
Lakeway Texas - Homes, Schools, and Market Guide
An incorporated Lake Travis city in 78734 with waterfront access, three golf courses, resort-style amenities, and Lake Travis ISD schools - 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 Lake Travis waterfront and Lakeway properties.
Austin Neighborhood Guide
Lakeway Neighborhood Guide - Austin Real Estate
Lakeway homes for sale in 78734. Lake Travis ISD, waterfront living, multiple golf courses, resort lifestyle. Austin's #1 team.
Who are the realtors for Lakeway homes?
Joe and Cara Keenan have closed 17 home sales in Lakeway since 2007, representing buyers and sellers (Keenan Group sales ledger, as of October 15, 2026). Their most recent Lakeway sale closed in September 2026. Keenan Group at Compass is the #1 Austin Board of Realtors Team (2024), with $1B+ in career sales, 1,000+ transactions and 25+ years in Austin.
Source: Keenan Group sales ledger
Recent Keenan Group sales in Lakeway
- 603 Anfield Cir - sold September 2026
- 926 Bristol Creek Bnd - sold January 2024
- 407 Highland Village Dr - sold June 2022
Luxury Buyer Fit Snapshot
Compare Lakeway on price, schools, and lifestyle access before scheduling private tours.
Buyer Fit
Best for buyers evaluating current inventory depth and value pockets in Lakeway.
Lifestyle Fit
Homes here are in Lake Travis ISD (78734). We confirm the exact school assignment for each address before you write an offer.
Keenan Group Authority
- ZIP codes
- 78734
- School district
- Lake Travis ISD
- Active listings
- 148 active listings
What is Lakeway like?
Lakeway is an incorporated city on the south shore of Lake Travis, in the 78734 and 78738 ZIP codes west of Austin. In the 12 months to October 15, 2026, 357 homes sold in Lakeway at a median price of $850K and a median of $287 per square foot, based on MLS closed sales; 148 homes are listed for sale now. Homes sold here most often list Serene Hills Elementary (45% of sales), Hudson Bend Middle School and Lake Travis High School in Lake Travis ISD; Niche grades Lake Travis High School A+ as of October 6, 2026. Assignment depends on the address.
As of · Austin MLS (ACTRIS)
- 78734 incorporated city on Lake Travis, 25-35 minutes west of downtown Austin
- Lake Travis ISD: Lake Travis Elementary, Lake Travis Middle, Lake Travis High School
Source: Written by Joe and Cara Keenan - 25+ years selling Lake Travis waterfront and Lakeway properties.
Trailing 12 months ending October 15, 2026 · Keenan Luxury Market Index, MLS closed sales
Map & Boundary
Lakeway Neighborhood Map
Active Listings
Explore Lakeway
Why Buyers Choose Lakeway
Lakeway is for buyers who want to live on or near the water without leaving the Austin metro. It is an incorporated city on Lake Travis with its own police department, city services, and zoning control - which gives it a level of infrastructure and consistency that unincorporated lakefront areas lack. The result is a community that feels like a resort but functions like a real city.
The housing stock spans a wide range. That range makes Lakeway accessible at many budgets, from entry-level condos to luxury waterfront.
- Lake Travis waterfront is the defining amenity. Direct lake access - whether through private docks, community marinas, or public boat ramps - drives much of Lakeway's appeal and pricing.
- Three golf facilities: Lakeway Resort (Live Oak and Yaupon courses), Flintrock Falls (private, Tom Fazio design), and Hills of Lakeway (semi-private). Golf is woven into daily life here.
- Lake Travis ISD schools are among the best in the Austin metro. Lake Travis High School has won multiple state championships in football and is rated among the top public high schools in Texas.
- Lakeway Resort and Spa provides a community anchor with pools, tennis, dining, and event space - functioning as a de facto country club for many residents.
Current Lakeway Market Data
In the 12 months ending October 15, 2026, 357 homes sold in Lakeway at a median price of $850K, with a median of 66 days on market and a median of $287 per square foot (Keenan Luxury Market Index, from MLS closed sales).
As of October 15, 2026, Lakeway had 148 active and 26 pending listings, with 5.0 months of supply and a 95% sale-to-list ratio in the 12 months ending October 15, 2026.
- Median sale price, 12 months ending October 15, 2026: $850K
- Closed sales, 12 months ending October 15, 2026: 357
- Active listings as of October 15, 2026: 148
- Product filter: Single Family Residence only
- Price bands: review the live comp set by property type, lot, condition, and street-level position
Daily Geography in Lakeway
Lakeway is 20 miles west of downtown Austin, accessed primarily via Highway 71 and FM 620. The city's commercial services are concentrated along FM 620 and Lakeway Boulevard, with additional retail at the Oaks at Lakeway shopping center and nearby Bee Cave's Hill Country Galleria.
The commute is the defining daily consideration. Highway 71 moves well outside peak hours, but the FM 620 corridor through Bee Cave and Westlake can bottleneck during rush. Many Lakeway residents have structured their work lives around this reality - the city has one of the highest work-from-home rates in the Austin metro.
- Downtown Austin: 25-35 minutes via Highway 71 or FM 620; 40+ minutes during peak rush hour.
- Bee Cave / Hill Country Galleria: 10-15 minutes east on Highway 71.
- Westlake Hills / Eanes area: 20-25 minutes via FM 620 or Bee Caves Road.
- Austin-Bergstrom Airport: 35-45 minutes via Highway 71 to 130 Toll.
- Lake Travis marinas and boat ramps: 5-15 minutes depending on location within Lakeway.
- Pace Bend Park: 20 minutes west - one of the most popular swimming and camping spots on Lake Travis.
Local Anchors That Shape the Neighborhood
Lakeway's identity is built around the lake. The water is not just an amenity - it structures social life, weekend routines, and property values in ways that non-lakefront communities do not experience. Summers revolve around boating, swimming, and waterfront dining. That seasonal rhythm is what draws people here and what keeps them.
- Lake Travis: The 63-mile-long reservoir is the recreational anchor for the entire region. Lakeway's south-shore location provides relatively easy access to open water, marinas, and swimming coves.
- Lakeway Resort and Spa: Originally built in the 1960s as a destination resort, it remains the community's social hub with pools, tennis courts, two golf courses, dining, and event facilities.
- Flintrock Falls: Private Tom Fazio-designed golf course and community. The club anchors Lakeway's upscale identity and hosts member-only events year-round.
- Hills of Lakeway: Semi-private golf community with a Jack Nicklaus-designed course, swim center, and tennis. More accessible membership than Flintrock Falls.
- Lakeway City Park and swimming pool: Municipal park with a seasonal pool, playground, and pavilion. The city pool is a family anchor from May through September.
- Watercraft and marina access: Several marinas including Lakeway Marina serve the community. Dock permits for private waterfront homes are highly valued and affect pricing significantly.
The growth challenge in Lakeway is traffic on FM 620 and the limited east-west corridor capacity. The city has invested in road improvements, but the fundamental geography - a narrow corridor between the lake and the hills - constrains expansion. That constraint is also what protects existing property values.
How Lakeway Compares to Nearby Alternatives
Lakeway buyers typically compare with Bee Cave, Steiner Ranch, and the broader Lake Travis north shore. The decision comes down to commute tolerance, water access priorities, and golf preferences.
- Compared with Bee Cave: Bee Cave is 10-15 minutes closer to Austin with better retail infrastructure (Hill Country Galleria). Lakeway has more waterfront access and a stronger resort-community identity. Both share Lake Travis ISD.
- Compared with Steiner Ranch: Steiner Ranch is a single master-planned community with Leander ISD (Vandegrift HS) and a shorter commute. Lakeway offers more housing variety, waterfront options, and Lake Travis ISD.
- Compared with Westlake Hills: Westlake Hills is 15-20 minutes closer to downtown with Eanes ISD and significantly higher prices. Lakeway offers more space, water access, and golf at lower price points.
- Compared with Rough Hollow: Rough Hollow is technically within the Lakeway area and shares Lake Travis ISD. It is a newer master-planned community with its own marina and trails - more structured than older Lakeway neighborhoods.
- Compared with Spicewood: Spicewood is farther west with larger lots and a more rural feel. Lower prices but longer commute and fewer amenities. Marble Falls ISD instead of Lake Travis ISD.
Quick Answers About Lakeway
Lakeway is 25-35 minutes from downtown Austin during off-peak hours via Highway 71 or FM 620. During peak rush hour, the commute can stretch to 40+ minutes. Bee Cave and Hill Country Galleria are 10-15 minutes east. Austin-Bergstrom Airport is 35-45 minutes away.
Lakeway is primarily in ZIP code 78734. This ZIP covers the incorporated city of Lakeway and surrounding areas along the south shore of Lake Travis.
Lakeway is served by Lake Travis ISD. The school path includes Lake Travis Elementary, Lake Travis Middle School, and Lake Travis High School. Lake Travis High is consistently rated among the top public high schools in the Austin metro and is known for its athletics programs, including multiple state football championships.
Lakeway and Bee Cave share Lake Travis ISD but offer different lifestyles. Bee Cave is 10-15 minutes closer to Austin with better retail (Hill Country Galleria). Lakeway has more waterfront access, a resort community identity, and three golf facilities. Bee Cave's prices tend to run higher than Lakeway's, partly because of its newer single-family inventory.
The Keenan Group is the #1 Austin Board of Realtors Team (2024) with 25+ years selling Lake Travis waterfront and Lakeway properties. With $1B+ in career sales, we help buyers navigate waterfront complexities including LCRA dock permits, water-level impacts, and waterfront valuation. 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 Lakeway. Joe and Cara Keenan have completed 1,000+ career transactions and $1B+ in career sales volume, with deep expertise in Lakeway pricing, schools, and market dynamics. Contact Keenan Group for a confidential consultation: (512) 415-7653.
To list your home in Lakeway, start with the Keenan Group - Austin's #1 Board of Realtors team (2024). The process: a pricing analysis built on live 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 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.
Best Restaurants Near Lakeway
Where Lakeway buyers and residents actually eat - from date night to weeknight favorites.
| Name | Cuisine / Type | Price | Highlights | Last verified |
|---|---|---|---|---|
| Wine Bar / New American | $$$ |
| 2026-03-27 | |
| Brazilian Steakhouse | $$$$ |
| 2026-03-27 | |
| New American / Seafood | $$$ |
| 2026-03-27 | |
| Interior Mexican | $$ |
| 2026-03-27 | |
| American / Brunch | $$$ |
| 2026-03-27 | |
| Breakfast / Brunch | $$ |
| 2026-03-27 | |
| French Creperie / Cafe | $$ |
| 2026-03-27 | |
| Japanese / Sushi | $$ |
| 2026-03-27 | |
| Hawaiian Poke | $ |
| 2026-03-27 | |
| American / Sports Bar | $$ |
| 2026-03-27 | |
| Steakhouse | $$$$ |
| 2026-03-27 | |
| American / Casual | $$ |
| 2026-03-27 | |
| Tacos / Tex-Mex | $ |
| 2026-03-27 |
Best Trails & Outdoor Spots Near Lakeway
Trails and outdoor activities that buyers and locals ask about most.
| Name | Highlights |
|---|---|
Canyonlands & Mt. Lakeway Trail System |
|
Hamilton Greenbelt |
|
Lakeway City Park Loop Trail |
|
River Place Nature Trail |
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Pace Bend Park |
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Mansfield Dam Park |
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Rough Hollow Trails |
|
Things To Do Near Lakeway
Family favorites, date night ideas, and local experiences close to the neighborhood.
| Name | Highlights |
|---|---|
High 5 Entertainment |
|
Lake Travis Zipline Adventures |
|
Lakeway Resort & Spa |
|
Rough Hollow Yacht Club & Marina |
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Hurst Harbor Marina |
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Lakeway City Park Beach & Swimming |
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The Clubs of Lakeway - Live Oak & Yaupon Golf |
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The Hills Country Club - Flintrock Falls |
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Lakeway Swim Center |
|
Lakeway Support Pages
Lakeway Homes for Sale
Browse active listings in Lakeway with photos, pricing, and open house schedules.
78734 ZIP Guide
Demographics, schools, walkability, and community profile for ZIP 78734.
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.
How Lakeway Compares
Side-by-side comparison with similar Austin neighborhoods based on price range, school district, and location.
| Neighborhood | Median Price | Active Listings | Guide |
|---|---|---|---|
LakewayCurrent | $850K | 148 | You're here |
| $980K | 42 | View Guide | |
| $950K | 13 | View Guide | |
| $3.65M | 9 | View Guide | |
| $2.13M | 7 | View Guide |
Median sale price, trailing 12 months ending October 15, 2026 · Keenan Luxury Market Index, MLS closed sales. Contact Keenan Group for a personalized comparison.
Neighborhood listings
Lakeway Real Estate Market
| Metric | Lakeway | Lakeway |
|---|---|---|
| Median Sold Price (12M) | $850K | $750K |
| Median Days on Market | 66 days | 72 days |
| Sale-to-List Ratio | 95.3% | 94.6% |
| Median $/sqft (typical home) | $287 | $284 |
| Active Listings | 148 | 91 |
| Homes Sold (12M) | 357 | 212 |
| Months of Supply | 5.0 | 5.2 |
Data as of . Source: Keenan Group at Compass Real Estate, Austin MLS (ACTRIS). Lakeway reflects closed sales within its city limits over the trailing 12 months.
How Lakeway Compares
| Neighborhood | Median Price | School District | ZIP | Active Listings |
|---|---|---|---|---|
| Lakeway (you are here) | $850K | Lake Travis ISD | 78734 | 148 |
| Rough Hollow | $980K | Lake Travis ISD | 78738 | 42 |
| Hills of Lakeway | $950K | Lake Travis ISD | 78738 | 13 |
| Spanish Oaks | $3.65M | Lake Travis ISD | 78738 | 9 |
| Belvedere | $2.13M | Lake Travis ISD | 78738 | 7 |
Median sale price, trailing 12 months ending October 15, 2026 · Keenan Luxury Market Index, MLS closed sales
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