Comprised of just 10 luxury homes built in the late 1990s to mid 2000s, the Island at Westlake is one of Austin’s premier gated luxury communities. The neighborhood can be accessed from a keypad gate off Westlake Drive and consists of two cul-de-sac’s. One, Island Knoll Drive has three homes that have Lake Austin water frontage. For those that don’t have waterfront properties, they can enjoy the private neighborhood waterfront park where you can fish, paddle board or just enjoy the lake. There is also a small marina where you can have a dedicated boat slip for easy access to the lake. Lots are between 3/4 of an acre and 1.5 acres, so everyone has a bit of space for casitas, guest houses, outdoor living areas, pools and extra garages. Homes are spacious, ranging from 4,500 square feet to just about 11,000 square feet, so you’ll have space for gyms, libraries, offices, win rooms and just about anything else you desire. And, only minutes to downtown you can enjoy the festivals, live music and restaurants that make Austin, Austin. Scroll down to read our Island on Westlake Neighborhood Guide.
Island on Westlake Homes for Sale
SEARCH ALL ISLAND ON WESTLAKE HOMES FOR SALENo Email Required! Island on Westlake Neighborhood Map
Island on Westlake is located off Westlake Drive. To get to Island on Westlake, take 360 to Westlake Drive and head east. Make a left on Island Knoll Drive. Island on Westlake is shaded in blue on the map below. Explore other West Austin neighborhoods in our West Austin Neighborhood Guide. Scroll down to continue reading our Island on Westlake neighborhood guide.
Island on Westlake Schools
Homes in West Austin’s Island on Westlake neighborhood are zoned to the Eanes ISD, and students will likely attend the following schools:
- Bridge Point Elementary - 10/10
- Hill Country Middle - 10/10
- Westlake 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.
Island on Westlake Property Tax Rate
The property tax rate in West Austin’s Island on Westlake neighborhood is 1.4019% as of the 2025 tax year, down from 1.4089% as of the 2024 year. It was 1.3669% as of the 2023 tax year, down from 1.4941% as of the 2022 tax year.
Island at Westlake Sold Data – What Island at Westlake Homes Actually Sold For
What sold recently in Island at Westlake and for how much? Understanding actual closed sales — not just list prices — is the clearest way to gauge what’s happening in the local market right now.
For a deeper look at pricing trends across the area, check out our Island at Westlake Sold Data Report.
Island at Westlake Market Stats — 12 Months (10/1/2025 – 9/30/2026)
No closed sales in Island at Westlake over the past 12 months (10/1/2025 – 9/30/2026).
No MUD or PID appears on the 2026 tax bills of the Island on Westlake homes we checked.
Island on Westlake HOA Dues
| The Island on Westlake Homeowners Association | $5,500 / 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.
Island at Westlake Home Price History
Curious how home prices in Island at Westlake 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 | 0 | — | — | — | — | — | — | — | — |
| 2024 | 1 | $8,000,000 | — | $8,000,000–$8,000,000 | $989 | 8,090 sq ft | 5bd/8ba | 262 days | 89% |
| 2025 | 0 | — | — | — | — | — | — | — | — |
| 2026 YTD | 0 | — | — | — | — | — | — | — | — |
Data sourced from Unlock MLS (ACTRIS). 2026 figures reflect year-to-date sales through 10/13/2026. Year-over-year change is calculated against the most recent prior year with recorded sales. Statistics deemed reliable but not guaranteed.
Island at Westlake Days on Market Trend
How fast are Island at Westlake 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 | 0 | No sales | No sales |
| 2024 | 1 | 262 days | 262 days |
| 2025 | 0 | No sales | No sales |
| 2026 YTD | 0 | No sales | No sales |
Data sourced from Unlock MLS. 2026 figures reflect year-to-date sales through October 2026. Statistics deemed reliable but not guaranteed.
West Austin Realtor Specializing in Island on Westlake
Rebecca Jacks and Raymond Stoklosa are West Austin Realtors specializing in Island on Westlake homes. Whether you’re looking to buy or sell a home in Island on Westlake, 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 Island on Westlake and Selling a Home in West Austin.
Island on Westlake FAQ
No. Island on Westlake does not have a community pool.