Market Overview for Lakewood Estates

There are 3 active listings in Lakewood Estates with a median list price of $865K and a median sold price of $518K.

Homes average 84 days on market.

Over the past 30 days, 1 homes have sold, with 2 sales in the past 12 months.

The average price per square foot is $458.

About Lakewood Estates

Lakewood Estates is a residential subdivision in the Spicewood area of western Travis County, Texas, situated along the northern shore of Lake Travis. The community is located off Highway 71 west of Bee Cave and Lakeway, within the 78669 zip code. Lakewood Estates sits in the rolling Hill Country terrain characteristic of this part of Travis County, with mature live oak and juniper woodland surrounding the homes. The neighborhood provides relatively easy access to both the lake and the rural character of the Spicewood area while remaining within a 30- to 40-minute drive of downtown Austin.

Homes in Lakewood Estates are primarily single-family residences on lots ranging from a quarter acre to over an acre, with construction dating from the 1990s through the 2010s. The housing stock includes a mix of one-story ranch-style homes and larger two-story custom builds, with prices varying based on lot size, lake proximity, and recent renovations. Properties with direct lake access or views command a significant premium over interior lots.

Lakewood Estates is served by Lake Travis Independent School District, which covers approximately 118 square miles of western Travis County. Students in this area typically attend Bee Cave Elementary, Bee Cave Middle School, and Lake Travis High School. Lake Travis ISD has earned consistent TEA Met Standard ratings across its campuses and has expanded facilities through multiple bond elections to accommodate enrollment growth in the Lakeway, Bee Cave, and Spicewood communities.

The Spicewood area offers a quieter, more rural lifestyle compared to the increasingly developed Bee Cave and Lakeway corridors to the east. Highway 71 provides the primary commute route to Austin, with travel times of 30 to 45 minutes depending on traffic. The Hill Country Galleria in Bee Cave, approximately 10 miles east, serves as the nearest full-service retail and dining center. Lake Travis itself is the dominant recreational amenity, with multiple public boat ramps, marinas, and swimming areas accessible within a short drive.

Living in Lakewood Estates

Residents of Lakewood Estates live in a semi-rural Hill Country setting where the pace is slower than the Austin suburbs closer to town. The Spicewood area has a small commercial node along Highway 71 with a few restaurants, a post office, and convenience services, but most shopping and dining trips involve driving east to Bee Cave or Lakeway. The Hill Country Galleria, H-E-B in Bee Cave, and the Shops at the Galleria handle the majority of grocery and retail needs. Medical care is available at Baylor Scott & White clinics in Lakeway, with the nearest full-service hospitals in Austin proper.