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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.

5.0 · 176+ reviews#1 Team - Austin Board of Realtors (2024)$1B+ career sales

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

All Keenan Group sales

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

#1 Team - Austin Board of Realtors (2024)25+ Austin experience$1B+ career volume
ZIP codes
78734
School district
Lake Travis ISD
Active listings
148 active listings

Written by the Keenan Group - Joe Keenan and Cara Keenan, Austin's #1 real estate team (Austin Board of Realtors 2024). 25+ years, 1,000+ transactions, $1B+ career sales.

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)

Lakeway homes for sale

  • 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.

Lakeway At A Glance
School District
Median Price
$850K
Active Listings
Median DOM
66 days
Median $/sqft
$287

Trailing 12 months ending October 15, 2026 · Keenan Luxury Market Index, MLS closed sales

Map & Boundary

Lakeway Neighborhood Map

Active Listings

148

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Explore Lakeway

Overview

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.
Market Data

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
Location & Commute

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.
Culture

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.

Comparison

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.
Keenan Group

The Keenan Perspective on Lakeway

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

Lakeway is where we send buyers who prioritize lifestyle over commute. If your daily life revolves around central Austin, Lakeway will frustrate you. But if you work remotely, are retired, or simply value weekend access to the lake and golf courses over a 15-minute downtown commute, Lakeway delivers a quality of daily life that is hard to match anywhere in the Austin metro.

The biggest mistake we see is buyers who assume all lakefront is equal. Water level on Lake Travis fluctuates significantly - a home that shows 200 feet of waterfront at full pool may have 50 feet of exposed rock at low pool. Dock permitting, water depth, and LCRA (Lower Colorado River Authority) regulations all affect usability and value. We help buyers understand what they are actually buying.

  • #1 Austin Board of Realtors Team in 2024
  • $1B+ career volume and 1,000+ transactions completed
  • 25+ years selling Lake Travis waterfront and Lakeway properties
  • Deep knowledge of LCRA dock permits, water-level impacts, and waterfront valuation across the Lake Travis corridor

In Lakeway, most of our work for buyers is waterfront homework: LCRA permitting, water-level history, dock condition assessments, and the real cost of maintaining a lakefront property. Doing that before you buy prevents expensive surprises and protects long-term value.

Frequently Asked

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.

NameCuisine / TypePriceHighlightsLast verified
The Grove Wine Bar & Kitchen
3001 RR 620 S, Austin, TX 78738
Wine Bar / New American$$$
  • The date-night anchor of the 620 corridor
  • Over 60 wines by the glass, artisan pizzas from a wood-fired oven, and a patio that fills up by 6 PM on Fridays
2026-03-27
SP Brazilian Steakhouse
900 Ranch Rd 620 S, Ste B108, Lakeway, TX 78734
Brazilian Steakhouse$$$$
  • All-you-can-eat rodizio with 15+ cuts carved tableside
  • The salad bar is substantial enough to matter on its own, with imported cheeses, hearts of palm, and smoked salmon
  • It works best for group dinners when everyone wants a lively room and nobody wants to negotiate the menu
2026-03-27
Canyon Grille
103 Yacht Club Cv, Lakeway, TX 78734
New American / Seafood$$$
  • Perched above the Rough Hollow marina with direct lake views
  • Grilled steaks, fresh seafood, and a raw bar that sources Gulf oysters weekly
2026-03-27
Santa Catarina Restaurant
1310 Ranch Rd 620 S, Lakeway, TX 78734
Interior Mexican$$
  • Authentic interior Mexican - not Tex-Mex
  • The mole sauce and cochinita pibil are family recipes passed down through generations
2026-03-27
The Gramercy
1516 Ranch Rd 620 S, Bldg F, Ste 200, Lakeway, TX 78734
American / Brunch$$$
  • Upscale brunch and dinner spot in the Oaks at Lakeway center
  • The chicken and waffles are a weekend staple, and the cocktail program punches above what you'd expect in a suburban shopping center
2026-03-27
MorninGlory
2121 Lohmans Crossing Rd, Lakeway, TX 78734
Breakfast / Brunch$$
  • The breakfast spot Lakeway waited years for
  • Clean, bright space with a menu that goes beyond standard eggs and bacon - think shakshuka, avocado toast done right, and specialty lattes
2026-03-27
Vivel Crepes & Coffee
2011 Main St, Ste 500, Lakeway, TX 78734
French Creperie / Cafe$$
  • Sweet and savory crepes made to order in a bright, European-style cafe
  • The Nutella banana crepe is the crowd favorite, but the ham-and-gruyere savory option is the real move
2026-03-27
Sakura Sushi & Bar
1945 Medical Dr, Ste 500, Austin, TX 78734
Japanese / Sushi$$
  • Reliable sushi in a suburb that previously had none worth mentioning
  • The fish is fresh, the rolls are generous, and the lunch specials make it an easy weekday go-to
2026-03-27
The Poke Hookup
1510 Ranch Rd 620 S, Ste 400, Lakeway, TX 78734
Hawaiian Poke$
  • Build-your-own poke bowls with fresh fish delivered multiple times per week
  • The spicy ahi tuna with mango is the top seller
2026-03-27
The League Kitchen & Tavern
1310 RR 620 S, Lakeway, TX 78734
American / Sports Bar$$
  • The sports bar Lakeway rallies around on game day
  • Walls covered in TVs, solid burger menu, and a patio that gets loud during UT football season
2026-03-27
Steiner Ranch Steakhouse
5424 Steiner Ranch Blvd, Austin, TX 78732
Steakhouse$$$$
  • 14,000 sq ft restaurant built into the hillside with three levels, four bars, and panoramic Lake Travis views
  • Prime steaks, a serious wine list, and live music on the outdoor terrace
2026-03-27
H-E-B Table 620
2000 Ranch Rd 620 S, Lakeway, TX 78734
American / Casual$$
  • A full sit-down restaurant inside H-E-B - one of the first of its kind for the chain in Central Texas
  • Burgers, sandwiches, and breakfast tacos made with ingredients from the store
2026-03-27
Torchy's Tacos
1516 Ranch Rd 620 S, Lakeway, TX 78734
Tacos / Tex-Mex$
  • The Austin taco chain that Lakeway residents no longer have to drive downtown for
  • The Trailer Park (fried chicken, green chiles, queso) is still the move
2026-03-27

Best Trails & Outdoor Spots Near Lakeway

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

NameHighlights
Canyonlands & Mt. Lakeway Trail System
  • 3+ miles of interconnected trails, Easy to Challenging, Hiking / Mountain Biking
  • Lakeway's signature trail network across 20 acres at Rough Hollow Cove
Hamilton Greenbelt
  • 2.7 miles, Easy to Moderate, Hiking / Walking / Mountain Biking
  • The longest trail in Lakeway, running through shaded forest, along creeks, and over limestone bluffs
Lakeway City Park Loop Trail
  • 1.5 miles (paved loop), Easy, Hiking / Walking
  • A paved lake loop trail circling the entire 64-acre City Park with Lake Travis views the whole way
River Place Nature Trail
  • 4.5 miles (out and back), Challenging, Hiking
  • Considered the most difficult hike in the Austin city limits, and it's only minutes from Lakeway
Pace Bend Park
  • Multiple trails, 1-5 miles, Easy to Moderate, Hiking / Swimming / Camping
  • 1,368-acre Travis County park on a peninsula jutting into Lake Travis
Mansfield Dam Park
  • 1 mile of trails, Easy, Swimming / Scuba Diving / Hiking
  • The dam that created Lake Travis in 1942, with picnic areas, swimming access, and one of the few public scuba diving platforms in Central Texas
Rough Hollow Trails
  • 5+ miles of community trails, Easy to Moderate, Walking / Hiking
  • An interconnected trail system running through the 1,800-acre Rough Hollow development down to the Lake Travis shoreline

Things To Do Near Lakeway

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

NameHighlights
High 5 Entertainment
  • 47,000 sq ft, two-story entertainment complex with 28 bowling lanes, laser tag, arcade, hatchet throwing, TopGolf Swing Suite, and a scratch kitchen
  • The go-to for birthday parties, rainy days, and Friday nights when you don't want to drive to Austin
Lake Travis Zipline Adventures
  • Five ziplines including one that stretches more than 2,800 feet across a Lake Travis cove
  • Day and night tours give Lakeway families a real half-day activity when guests are in town
  • This is better as a planned outing than a casual drop-in, which is exactly why it stands out in the area
Lakeway Resort & Spa
  • The property that started it all in 1963
  • Full-service spa, multiple pools, tennis courts, and on-site dining
Rough Hollow Yacht Club & Marina
  • Full-service marina with 294+ boat and jet ski slips, dual-car tram to the docks, fuel dock, and concierge valet service
  • Non-members can rent boats and jet skis
Hurst Harbor Marina
  • Full-service marina tucked into the calm waters of Hurst Creek near Mile Marker 14
  • Covered slips for boats up to 80 feet, ship store, and on-site service center
Lakeway City Park Beach & Swimming
  • 64-acre park with direct Lake Travis swimming access - the easiest public lake entry point in Lakeway
  • No lifeguards, but there's a life jacket loaner station at the lower picnic area
The Clubs of Lakeway - Live Oak & Yaupon Golf
  • Two Leon Howard-designed courses that opened in 1963 and 1977
  • Live Oak is tighter with tree-lined fairways and the famous 'Jaws' par-3 over a deep ravine
The Hills Country Club - Flintrock Falls
  • Jack Nicklaus and son co-designed this 7,051-yard, par-72 course that opened in 2002
  • Dramatic Hill Country elevation changes with Lake Travis glimpses through the tree canopy
Lakeway Swim Center
  • City-operated facility with lap pool, kiddie pool, and a play structure with slides
  • Open seasonally
Compare

How Lakeway Compares

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

LakewayCurrent
Median Price$850K
Active Listings148
Median Price$980K
Active Listings42
View Guide
Median Price$950K
Active Listings13
View Guide
Median Price$3.65M
Active Listings9
View Guide
Median Price$2.13M
Active Listings7
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.

Lakeway Real Estate Market

Lakeway market data as of October 2026
MetricLakewayLakeway
Median Sold Price (12M)$850K$750K
Median Days on Market66 days72 days
Sale-to-List Ratio95.3%94.6%
Median $/sqft (typical home)$287$284
Active Listings14891
Homes Sold (12M)357212
Months of Supply5.05.2

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

Lakeway compared to nearby neighborhoods
NeighborhoodMedian PriceSchool DistrictZIPActive Listings
Lakeway (you are here)$850KLake Travis ISD78734148
Rough Hollow$980KLake Travis ISD7873842
Hills of Lakeway$950KLake Travis ISD7873813
Spanish Oaks$3.65MLake Travis ISD787389
Belvedere$2.13MLake Travis ISD787387

Median sale price, trailing 12 months ending October 15, 2026 · Keenan Luxury Market Index, MLS closed sales

Last updated

What Clients Say About Lakeway

Real experiences from buyers and sellers in this neighborhood

View all testimonials
Lakeway

My husband and I made an unexpected move to Austin recently. Joe Keenan and Cara Keenan made it possible for us to not only find a beautiful home that fits our needs but also gave us the knowledge and understanding of the area so we could make an educated decision. From the time we met Joe Keenan and Cara Keenan, they made us feel welcome and went the extra mile to make sure we had all the information we needed on each of the properties we looked at. They also introduced us to Austin in a way that friends would do. They told us about all the great places to eat, visit, and hang out. They both always made us feel like we could bring up any and all concerns we had and gave us the information we needed. Even after the close of escrow, they continue to check in on us to make sure everything is going well and that we have everything we need to begin to settle in this beautiful city. Thank you, Joe Keenan and Cara Keenan, for your hard work!

S.K.

Relocation Buyer from Out of State

Lakeway
Joe Keenan possesses all the qualities hoped for in a real estate agent. He is honest, hard working, attentive to needs, courteous, and respectful. He is also attentive to details and did his due...Read more

Joe Keenan possesses all the qualities hoped for in a real estate agent. He is honest, hard working, attentive to needs, courteous, and respectful. He is also attentive to details and did his due diligence in making sure the properties we were interested in were what they purported to be. He quickly notified us when he found discrepancies. Joe Keenan was our advocate. He anticipated needs and obstacles and took the needed steps to make sure we could move into our home as planned. Joe Keenan often had to cue and remind our inexperienced lender to keep things moving forward in preparation for closing. We were fortunate to find Joe Keenan to assist us with this process. He is our agent for life and we highly recommend his services.

Nanette and Ronald Wilde

Buyers in Austin, TX

Lakeway
We retired from Chicago and Joe helped us find a home in Lakeway. He spent a full day showing us different sections — Lakeway Highlands, the original Lakeway, and areas near the resort. He was...Read more

We retired from Chicago and Joe helped us find a home in Lakeway. He spent a full day showing us different sections — Lakeway Highlands, the original Lakeway, and areas near the resort. He was straightforward about the commute to Austin proper and helped us decide that the lake access, the golf, and the slower pace were worth the 30-minute drive when we needed to go downtown. We bought a four-bedroom near the marina and joined the club. Joe even suggested a moving company that had handled other Midwest-to-Texas relocations. Thoughtful guy.

A. Novak

Lakeway

The Keenan Group in Lakeway

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

$532/sqft

Lakeway luxury homes ($2M-$10M) · indicative

Lakeway home sales at all price points, last 12 months

Median sale
$850K
Median days on market
66
Sale-to-list
95.3%

Source: Keenan Group at Compass · Updated October 2026

#1ABoR Team 2024
$1B+Career Sales
1000+Homes Sold
25+Years Experience