If you’re looking for an established Austin suburb that offers Hill Country scenery, lake access, and a genuine sense of community, Lakeway is one of the most compelling places to begin your luxury home search. What started in the 1960s as a golf and lake retreat for weekenders from Dallas and Houston has grown into a thriving full-time residential city that ranks as the wealthiest municipality in Travis County.
Lakeway’s appeal is layered. The physical setting, with rolling limestone hills, mature oaks, and the shimmering expanse of Lake Travis, provides a backdrop that few Austin suburbs can match. There’s also an infrastructure that supports a high quality of life: top-rated Lake Travis ISD schools, a walkable retail core, two Jack Nicklaus-designed golf courses, and a marina that makes boating as practical as it is enjoyable.
This Lakeway TX luxury neighborhood guide takes you through the area’s distinct communities, from guard-gated golf enclaves to sprawling waterfront estates. Whether you’re relocating from out of state, moving from elsewhere in the Austin area, or comparing Lakeway to other luxury markets like Georgetown, you’ll find the detail you need to make a confident decision.
Scroll down to explore the full guide.
Lakeway Luxury Homes for Sale
SEARCH ALL LAKEWAY LUXURY HOMES FOR SALENo Email Required! Lakeway Luxury Neighborhoods Map
Lakeway Luxury Neighborhood Guide
Use the buttons below to explore our Lakeway luxury neighborhood guide. The profile listed next to each Lakeway luxury neighborhood describes the type of home you can expect to find as of August 2026.
Bella Montagna
4-6 beds, 3-8 baths, 3,000-8,000 sqft, $1.8MMs – $2.2MMs
Creekside at Flintrock
4-5 beds, 4-5 baths, 3,500-5,000 sqft, $1.3MMs – $2.4MMs
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 $1.5MMs
Estates of Flintrock
3-5 beds, 2.5-6 baths, 2,862-5,233 sqft, Low $900,000s – $1.9MMs
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
Rough Hollow
2-7 beds, 2-8 baths, 1,800-9,000 sqft, Mid $500,000s – $2.9MMs
Round Mountain
3-6 beds, 3-8 baths, 3,500-8,000 sqft, $1MM – $3MM
Serene Hills
3-6 beds, 3-7 baths, 2,500-6,100 sqft, Low $800,000s – $2.6MMs
Water Front
4-6 beds, 6-9 baths, 4,000-8,000sqft, $1.8MM’s-$6.5MM’s
Waters Edge at Rough Hollow
4-7 beds, 4-8 baths, 4,600-9,100 sqft, $2MMs – $3MMs
What is Lakeway, Texas Like?
Lakeway offers a distinct living experience compared to other Austin suburbs. The city has intentionally focused on preserving its natural beauty and promoting outdoor activities rather than developing large-scale big-box retail centers. This approach has cultivated a tranquil atmosphere where rolling hills, mature trees, and stunning lake views are part of the daily backdrop.
The community is situated along the shores of Lake Travis, providing residents with unparalleled access to water-based recreation. Many neighborhoods offer direct lake access, and some even feature waterfront estates with private docks. The lifestyle here is diverse, ranging from exclusive gated and guard-gated communities to luxury country club living and expansive acreage estates.
Originally conceived as a retirement and second-home destination, Lakeway has evolved significantly. The combination of excellent schools, a growing local economy, and proximity to Austin has attracted a wide demographic. While it retains its relaxed, resort-like feel, it is now a vibrant, year-round community for professionals, entrepreneurs, and those seeking an active, high-quality life.
Why Do Luxury Buyers Choose Lakeway?
Luxury home buyers are drawn to Lakeway for a combination of its scenic setting, high-end amenities, and diverse housing options. The area offers a sense of escape without sacrificing convenience, making it an ideal choice for those who want the best of both worlds.
- Natural Beauty and Outdoor Recreation: With its prime location on Lake Travis and the surrounding Hill Country, Lakeway is an outdoor enthusiast’s paradise. Boating, fishing, hiking, and golfing are just a few of the activities residents enjoy.
- Highly-Rated Schools: The Lake Travis Independent School District is consistently ranked among the best in the state, making it a major draw for households prioritizing education.
- Variety of Luxury Homes: From modern new construction to established estates with timeless architecture, Lakeway offers a wide array of luxury properties. Buyers can find everything from sprawling waterfront homes to sophisticated golf course residences and private acreage.
- Privacy and Security: Many of Lakeway’s luxury neighborhoods are gated or have 24/7 guard-gated access, providing an extra layer of security and peace of mind.
- Proximity to Austin: While Lakeway feels worlds away from the urban hustle, it’s only about a 30-45 minute drive to downtown Austin. This makes it a feasible commute for those who work in the city but prefer a more serene home environment.
A Look at Popular Lakeway Luxury Neighborhoods
Lakeway is home to several distinguished neighborhoods, each offering its own unique charm and lifestyle. Here’s a closer look at four of the most sought-after communities for luxury home buyers.
Hills of Lakeway
As one of the area’s most established luxury communities, the Hills of Lakeway offers a timeless appeal. This 24/7 guard-gated neighborhood is known for its mature landscapes, stately homes, and world-class amenities. It’s home to The Hills Country Club, which features two championship golf courses designed by Jack Nicklaus. Homes here are diverse, ranging from classic 1980s designs to more recent custom builds, often situated on spacious lots with golf course or greenbelt views.
Flintrock at Hurst Creek
Flintrock at Hurst Creek is another premier guard-gated, golf course community. It surrounds the Flintrock Falls golf course, also a Jack Nicklaus signature design. The neighborhood features beautifully crafted custom homes from some of Austin’s top builders. Properties in Flintrock at Hurst Creek often boast stunning Hill Country vistas and high-end finishes. The community’s elegant streetscapes and meticulous landscaping create a sophisticated and cohesive environment.
Serene Hills
True to its name, Serene Hills is a newer luxury community that emphasizes harmony with nature. Spanning over 450 acres, with a significant portion dedicated to green space and hiking trails, this neighborhood offers a peaceful living experience. The homes in Serene Hills are modern and luxurious, built by a select group of custom builders. Buyers are attracted to the large homesites, contemporary architectural styles, and the community’s commitment to preserving the natural landscape.
Rough Hollow
Rough Hollow is a large, master-planned community that offers a resort-style living experience on the shores of Lake Travis. It features a wide range of housing options across several distinct sections, from villas to grand custom estates. The heart of the community is the Rough Hollow Yacht Club & Marina, which provides residents with direct lake access, a restaurant, a fitness center, and multiple pools. With miles of hiking trails and breathtaking lake views, Rough Hollow is perfect for those seeking an active, social, and amenity-rich lifestyle.
What Is Lakeway, Texas Like?
Lakeway occupies a distinct niche among Austin’s western suburbs. The city has long prioritized preserving its natural character over large-scale commercial development, which means rolling hills, mature tree canopy, and lake views serve as everyday backdrops rather than strip malls and traffic corridors.
The community sits along the southern shore of Lake Travis, one of the most expansive and scenic reservoirs in Central Texas. Many neighborhoods offer direct lake access, and waterfront estates with private docks represent some of the most sought-after properties in the entire Austin metro area. In zip code 78734, you’ll find the more established waterfront communities on the original city side, while 78738 is home to some of the newer guard-gated and golf course developments.
Lakeway’s identity has evolved considerably since its early days as a weekend destination. Today it functions as a full-service city with its own emergency services, retail, dining, fitness, and professional services, all within a setting that still feels removed from the pace of central Austin. The drive to downtown Austin runs approximately 30 to 45 minutes depending on time of day, making it a practical choice for professionals who value space and scenery without sacrificing access.
One detail worth knowing: Lakeway is consistently ranked as the wealthiest city in Travis County and among the top ten wealthiest cities in Texas. That distinction is reflected not just in home prices but in the caliber of local infrastructure and amenities.
Why Luxury Buyers Choose Lakeway
Luxury buyers come to Lakeway for a combination of reasons that are difficult to find anywhere else in the Austin market at this price point.
Property taxes are an important part of the cost equation in Lakeway. Rates vary by subdivision — from around 1.85% in most of the city to over 2.35% in communities like Serene Hills and Rough Hollow that carry additional MUD assessments. On a $1.5 million home, that’s $27,700 to $35,400 per year. See our full guide to Austin luxury home property taxes for 2025 Lakeway rates by neighborhood.
Natural Setting and Outdoor Recreation
Lake Travis and the surrounding Hill Country provide an outdoor lifestyle that few Texas suburbs can match. Boating, paddleboarding, fishing, hiking, and golfing are accessible from most neighborhoods, not just as occasional outings but as a regular part of daily life. Rough Hollow’s yacht club and marina, the greenbelt trail systems at Serene Hills, and the proximity to Hamilton Pool and other natural landmarks set Lakeway apart for buyers who prioritize outdoor access.
Lake Travis ISD
The Lake Travis Independent School District consistently earns top rankings in the state of Texas for academic performance and extracurricular programming. Enrollment in LTISD is one of the most frequently cited reasons buyers choose Lakeway over other luxury markets in the Austin area.
Range of Luxury Home Styles
Lakeway offers genuine variety within the luxury segment. You can find classic Mediterranean estates from the 1980s and 1990s in Hills of Lakeway, sleek contemporary custom builds in Serene Hills, resort-style lake homes in Rough Hollow, and brand-new construction on large acreage lots in Round Mountain. That variety means most buyers can find something that genuinely suits their architectural preferences rather than settling for one dominant style.
Privacy and Security
Several of Lakeway’s most desirable communities offer gated or guard-gated access. Hills of Lakeway and Flintrock at Hurst Creek both feature 24/7 guard-gated entry. Other neighborhoods offer coded or card-access gated entry. For buyers who prioritize security and privacy, Lakeway has more options at the luxury level than most other Austin suburbs.
Proximity to Austin Without the Density
Lakeway’s location along RM 620 and the Lake Travis corridor keeps it connected to Austin’s technology and healthcare employment centers while maintaining a lower-density feel. The drive to The Domain, Northwest Austin’s major corporate hub, typically runs 20 to 30 minutes. Downtown Austin is approximately 30 to 45 minutes, depending on traffic.
Comparing Lakeway and Georgetown for Luxury Home Buyers
If you’re weighing Lakeway against Georgetown as part of your luxury home search, you’re not alone. It’s one of the most common comparisons we see among buyers who want space, quality schools, and a strong sense of community without being in the urban core of Austin.
Georgetown sits approximately 35 miles north of downtown Austin and 50 miles from Lakeway. It offers its own compelling luxury market, with newer master-planned communities, larger lots, and somewhat lower price-per-square-foot in many neighborhoods. Georgetown also has strong schools through Georgetown ISD, a charming historic square, and fast-growing infrastructure supporting the city’s rapid growth.
Lakeway’s primary advantage over Georgetown comes down to three things: water, terrain, and established cachet. Lake Travis and the Hill Country landscape simply aren’t available in Georgetown. Lakeway is also a more mature market, meaning infrastructure, dining, and community programming are well developed rather than catching up to growth. And for buyers who want guard-gated golf communities with recognized names like Hills of Lakeway or Flintrock Falls, those products exist in Lakeway in a way they don’t in Georgetown.
Georgetown tends to attract buyers who prioritize newer construction, more square footage per dollar, and proximity to Austin’s north corridor (Round Rock, Cedar Park, tech campuses off 183A). Lakeway draws buyers who specifically want the lake and Hill Country environment, are drawn to established neighborhood character, or need Lake Travis ISD.
If you’d like to compare both markets side by side, our Georgetown luxury neighborhood guide walks through that market in the same depth as this guide. We work with buyers across both markets and can help you think through the tradeoffs based on your specific priorities.
Lakeway Sold Data – What Lakeway Luxury Homes Actually Sold For and How Much Your Home is Worth
How much is my Lakeway luxury home worth? What luxury homes sold recently in Lakeway and for how much? How many luxury homes are currently for sale in Lakeway? What are the local luxury market trends? How’s my home’s value trending over the last several years and what’s forecasted for the next few years? Are there any foreclosures or distressed sales? How about rentals?
All of these questions (and more!) can be answered on our Lakeway Luxury Sold Data Report.
The Lakeway Lifestyle: Dining, Working, and Staying Active
Living in Lakeway means having a wealth of local hotspots at your fingertips. The community offers a vibrant scene for dining, socializing, and staying fit, all within a few minutes’ drive.
Favorite Restaurants and Bars
From casual eateries to upscale dining, Lakeway’s culinary scene has something for every palate.
- The Gramercy: A chic spot for modern American cuisine and craft cocktails.
- Lakeway Speakeasy and Cigar Bar: An intimate setting for classic drinks and fine cigars.
- Tikka House Indian Eatery: Authentic Indian dishes in a warm, inviting atmosphere.
- MorninGlory: A popular breakfast and brunch destination with creative plates.
- Canyon Grille at Rough Hollow: Offers stunning lake views and an upscale dining experience.
- SAF Wine Bar and Nosh: A cozy wine bar with a curated selection of wines and small bites.
- CraigO’s Lakeway: A local favorite for pizza and casual Italian fare.
- Bluefin Sushi Bar & Ramen: Fresh sushi and flavorful ramen bowls.
Best Coffee Shops to Work or Unwind
Need a caffeine fix or a quiet place to work? These coffee shops are local mainstays.
- Dumont Creamery & Cafe: Serves coffee, ice cream, and light bites.
- Vivel Crepes and Coffee: Authentic French crepes paired with expertly brewed coffee.
- The Market and Cafe at Plate: A charming market with a cafe serving coffee and pastries.
- Petalia Brews & Bites: A unique combination of a coffee shop and floral boutique.
- Cafe Lago: A relaxed spot with a great patio for enjoying a latte.
Gyms and Outdoor Activities
Staying active is a core part of the Lakeway lifestyle, with numerous fitness centers and outdoor recreation opportunities.
- Lakeway Elite Fitness: A state-of-the-art gym with personal training and group classes.
- Practical Fitness: Focuses on efficient, customized workout programs.
- barre3: A studio offering ballet-inspired workouts for a full-body burn.
- Slate Fit Club: Provides a variety of fitness classes in a high-energy environment.
- MYO Mind & Body: A wellness center offering yoga, pilates, and other mindful movement practices.
- Lakeway Personal Training: One-on-one training tailored to your fitness goals.
For outdoor activities, residents have access to numerous parks, over 100 acres of greenbelts, and miles of hiking trails. And, of course, Lake Travis is the ultimate playground for boating, swimming, and water sports.
The Lakeway Lifestyle: Dining, Coffee, and Staying Active
Day-to-day life in Lakeway is well-supported by a local business scene that punches above what you’d expect from a city of this size. Here are some local favorites worth knowing.
Restaurants and Bars
- The Gramercy: Modern American cuisine with craft cocktails; one of Lakeway’s more upscale dining experiences.
- Lakeway Speakeasy and Cigar Bar: A cozy, intimate spot with classic cocktails and a good cigar selection.
- Tikka House Indian Eatery: Authentic Indian dishes in a warm setting.
- MorninGlory: A popular breakfast and brunch destination.
- Canyon Grille at Rough Hollow: Upscale dining with lake views; a community landmark.
- SAF Wine Bar and Nosh: A curated wine bar with small plates.
- CraigO’s Lakeway: Casual Italian and pizza; a local institution.
- Bluefin Sushi Bar and Ramen: Fresh sushi and well-executed ramen bowls.
Coffee Shops
- Dumont Creamery and Cafe: Coffee, ice cream, and light bites.
- Vivel Crepes and Coffee: Authentic French crepes alongside specialty coffee.
- The Market and Cafe at Plate: A charming market-cafe hybrid.
- Petalia Brews and Bites: A coffee shop and floral boutique combination.
- Cafe Lago: A relaxed patio setting; good for working or winding down.
Fitness and Outdoor Recreation
- Lakeway Elite Fitness: Full-service gym with personal training.
- Practical Fitness: Customized, efficient workout programming.
- barre3: Ballet-inspired workouts for full-body conditioning.
- Slate Fit Club: High-energy group fitness classes.
- MYO Mind and Body: Yoga, pilates, and wellness programming.
Beyond the gyms, Lakeway residents have access to over 100 acres of maintained greenbelt, miles of hiking and biking trails, and Lake Travis itself, which serves as Lakeway’s largest recreational amenity. The lake is suitable year-round for boating, swimming, paddleboarding, and fishing.
Frequently Asked Questions About Lakeway TX Luxury Homes
Yes. Lakeway is consistently ranked as the wealthiest city in Travis County and one of the top ten wealthiest cities in the state of Texas. That distinction is reflected in the quality of local infrastructure, the caliber of homes, and the strength of the local luxury real estate market.
That depends on what you’re looking for. Hills of Lakeway has the most established reputation and longest history as a guard-gated, country club community. Waters Edge at Rough Hollow commands the highest price points, with homes ranging from $2 million to $3 million and beyond. Serene Hills and Round Mountain offer the most privacy and the largest lot sizes in newer construction.
Lakeway luxury homes fall primarily in two zip codes: 78734 (which covers the original city, waterfront, and several established neighborhoods along the lake) and 78738 (which covers Hills of Lakeway, Flintrock at Hurst Creek, Serene Hills, and several newer developments). Some Rough Hollow addresses also fall within 78738.
All Lakeway neighborhoods are served by the Lake Travis Independent School District (LTISD), one of the most highly regarded school districts in Texas. Lake Travis High School, Hudson Bend Middle School, and several elementary campuses serve the area. LTISD is consistently recognized for academic performance, fine arts, and athletics.
Lakeway sits approximately 25 to 30 miles from downtown Austin via RM 620 and Loop 360. Under normal traffic conditions, the drive runs 30 to 40 minutes. During peak commute hours, allow 45 to 60 minutes. Lakeway residents who work in the North Austin tech corridor (The Domain, 183A) typically have shorter commutes than those heading to central or east Austin.
Lakeway and Georgetown attract different buyer profiles. Lakeway offers Lake Travis access, Hill Country terrain, established guard-gated communities, and a mature luxury market. Georgetown offers newer construction, more square footage per dollar in many cases, proximity to the north Austin corridor, and a charming historic downtown. If lake access and the Hill Country setting are priorities, Lakeway is the stronger fit. If newer construction and north-Austin proximity matter more, Georgetown is worth a close look. See our full comparison above, or contact us to talk through your specific situation.
The highest prices in Lakeway are typically found in Waters Edge at Rough Hollow (homes from $2 million to $3 million), the Waterfront neighborhood (homes from $1.8 million to $6.5 million), and Round Mountain (from $1 million to $3 million). Bella Montagna and Rough Hollow estate sections also regularly see sales in the $2 million to $4 million-plus range.
Yes. The Waterfront neighborhood in Lakeway (78734) includes estate homes with private docks and direct Lake Travis frontage, priced from the $1.8 millions to over $6 million. Parts of Rough Hollow and a few other pockets also offer direct water access or deep lake views. Inventory in this segment is limited, so working with a Lakeway specialist who has advance knowledge of coming listings is particularly valuable.
Ready to Explore Luxury Living in Lakeway?
Lakeway offers an exceptional quality of life, combining the tranquility of the Texas Hill Country with the amenities of a modern, upscale community. Its beautiful homes, top-tier schools, and abundant recreational opportunities make it one of the most desirable luxury destinations in the Austin area. To explore how Lakeway compares with other top luxury markets, see our Austin luxury neighborhood guide.
If you are considering a move to Lakeway, working with our team of Lakeway luxury buyer’s agents who understands the nuances of the local luxury market is essential. An experienced Lakeway luxury buyer’s agent can provide invaluable guidance, helping you navigate the different neighborhoods and find a home that perfectly suits your lifestyle.
Ready to take the next step? We specialize in helping buyers find their ideal home in Lakeway and greater Austin. Contact us today to start your search and discover everything this remarkable community has to offer.
Realtors Specializing in Lakeway Luxury Neighborhoods
Rebecca Jacks and Raymond Stoklosa are Realtors specializing in Lakeway luxury homes. With an intimate knowledge of the luxury real estate market and Lakeway luxury neighborhoods, Rebecca and Raymond can help you find the right home for you and your family. For more info about who we are and how we work, check out our Buying a Luxury Home in Lakeway and our Selling a Luxury Home in Lakeway.
