Market Overview for Zip Code 78738

There are 228 active listings in Zip Code 78738 with a median list price of $1.0M and a median sold price of $800K.

Homes average 65 days on market.

Over the past 30 days, 61 homes have sold, with 651 sales in the past 12 months.

The average price per square foot is $359.

About Zip Code 78738

Zip code 78738 covers the Bee Cave and Lakeway areas of southwest Travis County, situated along the Highway 71 corridor between Oak Hill and Lake Travis. The area extends roughly from Highway 71 on the north to the Hays County line on the south, and from FM 620 on the east to Hamilton Pool Road on the west. Bee Cave, an incorporated city of approximately 7,000 people, serves as the commercial center of the zip code. The terrain is hilly with limestone bluffs, seasonal creek drainages, and mixed oak and juniper woodland. The area sits approximately 15 to 20 miles west of downtown Austin and has experienced significant residential and commercial growth since the early 2000s.

Real estate in 78738 includes master-planned communities, gated subdivisions, and custom homes on Hill Country lots. Falconhead, a golf course community, features homes from 2,200 to 5,000 square feet priced from $550K to $1.2 million. Spanish Oaks, a gated community with a private golf course, has homes from $1 million to $4 million. Lake Pointe offers family-oriented housing from $475K to $750K. The median home price across 78738 is approximately $675K. Condominiums and townhomes near the Hill Country Galleria provide options from $350K to $550K. Newer subdivisions continue to open on the western and southern fringes of the zip code.

Students in 78738 attend Lake Travis ISD, which serves approximately 11,500 students across 11 campuses. Elementary schools in the area include Bee Cave Elementary and Lake Pointe Elementary. Lake Travis Middle School covers 6th through 8th grade with approximately 1,200 students. Lake Travis High School enrolls about 3,000 students and maintains a graduation rate above 97 percent. The district is known for strong college preparation, competitive athletics including a five-time state championship football program, and performing arts programs.

Highway 71 provides the primary east-west transportation route through 78738, connecting east to MoPac and downtown Austin and west to Bee Cave and Spicewood. FM 620 runs along the eastern edge connecting north to Lake Travis and south to Dripping Springs. Commute times to downtown Austin are typically 20 to 35 minutes via Highway 71 to MoPac. The Hill Country Galleria, an open-air shopping center in Bee Cave, anchors the commercial district with a movie theater, Whole Foods Market, and dozens of restaurants and retailers. The Shops at the Galleria and the Bee Cave commercial corridor along Highway 71 have expanded significantly, reducing the need for trips into central Austin.

Living in Zip Code 78738