Market Overview for Lakewood
There are 14 active listings in Lakewood with a median list price of $479K and a median sold price of $563K.
Homes average 34 days on market.
Over the past 30 days, 4 homes have sold, with 18 sales in the past 12 months.
The average price per square foot is $309.
About Lakewood
Lakewood is a scenic Northwest Austin neighborhood nestled in the valley between the Northwest Hills and Jester neighborhoods along Bull Creek, located off Loop 360 (Capital of Texas Highway) between RM 2222 and Spicewood Springs Road. The community is defined by its dramatic Hill Country terrain, towering live oaks, and direct proximity to the 48-acre Bull Creek District Park just across Loop 360.
Homes in Lakewood were built primarily in the late 1970s and 1980s, with prices typically ranging from $500,000 to $900,000. The housing stock includes ranch-style homes, garden homes, townhomes, and custom residences built into the hillside terrain. Many properties have been extensively renovated from their original designs, and a section of the neighborhood features lots exceeding one acre. The median home offers approximately 1,900 square feet with three bedrooms.
Lakewood is served by the Austin Independent School District (Austin ISD). Students typically attend Doss Elementary, Murchison Middle School, and Anderson High School. Doss Elementary is a National Blue Ribbon School recognized for its Mandarin-English dual language immersion program, making it one of the most in-demand elementary campuses in Austin ISD.
The Loop 360 location provides convenient access to both downtown Austin (approximately 15 minutes south) and Lake Travis (approximately 15 minutes north). MoPac Boulevard and the Arboretum shopping area are within 10 minutes. The neighborhood's amenities include a community clubhouse, swimming pool, tennis courts, and playground, complementing the natural recreation available at adjacent Bull Creek District Park.
Living in Lakewood
Lakewood offers a combination of Hill Country terrain and urban accessibility that draws buyers seeking a natural setting without a lengthy commute. Homes in the $500K-$900K range sit on wooded, hilly lots with mature oaks, and the neighborhood's position directly across from Bull Creek District Park provides 48 acres of trails, creek swimming, and green space as an extension of daily life.
The Austin ISD school assignments are a significant draw, particularly Doss Elementary's National Blue Ribbon designation and Mandarin dual language program. Loop 360 connects residents to downtown Austin in 15 minutes and Lake Travis in 15 minutes, while the Arboretum and MoPac corridor are within 10 minutes. The community pool, clubhouse, and tennis courts add private amenities to a neighborhood already defined by its natural setting.
Things to Do in Lakewood
- Bull Creek District Park: 48-acre city park directly across Loop 360 with hiking trails, creek swimming holes, picnic areas, and a dog-friendly section — one of Austin's most popular outdoor recreation destinations.
- Lakewood Community Pool & Clubhouse: Private neighborhood amenities including a swimming pool, tennis courts, clubhouse, and playground for residents.
- Arboretum at Great Hills: Shopping center within 10 minutes featuring 40+ stores, restaurants, and services.
- Loop 360 Scenic Drive: Capital of Texas Highway winding through the Hill Country with scenic overlooks and the well-known Pennybacker Bridge.
- Lake Travis: Major Highland Lakes reservoir approximately 15 minutes north, offering boating, swimming, waterfront dining, and lake parks.
Major Employers in Lakewood
- National Instruments (NI) (Technology): Headquarters near the Arboretum, within 10 minutes
- Apple (Technology): Austin campus on US-183, approximately 10-15 minutes east
- The Domain Employers (Technology): Meta, Indeed, Google offices approximately 15 minutes north via MoPac
- 3M (Manufacturing & Technology): Research Boulevard campus within 10 minutes
- Ascension Seton Northwest (Healthcare): Hospital on MoPac serving Northwest Austin, approximately 10 minutes
Lakewood Schools
Lakewood is served by Austin ISD. Students typically attend Hill Elementary for elementary school, Murchison Middle School for middle school, and Anderson High School or Austin High School for high school.
School District: Austin ISD
Public Schools
- Hill Elementary
- Murchison Middle
Pre-Schools
- Stepping Stone School - Great Hills - Early education and preschool in the Northwest Austin area
- Children's Courtyard - Spicewood Springs - Early childhood learning center near Spicewood Springs Road
Private Schools
- Summit Christian Academy - Private school in Northwest Austin offering K-12 education
Frequently Asked Questions
Where is Lakewood in Austin?
Lakewood is a Northwest Austin neighborhood located off Loop 360 between RM 2222 and Spicewood Springs Road, nestled in the valley along Bull Creek between the Northwest Hills and Jester communities.
How much do homes cost in Lakewood Austin?
Homes in Lakewood typically range from $500,000 to $900,000. The neighborhood features late 1970s-80s homes on wooded Hill Country lots, many extensively renovated, with some lots exceeding one acre.
What school district is Lakewood Austin in?
Lakewood is served by Austin ISD. Students attend Doss Elementary (a National Blue Ribbon School with a Mandarin dual language program), Murchison Middle School, and Anderson High School.
How far is Lakewood from downtown Austin?
Lakewood is approximately 15 minutes from downtown Austin via Loop 360. Lake Travis is about 15 minutes north, and the Arboretum shopping area is within 10 minutes.
What makes Lakewood a notable neighborhood?
Lakewood combines dramatic Hill Country terrain with direct access to Bull Creek District Park, highly rated Austin ISD schools including Doss Elementary, and a central Loop 360 location between downtown Austin and Lake Travis. Private amenities include a pool, clubhouse, and tennis courts.