Market Overview for Zip Code 78738
There are 224 active listings in Zip Code 78738 with a median list price of $975K and a median sold price of $915K.
Homes average 64 days on market.
Over the past 30 days, 58 homes have sold, with 675 sales in the past 12 months.
The average price per square foot is $387.
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 9,144 residents at the 2020 census, 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 is a golf course community of homes roughly 2,200 to 5,000 square feet built around Falconhead Golf Club. Spanish Oaks is a gated community built around a private golf course, with large custom homes on wooded Hill Country lots. Lake Pointe is an established subdivision off FM 620 toward the lake, and condominiums and townhomes sit near the Hill Country Galleria. Newer subdivisions continue to open on the western and southern fringes of the zip code. Current listing counts and median price are shown on the Market Overview tab.
Students in 78738 attend Lake Travis ISD, which serves 10,771 students (2025-26) across 11 campuses — seven elementary schools, three middle schools, and one high school. Elementary schools in the area include Bee Cave Elementary and Lake Pointe Elementary. Lake Travis Middle School covers 6th through 8th grade and enrolled 1,013 students in 2025-26. Lake Travis High School enrolled 3,427 students in 2025-26 and maintains a four-year graduation rate of 95.5 percent (class of 2024). The district earned an A rating (91 of 100) in the Texas Education Agency's 2026 accountability release, and the high school's football program has won six UIL state championships (2007-2011 and 2016).
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, an adjacent center where a Trader Joe's opened in October 2025, 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
Median household income in 78738 exceeds $140,000. The area attracts buyers seeking Lake Travis ISD schools and newer construction in a Hill Country setting within reasonable commuting distance of Austin's employment centers. The area also includes golf course communities and gated subdivisions. Many working residents commute to offices along the MoPac corridor, in downtown Austin, or in the southwest Austin technology campuses.
The Hill Country Galleria serves as the commercial hub of the area, anchored by Whole Foods Market, Dillard's, Barnes & Noble, Dick's Sporting Goods, and a Cinemark theater, with restaurants and seasonal events on its outdoor plaza. A Trader Joe's opened in October 2025 at the adjacent Shops at the Galleria. Falconhead Golf Club is an 18-hole, par-72 public course that opened in 2003, laid out by architect Chris Gray with the PGA TOUR Design Center. The Backyard at Bee Cave, an outdoor amphitheater that opened in 1993 and hosted national touring acts, is no longer operating as a music venue; the Galleria's own outdoor amphitheater carries seasonal concert programming. Lake Travis is about 10 minutes north via FM 620 for boating and swimming. The area also provides access to Hamilton Pool Preserve, about 20 minutes west, and Hill Country wineries along Highway 290 toward Fredericksburg. Bee Cave Central Park has walking trails, a playground, and sports fields used by youth leagues.
Things to Do in Zip Code 78738
- Hill Country Galleria: Open-air shopping and dining center anchored by Whole Foods Market, Dillard's, Barnes & Noble, Dick's Sporting Goods, and a Cinemark theater, with restaurants and seasonal events on the outdoor plaza.
- Falconhead Golf Club: 18-hole, par-72 public golf course in the Falconhead community, opened in 2003 and laid out by architect Chris Gray with the PGA TOUR Design Center.
- Hamilton Pool Preserve: Travis County natural area about 20 minutes west with a 50-foot waterfall and grotto swimming hole. Reservations required in peak season.
- Bee Cave Central Park: City park with walking trails, playground, sports fields, and a covered pavilion used for community events and youth leagues.
- Lake Travis Access: Lake Travis is about 10 minutes north via FM 620 with boat ramps, marinas, and waterfront restaurants for boating and swimming.
Major Employers in Zip Code 78738
- Lake Travis ISD (Education): Public school district operating 11 campuses and serving 10,771 students (2025-26), with district offices on RR 620 inside the zip code.
- Baylor Scott & White Lakeway (Healthcare): Hospital and medical campus on FM 620 with emergency department and specialty clinics, several hundred employees.
- Whole Foods Market (Retail/Grocery): Anchor grocery store at the Hill Country Galleria and one of the larger retail employers in the Bee Cave area.
- City of Bee Cave (Government): Municipal government providing police, parks, planning, and utility services for the incorporated city.
- Pedernales Electric Cooperative (Utilities): Electric cooperative headquartered in Johnson City serving the Hill Country region with offices in the Bee Cave area.
Zip Code 78738 Schools
78738 is served by Lake Travis ISD with 10,771 students (2025-26) across 11 campuses and a high school four-year graduation rate of 95.5 percent (class of 2024). The district earned an A rating (91 of 100) in TEA's 2026 accountability release.
School District: Lake Travis ISD
Public Schools
Pre-Schools
- Primrose School of Bee Cave - Accredited private preschool near the Hill Country Galleria serving infants through pre-K.
- Bee Cave Montessori - Montessori early childhood program near Highway 71 in Bee Cave.
Private Schools
- Regents School of Austin - Classical Christian school on an 82-acre campus at 3230 Travis Country Circle in southwest Austin, serving kindergarten through 12th grade with approximately 1,100 students.
- International School of Texas - Independent IB World School at 15506-C TX-71 in Bee Cave, serving pre-K through 12th grade across all three International Baccalaureate programmes.
Frequently Asked Questions
What school district is 78738 in?
78738 is served by Lake Travis ISD. Lake Travis High School enrolls approximately 3,427 students (2025-26) and has a four-year graduation rate of 95.5 percent (class of 2024). The district earned an A rating (91 of 100) in TEA's 2026 accountability release.
What kinds of homes are in 78738?
78738 includes master-planned and gated communities such as Falconhead, Spanish Oaks, and Lake Pointe, custom homes on Hill Country lots, and condominiums and townhomes near the Hill Country Galleria. Current listing counts and median price are shown on the Market Overview tab.
How far is Bee Cave from downtown Austin?
Bee Cave is approximately 15 to 20 miles west of downtown Austin. Commute times run 20 to 35 minutes via Highway 71 to MoPac.
What shopping is in Bee Cave?
The Hill Country Galleria is the main shopping center, anchored by Whole Foods Market, Dillard's, Barnes & Noble, Dick's Sporting Goods, and a Cinemark theater. A Trader Joe's opened in October 2025 at the adjacent Shops at the Galleria, and additional retail along the Highway 71 corridor continues to expand.
Is 78738 near Lake Travis?
Lake Travis is about 10 minutes north of Bee Cave via FM 620. Boat ramps, marinas, and waterfront dining are accessible at multiple points along the lake.
