I've lived near Lake Travis since 1990 and sold real estate here since 2004, and before that I spent 15 years as a bank COO. That last part matters more on the water than anywhere else. A waterfront house is really three purchases in one: the house, the shoreline and the dock. Lenders, appraisers and insurers look hard at all three, and buyers who skip the shoreline and dock homework are the ones who end up surprised.
This guide covers the south shore of Lake Travis, where I work: Lakeway, Hurst Creek, Hudson Bend, Rough Hollow and Spicewood. It explains how lake levels affect what you're buying, what to check before you write an offer, how the areas differ and what the market's doing right now.
Lake Travis waterfront homes for sale right now: about 90 waterfront houses are for sale along the south shore, from about $350,000 to $17.9 million (MLS, October 2026). See every south shore waterfront listing, updated throughout the day from the MLS, or keep reading for what I tell buyers before they shop.
| The lake | A reservoir on the Colorado River behind Mansfield Dam, finished in 1942 and run by the Lower Colorado River Authority (LCRA). About 65 miles long with roughly 270 miles of shoreline. |
|---|---|
| Full level | 681 feet above sea level. Above that, LCRA can open the Mansfield Dam floodgates. |
| Level today | About 677 feet, or 94% full (October 26, 2026) |
| South shore areas | Lakeway, Hurst Creek, Hudson Bend, Rough Hollow and Spicewood |
| Schools | Mostly Lake Travis ISD. Part of Spicewood is in Marble Falls ISD, so check the district for any address west of Bee Creek. |
| On the market | About 90 waterfront houses, middle list price around $1.7 million, average about $750 per square foot (MLS, October 2026) |
Lake Travis isn't a constant-level lake. It's the flood control and water supply lake for the Highland Lakes, so the water goes up and down, sometimes by a lot. The record low was 614 feet in 1951 and the record high was 710 feet in 1991. In just the last 18 months, the lake refilled during the July 2025 Hill Country floods, dropped to about 664 feet in April 2026, went over full in July 2026 when LCRA opened the Mansfield Dam floodgates, and sits around 677 feet today.
That swing is the single biggest thing to understand before you buy. Two houses with the same square footage and finishes can be worth very different amounts because one keeps deep water at its dock in a drought and the other is looking at a dry cove. On a constant-level lake like Lake Austin, the water is always there. On Lake Travis, you're buying a spot on the shoreline as much as a house.
| Area | City | What you'll find | Waterfront listings (Oct 2026) |
|---|---|---|---|
| Lakeway | City of Lakeway | Established streets on the main lake and coves, golf and marina nearby | A handful, about $1.6 million to $4.5 million |
| Hurst Creek | Lakeway | Protected cove water and long views up the arm of the lake | Varies, often only one or two |
| Hudson Bend | Unincorporated Travis County | Peninsula near Mansfield Dam, from older lake houses to newer estates | About $900,000 to $6.6 million |
| Rough Hollow | Lakeway | Master-planned community with its own yacht club and marina | Lake-view more often than lakefront |
| Spicewood | Unincorporated Travis County | The widest range on the lake, from cabins to gated estates | About 55, roughly $350,000 to $17.9 million |
Listing counts and ranges are for houses the MLS marks as waterfront, as of October 2026. They change daily.
Lakeway has some of the oldest and most established waterfront on the lake. Many of these houses sit on deep-water lots along the main body of Lake Travis or on the coves off it, with the Lakeway Marina, golf and city parks close by. Lakeway and many HOAs can add their own rules on docks and shoreline work, so I check those along with LCRA's for every Lakeway waterfront house. For the rest of Lakeway, see my Lakeway real estate guide.
Hurst Creek is the long arm of the lake that runs up into Lakeway. Cove water is calmer than the open lake, which buyers love for swimming, paddleboards and keeping a boat at the dock without as much wave action. The trade-off is depth: coves are usually the first places to lose water when the lake drops. If you're looking on Hurst Creek, the most important question is how deep the water at that dock gets when the lake is 20 or 30 feet low, and I'll help you find out before you're under contract.
Hudson Bend is the peninsula between Lakeway and Mansfield Dam, outside any city limits in Travis County. It's one of the most varied places on the lake. You'll find older lake houses on smaller lots, newer custom houses and some large estates on the point, all within a few minutes of RM 620. Hudson Bend lots near the main body of the lake tend to hold deep water better than the shallower coves. Because it's unincorporated, there's no city tax, but many houses rely on septic systems and a range of water providers, so those go on the inspection list.
Rough Hollow is a master-planned community of more than 1,800 acres along about three miles of the south shore in Lakeway. Its Rough Hollow Yacht Club and Marina has slips for residents, a fuel dock, a restaurant, a pool and a fitness center, so many owners enjoy the lake without owning a private dock. Most Rough Hollow houses are lake-view rather than lakefront, and the community pays a utility district tax, so read the tax bill closely. I cover Rough Hollow in more detail in my Lakeway real estate guide.
Spicewood has the most waterfront for sale on the south shore and the widest range of prices. At one end are older cabins and small lots on the coves and along the Pedernales River arm. At the other are gated estates like The Coves at Lake Travis and Angel Bay, with some of the highest prices on the lake. In between are neighborhoods like Lakehurst, Bee Creek, Cat Hollow and Siesta Shores, plus new construction going up now. Spicewood is unincorporated and rural, so expect septic systems, varied water providers and longer drives in exchange for space, privacy and big water views.
Waterfront pricing comes down to the details buyers will check: frontage, how the water holds in a low year, the dock and how easy it is to reach the water. I price with those in mind and gather the facts buyers will ask for before we go live, including the dock's history, the lot's elevation and photos of the shoreline at different lake levels. When the lake is full, I make sure the photos and video show it. When it's low, I'm ready to show buyers what the water looks like in a normal year.
From the MLS on October 26, 2026. The MLS waterfront flag includes some lots on the Pedernales River arm and on coves that go dry in low water, so read each listing's water details or ask me.
Thinking about buying or selling on Lake Travis? Call or text me at 512-657-4455 and I'll walk you through what a specific house or lot looks like in a high-water and a low-water year.
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 of October 2026, waterfront houses on the south shore range from about $350,000 to $17.9 million, with a middle list price around $1.7 million. Under $1 million usually means an older cabin, a small lot or a cove that goes dry in low water. Most deep-water houses with good docks start well above that.
On October 26, 2026, Lake Travis was at about 677 feet, roughly 94% full. Full is 681 feet. The lake went over full in July 2026, when LCRA opened the Mansfield Dam floodgates, and was about 664 feet in April 2026.
Lake Travis is the main flood control and water supply reservoir for the Highland Lakes, so LCRA lets it rise during floods and it drops during droughts. The record low was 614 feet in 1951 and the record high was 710 feet in 1991.
LCRA doesn't require a permit for a residential dock of 1,500 square feet or less, but the dock still has to meet LCRA safety standards, stay within 100 feet of the shore and leave at least 40 feet of open water. Larger docks need an LCRA permit, and cities like Lakeway and many HOAs have their own rules.
The south shore runs along Highway 71 and RM 620 through Spicewood, Hudson Bend, Lakeway and Rough Hollow, mostly in Lake Travis ISD and close to Bee Cave and Lakeway shopping. The north shore includes Lago Vista, Jonestown and Volente. I focus on the south shore.
Most south shore waterfront houses are in Lake Travis ISD. Part of Spicewood is in Marble Falls ISD, so check the school district for any Spicewood address.
Lake Austin stays at a nearly constant level and is closer to downtown, but houses cost far more, averaging around $7 million in October 2026. Lake Travis is bigger, with open water for sailing and big boats, more privacy and a much wider price range, but its level goes up and down.
On top of a normal home inspection, I recommend a dock inspection, a septic inspection if the house isn't on a sewer system, a look at the water source, an elevation certificate and a flood insurance quote, and an honest answer about water depth at the dock when the lake is low.
Written by Lori Wakefield, REALTOR, Keller Williams Lake Travis. In the Lake Travis area since 1990, licensed in Texas since 2004, former bank COO, 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. Sources: Texas Water Development Board, LCRA flood operations, LCRA dock standards.
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Looking for the perfect home in the perfect place? Chances are you'll want to check here first.