Lakeway, TX Real Estate Search
Lakeway Real Estate: A Local's Guide to Lakeway, TX
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I've lived in the Lake Travis area since 1990 and sold real estate here since 2004, and I've closed 112 sales in Lakeway, including Rough Hollow. This guide covers what I tell buyers and sellers before they make a move: how Lakeway's neighborhoods differ, what the HOA and tax bills really look like, which schools serve which streets, and what the market's doing right now.
Lakeway sits on the south shore of Lake Travis along RM 620, west of Austin in Travis County. It started in 1963 as the Lakeway resort, incorporated as a city in 1974 and had 19,189 residents at the 2020 census. You'll find everything from 1970s houses on the golf course to new custom builds on the water, plus a hospital, library, marinas and four golf courses inside or next to city limits.
Lakeway at a Glance
| Location | South shore of Lake Travis, Travis County, ZIP codes 78734 and 78738 |
|---|---|
| Population | 19,189 (2020 census) |
| City tax rate | $0.16964 per $100 of value (2025-26) |
| Schools | Lake Travis ISD: Lakeway, Serene Hills, Rough Hollow or Lake Travis Elementary; Hudson Bend or Lake Travis Middle; Lake Travis High |
| Golf | 72 private holes at The Hills of Lakeway club, including two Jack Nicklaus courses |
| On the market | 88 houses for sale, mostly $420,000 to $4.5 million, middle price around $850,000, about $340 a square foot (MLS, October 2026) |
Lakeway Neighborhoods
Original Lakeway
The first Lakeway sections were built from the late 1960s through the 1980s around the Live Oak and Yaupon golf courses and down to the lake. Lots are generous, trees are mature, and many streets have no POA at all. Prices range widely: updated golf course houses often list from the $600,000s to around $1 million, and lakefront streets like Challenger and Brooks Hollow run from about $1.6 million to well past $3 million. Older houses here are also where you'll see the most rebuilds.
Rough Hollow
Rough Hollow, which includes the Lakeway Highlands sections, is Lakeway's large master-planned community on about 1,800 acres with more than three miles of Lake Travis shoreline. Houses here are newer, mostly built from about 2010 on, and current listings run from about $680,000 to $2 million, with new custom builds in Hacienda Heights listed above $4 million.
The amenities are the draw: the Rough Hollow Yacht Club and Marina with about 290 slips, and the Highland Village amenity center. Dues vary by section. Most sections pay about $225 a month, and every Rough Hollow house also pays these mandatory monthly dues:
| Highland Village amenities | $49.00 | Pools and lazy river, splash pad, playground, tennis and basketball courts lined for pickleball, sand volleyball, dog park, pavilion |
|---|---|---|
| Master association (Rough Hollow South Shore II) | $55.60 | Common-area landscaping, streetlights, the roundabout and fountain, insurance, utilities and wastewater management |
| Rough Hollow Yacht Club | $64.41 (with tax) | Year-round infinity pool, fitness center, pavilion, ship store, free kayaks and paddleboards, 10% off at the Canyon Grille |
That's about $394 a month in total for most sections. Rough Hollow also carries a utility district tax on top of city, county and school taxes, so its total tax rate is higher than older parts of Lakeway. Ask for the current tax bill on any house you're considering.
Flintrock Falls
Flintrock Falls is gated with 24-hour access control and wraps around the Flintrock Falls golf course, co-designed by Jack Nicklaus and his son and opened in 2002. HOA dues run about $4,200 a year. Current listings run from about $1.2 million to $2.2 million.
The Hills
The Hills is technically its own city, the Village of the Hills, but it sits right in the middle of Lakeway, which is why most people think of it as part of Lakeway. It's privately gated and guarded, it's home to the original Jack Nicklaus course from 1981, and the village's own tax rate is 9.2 cents per $100 of value instead of Lakeway's.
HOA dues are $775 twice a year and cover the gates, the roads and common-area maintenance. Every household in The Hills also pays a mandatory social membership of $143 a month plus tax to The Hills of Lakeway club, which includes five restaurants, the aquatic complex and the club's social calendar. Golf, tennis, pickleball and fitness memberships are optional and cost extra; see the club membership table below.
Lohmans Crossing, Serene Hills and More
Lakeway has dozens of smaller neighborhoods worth knowing. Lohmans Crossing Estates, North Lakeway Village, St. Andrews and Champions offer some of Lakeway's lower price points, often from the $400,000s to the $700,000s. Serene Hills, Arbolago, Las Brisas Estates and Seawind sit at the higher end. Ask me about any of them; the right street matters as much as the right neighborhood.
Golf, the Lake and Getting Around
Lakeway's four golf courses belong to The Hills of Lakeway, a private club with 72 holes: The Hills and Flintrock Falls, both Jack Nicklaus designs, plus Live Oak (1965) and Yaupon (1977). The same club runs 13 outdoor tennis courts, 9 dedicated pickleball courts, 2 indoor tennis courts, a 22,000-square-foot sports complex and an aquatic complex with three pools. You don't have to live in Lakeway to join, and you don't have to join to live here, except in The Hills, where a social membership is required.
The Hills of Lakeway Club Memberships
| Membership | Initiation fee | Monthly dues | What you get |
|---|---|---|---|
| Signature Golf | $90,000 | $1,090 | All 72 holes, including The Hills and Flintrock Falls |
| Premier Golf | $50,000 | $870 | 54 holes: Flintrock Falls, Live Oak and Yaupon |
| Classic Golf | $12,500 | $645 | 36 holes: Live Oak and Yaupon |
| Limited Classic Golf | $8,500 | $480 | Live Oak and Yaupon, Sunday through Thursday after 11 a.m. |
| Racquet | $10,000 | $400 | Tennis and pickleball courts, leagues and clinics |
| Pickleball | $3,500 | $345 | 9 dedicated pickleball courts, leagues and clinics |
| Wellness | $1,500 | $300 | Sports complex, 50+ weekly classes, aquatic complex |
| Community Social | Hills and Flintrock residents only | $143 plus tax | Five restaurants, aquatic complex, social calendar |
From the club's 2026 membership materials. Every membership also includes dining, aquatics and social access, and golf memberships include racquet and wellness too. Fees don't include sales tax and dues can rise each year, so confirm current rates with the club.
Lake Travis is the other big draw, with marinas, waterfront parks and private docks on lakefront lots. Daily needs are close: Baylor Scott & White Medical Center in Lakeway, the Lake Travis Community Library, and shopping along RM 620 and in nearby Bee Cave.
Taxes and HOA Dues
Lakeway's city rate is $0.16964 per $100 of value for 2025-26. On top of that come Travis County, Lake Travis ISD and, on many streets, a water or utility district such as Lakeway MUD, Hurst Creek MUD, Travis County WCID No. 17 or Rough Hollow's district. That's why two houses a mile apart can have very different tax bills. Lakeway has no citywide POA. Some neighborhoods have their own HOA or POA, and much of original Lakeway has none.
Rates and dues change. Check the current tax bill and HOA resale certificate for any house you're considering.
Schools
All of Lakeway is in Lake Travis ISD. Depending on the street, houses are zoned to Lakeway Elementary, Serene Hills Elementary, Rough Hollow Elementary or Lake Travis Elementary, then Hudson Bend Middle or Lake Travis Middle, and every student goes on to Lake Travis High School. Confirm the assignment for a specific address with Lake Travis ISD.
Lakeway Market Snapshot
As of October 2026 there are 88 houses for sale in Lakeway. They average about $1.2 million and 3,300 square feet, or roughly $340 a square foot, but the average is pulled up by the lake. The middle price is closer to $850,000, and about half of the listings are under that. Rough Hollow has 14 houses for sale averaging about $1.23 million, and there are 5 waterfront listings from $1.6 million to $4.5 million.
For active, pending and sold activity updated daily, see the Lakeway market report. Every current listing is below this guide.
Thinking about selling in Lakeway? I price from what buyers are paying on your street right now, not an automated estimate. Get a value estimate for your house or call me at 512-657-4455.
Why Sellers Choose Lori in Lakeway
Pricing is where a sale is won or lost. I show sellers exactly what buyers are paying right now, including what's under contract and what's expired, and I'll tell you the truth about what happens to a listing that sits. Before real estate I was a bank COO, and I still underwrite every list price the way a lender would.
Once you're listed, my showing feedback system, refined since 2004, keeps you informed. After every showing I send targeted questions to the buyer's agent and pass the unfiltered answers straight to you, so we can adjust in real time. As one seller put it: "The one thing that meant the most to us was your timely and accurate responses to our questions. You never left us waiting and wondering."
- 112 Lakeway and Rough Hollow sales
- #5 Top Producing Keller Williams agent in the South Texas Region
- RealTrends Verified Top Agent 2026 and Platinum Top 500
- Consistently in the Keller Williams Top 10 for closed production at the Lake Travis market center
- Keller Williams Gold, Double Gold and Triple Gold awards
- Chair of the City of Bee Cave Planning and Zoning Commission
- CLHMS, CRS, CNE, GRI, ILS and IRES designations
A few of my Lakeway sales: 802 Rough Hollow Drive, 610 Robin Dale Drive, 121 Carefree Circle, 103 Carefree Circle and 708 Bermuda Drive. Read what clients say.
Lakeway FAQs
Is The Hills part of Lakeway?
Not officially. The Village of the Hills is its own city with its own tax rate of 9.2 cents per $100, but it's surrounded by Lakeway and most people think of it as part of Lakeway. It's privately gated and guarded.
Is Rough Hollow the same as Lakeway Highlands?
Yes. Lakeway Highlands is part of Rough Hollow, and locals call the whole community Rough Hollow. It's inside the City of Lakeway.
What are the HOA dues in Rough Hollow?
Most sections pay about $225 a month, plus mandatory monthly dues every Rough Hollow house pays: $49 for Highland Village amenities, $55.60 for the master association and $64.41 for the Rough Hollow Yacht Club. That's about $394 a month in total.
What's the property tax rate in Lakeway?
The City of Lakeway's rate is $0.16964 per $100 of value for 2025-26. Your total rate also includes Travis County, Lake Travis ISD and, on many streets, a water or utility district, so it varies by neighborhood. Check the current tax bill for the house you're considering.
Does Lakeway have an HOA?
There's no citywide POA. Some neighborhoods, like Rough Hollow and Flintrock Falls, have their own associations, and much of original Lakeway has none.
What schools serve Lakeway?
Lakeway is in Lake Travis ISD. Elementary schools are Lakeway, Serene Hills, Rough Hollow or Lake Travis Elementary depending on the street, middle schools are Hudson Bend or Lake Travis Middle, and all students attend Lake Travis High School.
What does it cost to live in The Hills?
HOA dues are $775 twice a year for the gates, roads and common areas, and every household pays a mandatory $143 a month (plus tax) social membership to The Hills of Lakeway club. The village's own tax rate is 9.2 cents per $100 of value. Golf, tennis and fitness memberships are optional and extra.
How much is a golf membership in Lakeway?
At The Hills of Lakeway club, golf memberships range from an $8,500 initiation fee and $480 a month for Limited Classic to a $90,000 initiation fee and $1,090 a month for Signature, which covers all 72 holes. Fees don't include sales tax.
Are Lakeway's golf courses public?
No. Lakeway's four courses, The Hills, Flintrock Falls, Live Oak and Yaupon, belong to The Hills of Lakeway, a private club.
How much do houses in Lakeway cost?
As of October 2026, the middle list price is around $850,000 and the average is about $1.2 million, or roughly $340 a square foot. Lakefront houses list from about $1.6 million to $4.5 million.
Search Lakeway Houses
- Just listed
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- With a pool
- $600,000 to $700,000
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More on Lakeway
- Lakeway vs. Bee Cave
- Lakeway vs. Bee Cave vs. Steiner Ranch for families
- Moving to Lakeway or Bee Cave
- Lakeway market report
- Lake Travis waterfront real estate
- Bee Cave real estate guide
- Falconhead homes for sale
- How Lori sells a house
- Client testimonials
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Written by Lori Wakefield, REALTOR, Keller Williams Lake Travis. Lake Travis area resident since 1990, licensed in Texas since 2004, 112 Lakeway sales, Chair of the City of Bee Cave Planning and Zoning Commission. More about Lori or call 512-657-4455.
Updated October 2026. Market figures come from the MLS and change daily.
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