaking on Lake Travis or evenings dining with lakeside views. Frequent social events at nearby Rough Hollow further enrich the lifestyle here, creating a friendly and connected atmosphere. Scroll down to continue reading our Water Front neighborhood guide.
Water Front Property Tax Rate
The property tax rate in Lakeway's Water Front neighborhood is 1.8467% as of the 2025 tax year, down from 1.9061% as of the 2024 tax year. It was 1.7596% as of the 2023 tax year, down from 1.9078% as of the 2022 tax year. The property tax rate was 2.036% as of the 2021 tax year.
Water Front HOA Dues
| Lakeway II Community Association | $2,000 / annually |
Dues shown as reported and deemed reliable but not guaranteed. HOA fees, special assessments, and terms can change at any time. Buyers should confirm current dues directly with the HOA or management company before making an offer.
HOA Rules Buyers Should Know
| Architectural Review | Exterior changes, new construction and modifications need written approval before work begins. The review committee must make a determination within 30 days of receiving a complete application. |
| Leasing | Leasing is not prohibited. The association may require a minimum lease term of up to 12 months. |
| Parking and Storage | Vehicles are to be parked on paved driveways, not on the street. Boats, trailers, RVs, golf carts and commercial vehicles must be kept in enclosed garages. |
| Transfer Fee | The Declaration allows the association to charge a transfer fee at closing of up to 0.25% of the sales price. Confirm whether one is currently charged. |
| Notice of Sale | Sellers must give the association at least seven days’ written notice, including the buyer’s name and address and the closing date, before title transfers. |
| Certificate of Compliance | Owners can request a certificate confirming there are no known architectural violations. The association responds within 30 days and may charge a fee. |
Summarized from the recorded Lakeway II Community Association Declaration. Rules can be amended, and the full document controls. Buyers should request the current governing documents and a resale certificate before making an offer.
Water Front Schools
Homes in Lakeway’s Water Front neighborhood are zoned to the Lake Travis ISD and to the following schools:
- Serene Hills Elementary - 9/10
- Hudson Bend Middle - 8/10
- Lake Travis High - 8/10
School ratings reflect Great Schools ratings as of November 2026. Ratings are subject to change at any time. Please verify ratings and boundaries with the school district.
Water Front Amenities
Water Front homeowners enjoy access to a beautiful community park with great views of Lake Travis, especially at sunset. Water Front streets are also maintained by the active Lakeway II Community Association, keeping them in good condition. For those looking for activities nearby, The Hills Country Club is a popular gathering spot for those looking for golf or social activities. Spanish Oaks Country Club is also close by for those looking for a club that focuses more on golf. The World of Tennis is also only minutes from the community and is ideal for the tennis lover.
Water Front Neighborhood Photos
Water Front Sold Data - What Water Front Homes Actually Sold For
What sold recently in Water Front 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 Water Front? How many homes are currently for sale in Water Front? What’s the median sold price in Water Front? What does the 90 day historic market trend look like in Water Front? How’s the Water Front market trending?
All of these questions (and more!) can be answered on our Water Front Sold Data Report.
Water Front Market Stats — 12 Months (11/1/2025 – 10/31/2026)
Based on a limited number of sales — figures may not reflect the full range of homes in the neighborhood.
| Homes Sold | 1 |
| Bed / Bath Range | 4 beds, 6 baths |
| Median Sale Price | $3,758,750 |
| Price Range | $3,758,750–$3,758,750 |
| Median Price Per Sq Ft | $713 |
| Median Home Size | 5,270 sq ft |
| Median Days on Market | 41 days |
| Sale-to-List Ratio | 95% |
Data sourced from Unlock MLS. 12 months ending October 2026. Statistics deemed reliable but not guaranteed.
Water Front Home Price History
Curious how home prices in Water Front have trended? Here’s a five-year look at closed sales from 2022 through 2026 YTD.
Years with 5 or fewer sales may not reflect the full range of homes in the neighborhood.
| Year | Homes Sold | Median Sale Price | YoY | Price Range | Median $/SqFt | Median Home Size | Median Beds/Baths | Median DOM | Sale-to-List |
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 0 | — | — | — | — | — | — | — | — |
| 2023 | 2 | $2,915,000 | — | $2,005,000–$3,825,000 | $621 | 4,611 sq ft | 5bd/5ba | 28 days | 99% |
| 2024 | 1 | $1,895,000 | ▼ 35.0% | $1,895,000–$1,895,000 | $453 | 4,181 sq ft | 4bd/5ba | 73 days | 95% |
| 2025 | 2 | $1,773,500 | ▼ 6.4% | $1,350,000–$2,197,000 | $427 | 4,112 sq ft | 5bd/5ba | 116 days | 95% |
| 2026 YTD | 1 | $3,758,750 | ▲ 111.9% | $3,758,750–$3,758,750 | $713 | 5,270 sq ft | 4bd/6ba | 41 days | 95% |
Data sourced from Unlock MLS (ACTRIS). 2026 figures reflect year-to-date sales through 10/14/2026. Year-over-year change is calculated against the most recent prior year with recorded sales. With only one or two sales a year, and homes ranging from roughly 3,900 to 5,300 sq ft, these percentages reflect the specific homes that sold rather than a market-wide trend. Statistics deemed reliable but not guaranteed.
Water Front Days on Market Trend
How fast are Water Front homes selling? Here’s a five-year look at how long homes sat on the market before going under contract, from 2022 through 2026 YTD.
| Year | Homes Sold | Median Days on Market | Avg Days on Market |
|---|---|---|---|
| 2022 | 0 | No sales | No sales |
| 2023 | 2 | 28 days | 28 days |
| 2024 | 1 | 73 days | 73 days |
| 2025 | 2 | 116 days | 116 days |
| 2026 YTD | 1 | 41 days | 41 days |
Years with 5 or fewer sales may not reflect the full range of homes in the neighborhood.
Data sourced from Unlock MLS. 2026 figures reflect year-to-date sales through 10/14/2026. Statistics deemed reliable but not guaranteed.
The Convenience of Location
Located roughly 24 miles from downtown Austin, Water Front offers a peaceful retreat without sacrificing access to city amenities.
Commute
The neighborhood is conveniently situated near major roads such as Ranch Road 620, making commutes to Bee Cave, Lakeway, and the greater Austin area straightforward. Bee Cave is just 15 minutes away, and Austin-Bergstrom International Airport is a manageable 30-mile drive.
Nearby Coffee Shops
For those who enjoy working remotely or catching up with colleagues over a freshly brewed cup of coffee, there are plenty of options nearby:
- Summer Moon: Known for its signature "Moon Milk," this coffee shop is perfect for a lively day out.
- Winston's – A local hotspot blending coffees with fresh pizzas and baked treats.
- Vivel Crepes & Coffee: This café serves exceptional coffee along with a variety of sweet and savory crepes.
Best Restaurants and Bars
Water Front’s idyllic location places it near some exquisite culinary experiences:
- The Grove Wine Bar & Kitchen: A favorite for wine lovers and exquisite dishes.
- Bluefin Sushi & Ramen: Serving a mix of creative sushi and hearty bowls of ramen.
- Santa Catarina Mexican Grill: A go-to for fresh and flavorful Tex-Mex.
- Lakeway Speakeasy and Cigar Bar: A sophisticated spot for cocktails and fine cigars.
Fitness and Recreation
Staying active is effortless at Water Front. Members of The Hills Country Club and World of Tennis enjoy golf and tennis facilities. Looking for more variety? Try group workouts or specialized training at Lakeway Elite Fitness or Club Pilates. Love the open air? You’re moments from trails perfect for running or cycling around Lake Travis.
Fun Things to Do Near Water Front
Living at Water Front places an abundance of activities right on your doorstep.
- Spend the afternoon boating or paddleboarding on Lake Travis.
- Host a picnic with friends at the serene Hamilton Greenbelt.
- Explore local art events at the Hill Country Galleria.
- Plan weekend adventures in the Balcones Canyonlands National Wildlife Refuge.
Why Luxury Buyers Choose Water Front
Luxury buyers seek more than just breathtaking homes. They look for communities that match their lifestyle, and Water Front delivers on every level. Here are a few reasons buyers choose this neighborhood:
- Exclusivity: With about 40 homes, Water Front creates a close-knit, private community experience.
- Natural Beauty & Calm: The stunning backdrop of Lake Travis promotes an atmosphere of serenity.
- Location Convenience: Proximity to Austin’s vibrant downtown yet comfortably nestled in peaceful Lakeway.
- Timeless Value: Rarely available homes testify to the community’s desirability and enduring appeal.
Pros and Cons of Living in Water Front
Pros
- Price: The median sale price over the past 12 months was $3,758,750 from 1 sale, at $713 per square foot, so this is a thin sample and prices vary by home.
- Home sizes: Homes range from 4,022 to 8,150 square feet, the median home size over the past 12 months was 5,270 square feet, and lots range from 0.5 to 2 acres.
- Waterfront: Water Front is a gated community of about 40 homes on several miles of Lake Travis waterfront, and many homeowners have consistent lake access.
- Community park: A neighborhood park has views of Lake Travis, and the Lakeway II Community Association maintains the streets.
- Schools: The neighborhood is zoned to Lake Travis ISD: Serene Hills Elementary (9/10), Hudson Bend Middle (8/10) and Lake Travis High (8/10).
- Location: Water Front is near Ranch Road 620, Bee Cave is about 15 minutes away, and The Hills Country Club, Spanish Oaks Country Club and World of Tennis are close by.
Cons
- The price level is high, with a 12-month median sale price of $3,758,750 from 1 sale and yearly medians that have ranged from $1,773,500 to $3,758,750 since 2023.
- The 2025 property tax rate was 1.8467%, down from 1.9061% in 2024.
- The Lakeway II Community Association charges $2,000 per year, and its Declaration allows a transfer fee of up to 0.25% of the sales price at closing, requires written approval for exterior changes, and requires boats, trailers, RVs and golf carts to be kept in enclosed garages.
- Water Front does not have a community pool, and the community park is the main neighborhood amenity.
- Water Front is roughly 24 miles from downtown Austin, and homes rarely come to market, so buyers may have few homes to choose from.
Who it fits: Buyers who want a gated Lake Travis waterfront setting of about 40 homes, with 4,022 to 8,150 square foot homes on 0.5 to 2 acre lots, a neighborhood park, Lake Travis ISD schools, and who are comfortable with an annual HOA of $2,000 and a luxury price level. Who should look elsewhere: Buyers who want a community pool, a short drive to downtown Austin, a wide choice of homes for sale, or an HOA without architectural approval and storage rules may want to look elsewhere.
Frequently Asked Questions About Water Front
No. Water Front does not have a community pool.
The Lakeway II Community Association charges $2,000 annually. Exterior changes need written approval before work begins, and the Declaration allows a transfer fee at closing of up to 0.25% of the sales price.
Water Front is zoned to Lake Travis ISD: Serene Hills Elementary (9/10), Hudson Bend Middle (8/10) and Lake Travis High (8/10).
The 2025 property tax rate in Water Front was 1.8467%, down from 1.9061% in 2024.
Over the 12 months ending September 2026, the median sale price was $3,758,750 from 1 sale, at $713 per square foot, so it reflects only that sale. Yearly medians were $2,915,000 in 2023, $1,895,000 in 2024 and $1,773,500 in 2025.
The median days on market over the 12 months ending September 2026 was 41 days, based on 1 sale. Yearly medians were 28 days in 2023, 73 days in 2024 and 116 days in 2025.
Homes range from 4,022 to 8,150 square feet with 4 to 6 bedrooms and 5 to 9 bathrooms, on lots from 0.5 to 2 acres. Most were built between 1998 and 2008.
Water Front is roughly 24 miles from downtown Austin and about 15 minutes from Bee Cave. Austin-Bergstrom International Airport is about a 30-mile drive.
Yes. Water Front is a gated community of about 40 homes on several miles of Lake Travis waterfront, and homes rarely come to market.
Find Your Dream Home in Water Front
Water Front is not just a neighborhood; it’s a lifestyle. For luxury home buyers, it offers a blend of sophistication, natural beauty, and thoughtful amenities. Whether you're drawn by the serene lake views, oversized lots, or convenient access to Austin, Water Front ticks every box.
If you're considering moving to Lakeway or purchasing a luxury home, connect with expert Water Front buyer’s agents today. We’ll work with you to find a home that matches your vision in this extraordinary community.
We hope you enjoyed reading our Water Front neighborhood guide.
Lakeway Realtor Specializing in Water Front Homes
Rebecca Jacks and Raymond Stoklosa are Lakeway Realtors specializing in Water Front homes. Whether you're looking to buy or sell a home in Water Front, 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 Water Front and Selling a Home in Lakeway.
