Market Overview for Lakeway
There are 219 active listings in Lakeway with a median list price of $950K and a median sold price of $729K.
Homes average 88 days on market.
Over the past 30 days, 40 homes have sold, with 481 sales in the past 12 months.
The average price per square foot is $337.
About Lakeway
Lakeway is a city of approximately 20,000 residents located in Travis County along the southern shore of Lake Travis, about 20 miles west of downtown Austin. The city covers roughly 12 square miles of hilly terrain at elevations ranging from 680 feet at the lake level to over 1,000 feet on the surrounding ridges, with dense live oak and juniper woodland, limestone outcrops, and seasonal creek beds characterizing the landscape. SH-71 and FM 620 are the primary highway connections, linking Lakeway to Bee Cave, the Hill Country Galleria shopping area, and Austin via Loop 360 (Capital of Texas Highway) or MoPac Expressway.
Lakeway's real estate market is positioned in the upper tier of the Austin metro area. Home prices range from the $400,000s for townhomes and smaller homes to well over $2 million for lakefront estates with private boat docks. The median home price sits around $700,000. The city includes several distinct neighborhoods, from the original Lakeway development around the resort and golf courses to newer communities like Rough Hollow, which features a marina, trails, and a swim club. The Hills of Lakeway, Flintrock, and Cardinal Hills add variety to the housing stock. Properties with direct lake access or expansive Hill Country views are the most sought after.
Lake Travis ISD serves Lakeway and is one of the higher-performing districts in the Austin area. The district enrolls approximately 11,500 students across multiple campuses, including Lake Travis High School, which is well known for both academic performance and its football program. Hudson Bend Middle School and elementary campuses including Lakeway Elementary and Bee Cave Elementary serve the Lakeway area. The district has passed several bond elections to fund new facilities as enrollment has grown with residential development.
Lakeway's economy is a mix of professional services, healthcare, hospitality, and retail. Lakeway Regional Medical Center, part of the Baylor Scott & White system, is a major local employer. The Lakeway Resort and Spa, originally developed in the 1960s, sits on the lakefront and includes conference facilities and a marina. Most working residents commute to Austin, with drive times of 25 to 45 minutes depending on the route and traffic. The Oasis on Lake Travis, a multi-level restaurant complex perched on a cliff overlooking the lake, is one of the most recognizable dining venues in the Austin area. Hamilton Pool Preserve, a natural grotto with a 50-foot waterfall, lies about 15 miles to the southwest in the Pedernales River canyon.
Living in Lakeway
Lakeway's median household income exceeds $130,000, placing it among the wealthier communities in the Austin metro. The population is predominantly White, with a median age in the low 40s. Approximately 60% of adults hold a bachelor's degree or higher. The demographic composition is roughly 80% White, 10% Hispanic, 5% Asian, and 2% Black. Residents tend to be established professionals and executives working in Austin's technology, finance, healthcare, and legal sectors, with a significant number of dual-income households.
