Market Overview for Zip Code 78733
There are 30 active listings in Zip Code 78733 with a median list price of $1.5M and a median sold price of $1.3M.
Homes average 37 days on market.
Over the past 30 days, 8 homes have sold, with 86 sales in the past 12 months.
The average price per square foot is $740.
About Zip Code 78733
Zip code 78733 covers a section of west Austin that includes the neighborhoods of Rob Roy, Cuernavaca, Lost Creek, and portions of the FM 2222 and Bee Caves Road (FM 2244) corridors. The area is positioned roughly 10 to 14 miles west of downtown Austin, nestled in the Balcones Canyonlands with dramatic terrain that includes deep creek valleys, limestone bluffs, and heavy tree canopy. Lake Austin forms part of the eastern boundary, and many properties have views of the lake, downtown skyline, or surrounding Hill Country. This is one of Austin's most established luxury residential areas, with some estates dating to the 1970s and 1980s when the original Rob Roy subdivision was developed.
Real estate in 78733 is primarily large single-family homes on wooded lots ranging from 0.5 to 5 acres or more. The Rob Roy subdivisions (Rob Roy, Rob Roy on the Creek, and Rob Roy West) feature custom-built homes from 3,500 to 10,000 square feet with prices from $1.2 million to over $5 million. Cuernavaca offers homes from 2,500 to 5,000 square feet in the $700K to $1.5 million range. Lost Creek, one of the older neighborhoods, has homes from 2,000 to 4,000 square feet priced from $700K to $1.3 million. The median home price across 78733 is approximately $1.1 million, reflecting the concentration of high-value properties.
Students in 78733 attend Eanes ISD, one of the highest-rated school districts in Texas. Bridge Point Elementary serves pre-K through 5th grade and is located within the zip code. Students feed into Hill Country Middle School for 6th through 8th grade and Westlake High School for 9th through 12th. Westlake High School enrolls approximately 2,873 students (2025-26) and consistently ranks among the top public high schools in the state, with a four-year graduation rate of 97 percent (class of 2024), average SAT scores well above the state median, and a nationally recognized football program that has won multiple state championships.
The primary transportation corridors through 78733 are FM 2222 and Bee Caves Road (FM 2244), which connect west toward Bee Cave and east toward MoPac and central Austin. Walsh Tarlton Lane and Westbank Drive provide alternative connections to Loop 360 and MoPac. Commute times to downtown Austin are typically 15 to 25 minutes via MoPac from the eastern portions of the zip code, though the hilly roads and limited direct routes can add time from properties deeper in the western sections. The Westbank Market and nearby shops on Bee Caves Road provide limited retail. Barton Creek Square mall is about 10 minutes east, and the Hill Country Galleria in Bee Cave is about 10 minutes west.
Living in Zip Code 78733
The area has a high rate of owner-occupied single-family homes, with very limited rental inventory. Daily life in 78733 centers on the home, school, and outdoor recreation. Westlake Country Club, renamed from Lost Creek Country Club in 2023, is a private club offering golf, tennis, swimming, and dining. Wild Basin Wilderness Preserve, a 227-acre tract managed by St. Edward's University, is located within the zip code and provides 2.5 miles of hiking trails through protected woodland. Lake Austin is accessible from nearby boat ramps and private docks, and kayaking and paddleboarding on the lake are common weekend activities. Dining options include upscale restaurants along Bee Caves Road in West Lake Hills and Bee Cave, including Trattoria Lisina and Jack Allen's Kitchen. H-E-B on Bee Caves Road serves as the primary grocery store, with Central Market on North Lamar about 15 minutes east. The annual Eanes ISD community events and Westlake High School football games are significant social gathering points for residents.
Frequently Asked Questions
What school district is 78733 in?
78733 is served by Eanes ISD, one of the highest-rated school districts in Texas. Students attend Westlake High School, which consistently ranks among the top public high schools in the state.
What is the median home price in 78733?
The median home price in 78733 is approximately $1.1 million. Prices range from about $700K in Lost Creek and Cuernavaca to over $5 million for large estates in Rob Roy.
How far is 78733 from downtown Austin?
78733 is 10 to 14 miles from downtown Austin. Commute times from the eastern portions are typically 15 to 25 minutes via MoPac. Properties deeper in the western sections may require 30 minutes.
Is 78733 near Lake Austin?
Lake Austin borders the eastern edge of 78733. Several boat ramps and private docks provide access for kayaking, paddleboarding, and motorboating. Oracle's campus sits directly on the lakefront.
What is Rob Roy in Austin?
Rob Roy is a collection of luxury subdivisions in 78733 including Rob Roy, Rob Roy on the Creek, and Rob Roy West. Homes range from 3,500 to 10,000 square feet on wooded lots of 0.5 to 5+ acres.
