What is pricing like in Hills of Lakeway?

In the 12 months ending October 8, 2026, 103 homes sold in Hills of Lakeway at a median price of $948K (Keenan Luxury Market Index, from MLS closed sales). Prices range significantly by product type, size, condition, floor plan, and proximity to amenities. For price bands, sales-through, and a property-specific valuation, contact the Keenan Group for a market brief.

What is Hills of Lakeway known for?

Hills of Lakeway is a residential neighborhood in Austin, Texas (ZIP 78738) known for Lake Travis ISD school context, established tree canopy, and proximity to downtown Austin. Hills of Lakeway attracts buyers who value address-level school verification, central location, and neighborhood character. The Keenan Group has served Hills of Lakeway buyers and sellers for 25+ years.

What is the median price in Hills of Lakeway?

In the 12 months ending October 8, 2026, 103 homes sold in Hills of Lakeway at a median price of $948K (Keenan Luxury Market Index, from MLS closed sales). Use it as neighborhood context, then request a tailored market brief for current pricing, inventory, price bands, and recent sales.

Which ZIP codes serve Hills of Lakeway?

Hills of Lakeway is primarily served by 78738. We can confirm the exact ZIP code for any property.

Which school district serves Hills of Lakeway?

Hills of Lakeway is primarily served by Lake Travis ISD. We verify school boundaries and campus assignments for each address.

How much inventory is on the market in Hills of Lakeway?

As of October 8, 2026, Hills of Lakeway had 17 active listings (Keenan Luxury Market Index, from MLS data). Inventory changes daily, so contact us for live availability.

What school district serves Hills of Lakeway?

Hills of Lakeway is served by Lake Travis ISD. TEA Accountability Rating: A. GreatSchools: 9/10. The district enrolls 11,230 students with a 16:1 student-teacher ratio.

What are the zoned schools for Hills of Lakeway?

Homes in Hills of Lakeway are zoned to: Elementary: Lakeway Elementary (9/10), Lake Travis Elementary (5/10). Middle: Hudson Bend Middle School (7/10). High: Lake Travis High School (8/10). All schools are within the Lake Travis ISD system.

How do Lake Travis ISD schools affect home values in Hills of Lakeway?

Lake Travis ISD is one of Austin's top-rated school districts with a TEA "A" accountability rating. Properties in Lake Travis ISD boundaries consistently command a premium, and school quality is a primary factor for luxury home buyers in Hills of Lakeway.

Neighborhood listings

17 active listings and 4 under contract or pending

Hills of Lakeway Real Estate Market

Hills of Lakeway market data as of October 2026
Metric	Hills of Lakeway	Lakeway
Median Sold Price (12M)	$948K	$1.06M
Median Days on Market	67 days	44 days
Sale-to-List Ratio	96.2%	90.8%
Median $/sqft (typical home)	$289	$291
Active Listings	17	90
Homes Sold (12M)	103	12
Months of Supply	2.0	90.0

Data as of October 2026. Source: Keenan Group at Compass Real Estate, Austin MLS (ACTRIS). Lakeway reflects closed sales within its city limits over the trailing 12 months.

Schools Near Hills of Lakeway

School district: Lake Travis ISD

Schools zoned to Hills of Lakeway
School	Type	Grades	Rating	Distance
Lakeway Elementary School	Regular	KG-5	A-	0.4 mi
Lake Travis High School	Regular	9-12	A	1.5 mi
Serene Hills Elementary School	Regular	PK-5	A+	1.6 mi
The Magnolia School	Alternative/Other	PK-8	—	2.1 mi
Lake Travis Elementary School	Regular	PK-5	C+	2.1 mi
Lupine Lane	Early Childhood Program/Child Care Center	PK-TKG	—	2.2 mi
The Preparatory School of Bee Cave	Early Childhood Program/Child Care Center	KG-KG	—	2.7 mi
Bee Cave Elementary School	Regular	KG-5	A-	2.8 mi

View all Lake Travis ISD schools and homes by zone →

Hills of Lakeway Community Profile

Median Household Income: $148K
Work from Home: 46.9%
Median Commute: 15 min
Bachelor's Degree+: 44.9%
Graduate Degree: 23.9%
Owner Occupied: 85.0%
Median Age: 51
Population: 12,647

Source: ATTOM Data, U.S. Census. Reported at the neighborhood/community level.

How Hills of Lakeway Compares

Hills of Lakeway compared to nearby neighborhoods
Neighborhood	Median Price	School District	ZIP	Active Listings
Hills of Lakeway (you are here)	$948K	Lake Travis ISD	78738	17
Rough Hollow	$945K	Lake Travis ISD	78738	43
Sweetwater	$690K	Lake Travis ISD	78738	32
Bee Cave	$908K	Lake Travis ISD	78738	25
Serene Hills	$1.3M	Lake Travis ISD	78738	4

Median sale price, trailing 12 months ending October 8, 2026 · Keenan Luxury Market Index, MLS closed sales

Last updated October 3, 2026

What Clients Say About Hills of Lakeway

Real experiences from buyers and sellers in this neighborhood

View all testimonials

We retired from the Bay Area and wanted a golf community that didn't feel pretentious. Cara showed us The Hills, Spanish Oaks, and Barton Creek. The Hills hit the sweet spot — serious golf without the $200K initiation fee. Cara was honest about the trade-offs. The homes are a bit older than Spanish Oaks and the finishes aren't as high-end, but the value is there and the community is welcoming. We joined the Signature membership and play Flintrock three times a week.

K. Dubois

Hills of Lakeway

We were split between The Hills and Rough Hollow. Cara laid out the differences clearly — The Hills has two golf courses and more of a resort community feel, while Rough Hollow has the marina and newer construction. We went with The Hills because of the Flintrock Falls course and the fact that the HOA fees were lower. Cara also pointed out that The Hills has better freeway access if you commute to Austin regularly. That detail sealed it.

S. Adams

Hills of Lakeway

Joe helped us sell our Hills of Lakeway villa when we decided to move to a larger home in the same community. He understood that selling within the same HOA required some finesse — pricing to attract new buyers without undercutting our own future purchase. He timed both transactions so we could close on the sale and the purchase within a week of each other. That coordination saved us from needing temporary housing.

R. Coleman

Hills of Lakeway

Beyond Hills of Lakeway

78738 ZIP Code Guide

Demographics, schools, walkability, and community profile for 78738

78738 Market Data

Active listings, pricing, and sales velocity for 78738

Most Expensive Neighborhoods

Austin's top luxury neighborhoods ranked by median price with live MLS data

Best Neighborhoods

20 Austin neighborhoods ranked by schools, commute, lifestyle, and price

Home Valuation

Get a comp-backed home value range with TCAD context

Austin Schools

District guides, ratings, and school-zone pricing impact

All Neighborhoods

Browse all 58 Austin neighborhood guides

Selling in Austin

Pricing strategies, Compass marketing, and seller resources

Buying in Austin

Buyer paths, off-market access, and school district guidance

Austin's #1 Real Estate Team · 2024 Austin Board of Realtors

The Keenan Group in Hills of Lakeway

Hills of Lakeway home sales at all price points, last 12 months: $948K median sale · 67 median days on market · 96.2% of list

#1ABoR Team 2024

$1B+Career Sales

1000+Homes Sold

25+Years Experience

Source: Keenan Group at Compass · Updated October 2026

Meet the team

Hills of Lakeway - Homes, Schools, and Market Guide

A semi-private golf community in 78734 Lakeway with a Jack Nicklaus-designed course, Lake Travis ISD schools, swim and tennis amenities - 25-35 minutes from downtown Austin.

#1 ABoR Team 2024$1B+ Career Sales1,000+ Homes Sold

Written by Joe and Cara Keenan - 25+ years selling homes in the Lakeway and Lake Travis corridor.

5.0 · 176+ reviews#1 Team - Austin Board of Realtors (2024)$1B+ career sales1,000+ transactions

Austin Neighborhood Guide

Hills of Lakeway Neighborhood Guide - Austin Luxury Real Estate

Hills of Lakeway homes for sale in 78734. Lake Travis ISD, Jack Nicklaus golf course, swim and tennis. Austin's #1 team.

Who is the best realtor in Hills of Lakeway?

The Keenan Group at Compass is the #1 Austin Board of Realtors team (2024), with 25+ years, 1,000+ homes sold, and $1B+ in career volume serving Hills of Lakeway. Joe and Cara Keenan represent buyers and sellers in Hills of Lakeway with data-driven pricing, full-scale marketing, and direct access to qualified luxury buyers.

Source: Keenan Group at Compass Real Estate, Austin TX

Luxury Buyer Fit Snapshot

Compare Hills of Lakeway on price, schools, and lifestyle access before scheduling private tours.

Buyer Fit

Best for buyers evaluating current inventory depth and value pockets in Hills of Lakeway.

Lifestyle Fit

Lake Travis ISD (78738) helps anchor school-driven search and day-to-day livability.

Seller Fit

17 active listings means pricing precision and premium positioning matter for faster offer quality.

View Homes for Sale Compass Private Exclusives What's Your Hills of Lakeway Home Worth?Tour Hills of Lakeway with Austin's #1 Team

Keenan Group Authority

#1 Team - Austin Board of Realtors (2024)25+ Austin experience$1B+ career volume

Call (512) 415-7653 keenan@compass.com

ZIP codes: 78738
School district: Lake Travis ISD
Active listings: 17 active listings

What is Hills of Lakeway like?

Hills of Lakeway (also known as The Hills) is a semi-private golf community in Lakeway, 78734, about 25-35 minutes west of downtown Austin. In the 12 months ending October 8, 2026, 103 homes sold in Hills of Lakeway at a median price of $948K (Keenan Luxury Market Index, from MLS closed sales). The community features a Jack Nicklaus-designed 18-hole golf course, swim center, tennis facility, and a range of single-family homes. The community is served by Lake Travis ISD.

Hills of Lakeway homes for sale

Semi-private golf community in Lakeway, 78734, 25-35 minutes from downtown
Lake Travis ISD: Lake Travis Elementary, Lake Travis Middle, Lake Travis High School

Source: Written by Joe and Cara Keenan - 25+ years selling homes in the Lakeway and Lake Travis corridor.

Hills of Lakeway At A Glance

ZIP

78738

School District

Lake Travis ISD

Median Price

$948K

Active Listings

Median DOM

67 days

Median $/sqft

$289

Trailing 12 months ending October 8, 2026 · Keenan Luxury Market Index, MLS closed sales

Map & Boundary

Hills of Lakeway Neighborhood Map

Active Listings

Loading Map...

Overview

Why Buyers Choose Hills of Lakeway

Hills of Lakeway is where the golf community lifestyle meets an accessible price point. For buyers who want golf, swim, and tennis amenities with Lake Travis ISD schools without crossing into seven-figure territory, The Hills delivers.

The housing stock is diverse - from 1980s-era original homes to 2000s construction and some recent renovations. Homes range from 1,500 to 4,000+ square feet, with a mix of patio homes, single-family detached, and larger estate-style properties. The variety of housing types and price points makes the community accessible to a wide range of buyers, including move-up buyers.

Jack Nicklaus-designed 18-hole course is the community anchor. The course is semi-private, meaning non-residents can also play, but residents get priority tee times and membership rates.
Swim center and tennis facility provide year-round recreation beyond golf. The swim center is a primary draw during Austin's long summers.
Lake Travis ISD schools serve the community. The school path includes Lake Travis Elementary, Lake Travis Middle, and Lake Travis High School.

Market Data

Current Hills of Lakeway Market Data

In the 12 months ending October 8, 2026, 103 homes sold in Hills of Lakeway at a median price of $948K, with a median of 67 days on market and a median of $289 per square foot (Keenan Luxury Market Index, from MLS closed sales).

As of October 8, 2026, Hills of Lakeway had 17 active and 4 pending listings, with 2.0 months of supply and a 96% sale-to-list ratio in the 12 months ending October 8, 2026.

Median sale price, 12 months ending October 8, 2026: $948K
Closed sales, 12 months ending October 8, 2026: 103
Active listings as of October 8, 2026: 17
Product filter: Single Family Residence only
Price bands: review the live comp set by property type, lot, condition, and street-level position

Location & Commute

Daily Geography in Hills of Lakeway

Hills of Lakeway is located in central Lakeway off FM 620 and Hills Drive. The community sits within easy reach of Lakeway's commercial corridor and Bee Cave's retail infrastructure.

Daily life runs through the FM 620 and Highway 71 corridors. H-E-B, restaurants, and medical offices are within 5-10 minutes along FM 620 and Lakeway Boulevard.

Downtown Austin: 25-35 minutes via Highway 71 or FM 620; 40+ during peak hours.
Lakeway commercial (FM 620 corridor): 5 minutes for grocery, dining, and services.
Bee Cave / Hill Country Galleria: 10-15 minutes east.
Austin-Bergstrom Airport: 35-45 minutes via Highway 71 to 130 Toll.
Lake Travis boat ramps: 10-15 minutes.
Westlake Hills: 20-25 minutes via FM 620.

Culture

Local Anchors That Shape the Community

Hills of Lakeway is anchored by its own amenity infrastructure - the golf course, swim center, and tennis facility create a self-contained social world within the community. Residents who join the club find that their daily recreation, social events, and many meals happen within the neighborhood.

Jack Nicklaus golf course: The 18-hole course is the primary draw and social anchor. Regular tournaments, leagues, and social golf keep the community active year-round.
Swim center: The pool complex is a community anchor from May through September and a major selling point for buyers.
Tennis facility: Multiple courts with organized leagues, clinics, and social play.
Lakeway commercial corridor: The FM 620 shopping and dining area serves daily needs within a 5-minute drive.
Lake Travis ISD schools: School activities and sports connect Hills of Lakeway residents to the broader community.
Lakeway City Park: The municipal park with playground, seasonal pool, and event space is nearby and supplements the community's own amenities.

The growth happening around Lakeway - new retail, restaurants, and medical facilities - benefits Hills of Lakeway residents without increasing density within the community itself. The neighborhood is built out, so the value proposition is the existing amenity package and the improving surrounding infrastructure.

Comparison

How Hills of Lakeway Compares to Nearby Alternatives

Hills of Lakeway buyers compare with Lakeway general market, Canyon Ranch, Sweetwater, and Flintrock Falls. The decision usually comes down to amenity preferences and renovation tolerance.

Completely different price tiers, but both offer golf community living in Lakeway.
Compared with Lakeway Resort area: The Lakeway Resort has its own courses (Live Oak, Yaupon) and a resort atmosphere. The Hills offers a more residential feel with a standalone course and lower prices.
Choose The Hills for golf; Sweetwater for newer homes and community programming.
Compared with Canyon Ranch: Canyon Ranch has similar pricing without golf course amenities. The Hills charges club dues but delivers the course, swim, and tennis infrastructure that Canyon Ranch lacks.

Keenan Group

The Keenan Perspective on Hills of Lakeway

#1 ABoR Team 2024$1B+ Career Sales1,000+ Homes Sold

Hills of Lakeway is our top recommendation for buyers who want the golf community experience in the Lake Travis ISD zone without a seven-figure budget.

The renovation opportunity is the real story here. The math works because the lot locations - golf course frontage, hill views - cannot be replicated.

#1 Austin Board of Realtors Team in 2024
$1B+ career volume and 1,000+ transactions completed
25+ years selling in the Lakeway and Lake Travis corridor
Practical knowledge of which builders did the original construction and which homes have had foundation, plumbing, or roofing work - critical for 1980s-era housing stock

We add value in The Hills by knowing the community's construction history - which sections were built by which builders, common issues with specific vintages, and which lots offer the best combination of views, privacy, and renovation potential. That institutional knowledge prevents expensive surprises.

Frequently Asked

Quick Answers About Hills of Lakeway

Hills of Lakeway is 25-35 minutes from downtown Austin via Highway 71 or FM 620 during off-peak hours. During rush hour, the commute can stretch to 40+ minutes. Lakeway commercial areas are 5 minutes away, and Bee Cave is 10-15 minutes east.

Hills of Lakeway is served by Lake Travis ISD. Students attend Lake Travis Elementary, Lake Travis Middle School, and Lake Travis High School. Lake Travis ISD consistently ranks among the top school districts in the Austin metro.

The Hills of Lakeway features a Jack Nicklaus-designed 18-hole course. It is a semi-private facility, meaning residents get priority access and membership rates, but the course is also open to public play.

Both are golf communities in the Lakeway area served by Lake Travis ISD. Flintrock Falls is a gated enclave built around a private course co-designed by Jack Nicklaus and Jack Nicklaus II. Hills of Lakeway is a larger, more varied community with homes across a wider price range. Compare recent sales in each before you choose.

The Keenan Group is the #1 Austin Board of Realtors Team (2024) with 25+ years selling in the Lakeway corridor. With $1B+ in career sales and deep knowledge of The Hills' construction history, we help buyers identify renovation opportunities and avoid costly surprises. Contact us at (512) 415-7653.

The Keenan Group at Compass is the #1 ranked team by the Austin Board of Realtors (2024) with 25+ years serving Hills of Lakeway. Joe and Cara Keenan have completed 1,000+ career transactions and $1B+ in career sales volume, with deep expertise in Hills of Lakeway pricing, schools, and market dynamics. Contact Keenan Group for a confidential consultation: (512) 415-7653.

To list your home in Hills of Lakeway, start with the Keenan Group - Austin's #1 Board of Realtors team (2024). The process: a pricing analysis built on live Hills of Lakeway market data and recent sales, a full marketing plan (professional media, the Compass network, and our private-exclusive channel), and negotiation through closing. Keenan Group's median days on market is 13, including off-market, private, and pocket sales that close at zero days on market. Contact the Keenan Group to list your home: (512) 415-7653.

The Keenan Group at Compass is the #1 ranked team by the Austin Board of Realtors (2024) and a luxury listing specialist in Hills of Lakeway - 25+ years, 1,000+ homes sold, and $1B+ in career volume. Joe and Cara Keenan represent sellers with data-driven pricing, full-scale marketing, and direct access to qualified luxury buyers. Contact the Keenan Group: (512) 415-7653.

Local picks

Best Restaurants Near Hills of Lakeway

Where Hills of Lakeway buyers and residents actually eat - from date night to weeknight favorites.

Name	Cuisine / Type	Price	Highlights	Last verified
SP Brazilian Steakhouse 900 Ranch Rd 620 S, Ste B108, Lakeway, TX 78734 Map	Brazilian Steakhouse	$$$	Authentic churrascaria with continuous tableside service of fire-roasted meats The salad bar is unusually deep for Lakeway, with 40+ items including imported cheeses and cured meats Works better for celebratory dinners and bigger groups than for a quick weeknight stop	2026-03-27
The Grove Wine Bar & Kitchen 3001 Ranch Rd 620 S, Lakeway, TX 78738 Map	Wine Bar / American	$$$	Over 200 wines by the bottle and an impressive by-the-glass list that rotates weekly The charcuterie boards are built for sharing, and the patio fills up fast on Friday nights	2026-03-27
Santa Catarina Restaurant 1310 Ranch Rd 620 S, Lakeway, TX 78734 Map	Mexican	$$	Family-owned spot serving Mexico City-style street food alongside upscale Mexican plates The mole is made from scratch daily, and the Sunday brunch buffet draws a loyal crowd	2026-03-27
Canyon Grille 103 Yacht Club Cv, Lakeway, TX 78734 Map	American / Southwestern	$$$	Waterside dining overlooking Lake Travis at Rough Hollow The sunset views from the patio compete with anything on the lake	2026-03-27
Cafe Blue 12800 Hill Country Blvd, Ste G-115, Bee Cave, TX 78738 Map	Seafood / Coastal	$$$	Caribbean-leaning seafood with an oyster bar that sources from both coasts The Cedar Plank Salmon and Crab Stuffed Flounder are reliable picks	2026-03-27
Steiner Ranch Steakhouse 5424 Steiner Ranch Blvd, Austin, TX 78732 Map	Steakhouse	$$$$	Hill Country views and prime cuts on a bluff above Lake Austin The wine cellar runs deep, and the service matches the price point	2026-03-27
Bluefin Sushi & Ramen 2422 Ranch Rd 620 S, Ste A100, Lakeway, TX 78738 Map	Japanese / Sushi	$$	The closest quality sushi to The Hills Solid rolls, fresh nigiri, and a ramen menu that hits when the weather drops below 50	2026-03-27
Tikka House Indian Eatery 3100 Ranch Rd 620 S, Ste 100, Lakeway, TX 78738 Map	Indian	$$	Traditional Indian dishes with a focus on tandoori and curry preparations Opened in 2025 and quickly became a local favorite for its butter chicken and garlic naan	2026-03-27
Hops & Thyme 2125 Lohmans Crossing Rd, Ste 400, Lakeway, TX 78734 Map	American Gastropub	$$	Thirty-six craft beers on tap and an oak-shaded patio that feels like a backyard party The burger and wings are the go-to orders	2026-03-27
Don Mario Mexican Restaurant 1113 Ranch Rd 620 N, Lakeway, TX 78734 Map	Mexican	$$	Locals argue about whether Santa Catarina or Don Mario has the better enchiladas Don Mario wins on atmosphere - colorful, lively, and the kind of place where the staff remembers your order	2026-03-27
MorninGlory 2121 Lohmans Crossing Rd, Lakeway, TX 78734 Map	Breakfast / Brunch	$$	The breakfast and brunch spot Lakeway was missing Weekend lines can stretch out the door by 9:30 AM	2026-03-27
Sixty Three Restaurant & Bar 101 Lakeway Dr, Lakeway, TX 78734 Map	American Fusion	$$$	Inside Lakeway Resort & Spa, named for the year Lakeway was founded Chef-driven menu with seasonal rotations and a solid cocktail bar	2026-03-27
Sakura Sushi & Bar 1945 Medical Dr, Ste 500, Lakeway, TX 78734 Map	Japanese / Chinese	$$	Serves both Japanese and Chinese dishes, which would normally raise a flag, but they pull it off The sashimi platter is fresh, and the General Tso's satisfies the kids while parents work through the sake list	2026-03-27
The Oasis on Lake Travis 6550 Comanche Trl, Austin, TX 78732 Map	Tex-Mex / American	$$	Largest outdoor restaurant in Texas, perched 450 feet above Lake Travis The food is fine - you come here for the sunset	2026-03-27

Local picks

Best Trails & Outdoor Spots Near Hills of Lakeway

Trails and outdoor activities that buyers and locals ask about most.

Name	Highlights
Hamilton Greenbelt Map	5.1 miles out-and-back, Easy to Moderate, Hiking / Mountain Biking The default after-work trail for Hills residents
Canyonlands Nature Preserve Map	1.5 miles loop, Moderate, Hiking / Nature Walk Twenty-four acres of canyon scenery above the Rough Hollow Cove arm of Lake Travis
Lakeway City Park Trail Map	1.5 miles loop, Easy, Walking / Jogging Paved Lake Loop Trail that circles the entire park with direct Lake Travis views
River Place Nature Trail Map	5.5 miles out-and-back, Moderate to Hard, Hiking The serious hike in the area - 833 feet of elevation gain through limestone canyons with Lake Travis overlooks
Pace Bend Park Map	9+ miles of trails, Easy to Moderate, Hiking / Swimming / Camping Travis County park on a peninsula jutting into Lake Travis
Flintrock Falls Golf Course Trails Map	Various cart paths and walking trails, Easy, Walking / Nature Walk Members-only walking paths along the Nicklaus-designed course that wind through native Hill Country terrain
Turkey Creek Trail Map	2.7 miles out-and-back, Moderate, Hiking Located within Emma Long Metropolitan Park

Local picks

Things To Do Near Hills of Lakeway

Family favorites, date night ideas, and local experiences close to the neighborhood.

Name	Highlights
The Hills Country Club Golf Map	72 holes across four championship courses The Jack Nicklaus Signature Course and Flintrock Falls co-designed with Jack Nicklaus II are the headliners, with Yaupon and Live Oak rounding out the options
World of Tennis Sports Complex Map	Now branded as Elevation Athletic Club Fifteen tennis courts (including two indoor climate-controlled), nine pickleball courts, league play, junior programs, and tournaments
Hills Community Pools & Aquatics Map	Two resort-style pools including a junior Olympic lap pool, splash pad, and water slide Swim leagues, lessons, and fitness classes run year-round
Lake Travis Water Sports Map	Over 50 boat rental venues on Lake Travis offering everything from jet skis to luxury yachts Paddleboarding, kayaking, wakeboarding, and fishing are all within a 10-minute drive
Lake Travis Zipline Adventures Map	Longest and fastest zipline in Texas, crossing high above Lake Travis Five lines total with the longest spanning 2,800 feet
Lakeway Resort & Spa Map	Full-service resort with spa treatments, multi-pool complex (adult pool with swim-up bar, kids pool with waterslide), and the Sixty Three restaurant Hills residents use the spa for day visits and host out-of-town guests here when their own guest room is full
Hill Country Galleria Map	Open-air shopping center in Bee Cave with a mix of national retailers, local boutiques, restaurants, and a movie theater Regular live music on the lawn and seasonal events
Lakeway Activity Center Map	Over 8,000 square feet of community space hosting everything from youth programs to community theater to live concerts The City of Lakeway runs programming here that keeps retirees and families equally engaged
Mansfield Dam Park Map	The largest public boat ramp on Lake Travis plus swimming coves, picnic areas, and fishing Views from the dam itself are impressive

Continue the Search

Hills of Lakeway Support Pages

Our Results Home Valuation Client Reviews Luxury Collection Private Listings Austin Schools 78738 Hills of Lakeway Homes for Sale The Hills Country Club

Hills of Lakeway Homes for Sale

Browse active listings in Hills of Lakeway with photos, pricing, and open house schedules.

78738 ZIP Guide

Demographics, schools, walkability, and community profile for ZIP 78738.

Lake Travis ISD

School ratings, enrollment data, and campus profiles for Lake Travis ISD.

Our Results

1,000+ homes sold over our career. See our track record and client results.

Compare

How Hills of Lakeway Compares

Side-by-side comparison with similar Austin neighborhoods based on price range, school district, and location.

Hills of LakewayCurrent

Median Price$948K

Active Listings17

Rough Hollow

Median Price$945K

Active Listings43

View Guide

Sweetwater

Median Price$690K

Active Listings32

View Guide

Bee Cave

Median Price$908K

Active Listings25

View Guide

Serene Hills

Median Price$1.3M

Active Listings4

View Guide

Neighborhood	Median Price	Active Listings	Guide
Hills of LakewayCurrent	$948K	17	You're here
Rough Hollow	$945K	43	View Guide
Sweetwater	$690K	32	View Guide
Bee Cave	$908K	25	View Guide
Serene Hills	$1.3M	4	View Guide

Median sale price, trailing 12 months ending October 8, 2026 · Keenan Luxury Market Index, MLS closed sales. Contact Keenan Group for a personalized comparison.

Neighborhood listings

17 active listings and 4 under contract or pending

Hills of Lakeway Real Estate Market

Hills of Lakeway market data as of October 2026
Metric	Hills of Lakeway	Lakeway
Median Sold Price (12M)	$948K	$1.06M
Median Days on Market	67 days	44 days
Sale-to-List Ratio	96.2%	90.8%
Median $/sqft (typical home)	$289	$291
Active Listings	17	90
Homes Sold (12M)	103	12
Months of Supply	2.0	90.0

Data as of October 2026. Source: Keenan Group at Compass Real Estate, Austin MLS (ACTRIS). Lakeway reflects closed sales within its city limits over the trailing 12 months.

Schools Near Hills of Lakeway

School district: Lake Travis ISD

Schools zoned to Hills of Lakeway
School	Type	Grades	Rating	Distance
Lakeway Elementary School	Regular	KG-5	A-	0.4 mi
Lake Travis High School	Regular	9-12	A	1.5 mi
Serene Hills Elementary School	Regular	PK-5	A+	1.6 mi
The Magnolia School	Alternative/Other	PK-8	—	2.1 mi
Lake Travis Elementary School	Regular	PK-5	C+	2.1 mi
Lupine Lane	Early Childhood Program/Child Care Center	PK-TKG	—	2.2 mi
The Preparatory School of Bee Cave	Early Childhood Program/Child Care Center	KG-KG	—	2.7 mi
Bee Cave Elementary School	Regular	KG-5	A-	2.8 mi

View all Lake Travis ISD schools and homes by zone →

Hills of Lakeway Community Profile

Median Household Income: $148K
Work from Home: 46.9%
Median Commute: 15 min
Bachelor's Degree+: 44.9%
Graduate Degree: 23.9%
Owner Occupied: 85.0%
Median Age: 51
Population: 12,647

Source: ATTOM Data, U.S. Census. Reported at the neighborhood/community level.

How Hills of Lakeway Compares

Hills of Lakeway compared to nearby neighborhoods
Neighborhood	Median Price	School District	ZIP	Active Listings
Hills of Lakeway (you are here)	$948K	Lake Travis ISD	78738	17
Rough Hollow	$945K	Lake Travis ISD	78738	43
Sweetwater	$690K	Lake Travis ISD	78738	32
Bee Cave	$908K	Lake Travis ISD	78738	25
Serene Hills	$1.3M	Lake Travis ISD	78738	4

Median sale price, trailing 12 months ending October 8, 2026 · Keenan Luxury Market Index, MLS closed sales

Last updated October 3, 2026

Address	List Price	Beds	Sq Ft	Side
15504 Cabrillo WAY	$950K	4	3,407	—
603 Anfield CIR	$875K	4	2,648	—
12309 Carlsbad DR	$1.60M	4	3,653	—
13802 Yellow Bell BND Unit #17	$625K	3	1,721	—
15504 Cabrillo WAY	$875K	4	3,407	—
5812 Davenport Divide RD	$1.27M	5	4,451	—

Address	List Price	Beds	Sq Ft	Side
15504 Cabrillo WAY	$950K	4	3,407	—
603 Anfield CIR	$875K	4	2,648	—
12309 Carlsbad DR	$1.60M	4	3,653	—
13802 Yellow Bell BND Unit #17	$625K	3	1,721	—
15504 Cabrillo WAY	$875K	4	3,407	—
5812 Davenport Divide RD	$1.27M	5	4,451	—

Neighborhood listings

Hills of Lakeway Real Estate Market

Schools Near Hills of Lakeway

Hills of Lakeway Community Profile

How Hills of Lakeway Compares

What Clients Say About Hills of Lakeway