Lakeway, Texas Newcomers Guide

Lake LakewayA relaxing lakeside lifestyle in scenic Texas Hill Country awaits you on the south shore of Lake Travis when you move to Lakeway. Just 25 miles west of downtown Austin, you’ll find an inviting community and one of the best small cities in America. Within the 10 square miles of the Lakeway city limits, there are hundred acres of parks and trails, 500 acres of greenbelt, a golf course, tennis courts, a marina, shops and all the essential services, along with excellent public schools and a full-service city government. No wonder new homes in Lakeway are among the most sought-after in the Austin metro area. Our newcomers guide will give you a good idea of what living, playing and working in Lakeway is like.

Lakeway History

River LakewayThere is evidence of human habitation in the area in and around modern Lakeway dating back to 3,000 B.C. In more recent times, several native tribes including the Tonkawa, Comanche, Apache and Mescalero have settled here, drawn by the availability of flint for arrowheads, a temperate climate, abundant wildlife and streams. Those same attractions brought the first white settlers to the area in the 1800s. According the Texas State Historical Association, the actual town of Lakeway is fairly recent. It was founded on the site of a 2,700-acre ranch owned by Jack Josey, a Houston oilman and rancher. In 1962, G. Flint Sawtelle, John H. Crooker, Jr. and Lee Blocker, three men associated with the Gulfmont Hotel Company, got an option to purchase the land with the purpose of building a hotel and resort community. At the same time, the Lakeway Land Company was formed to sell real estate. Sales began in May, 1963, and the Lakeway Inn and Marina grand opening took place two months later. In 1971, when 300 homes and 1,000 acres had been developed, Lakeway Land was sold to a Dallas investment group. In 1974, a majority of residents and nonresident property owners voted to incorporate and the city of Lakeway was born.1

Relocating to Lakeway

Sunset LakewayResidents and visitors alike will tell you that Lakeway is a great place to live an done that celebrates the lake lifestyle. What began as a retirement and second-home community of 1,020 on the shores of Lake Travis is today a thriving city of 12,500 – a population that has increased nearly 56% since 2000.2 Lakeway is a prestigious, growth-managed community that provides a welcome contrast to the hustle and bustle of urban Austin. The city continues to earn accolades for quality of life. calls Lakeway an “Exceptionally Livable” city, noting low crime rates, sunny weather and a stable housing market.3 Sperlings’ Best Places ranks Lakeway #2 for “most energetic cities,” and #4 for “best cities for teleworking-major metro areas” and “most secure places to live in the U.S. – large metro areas.”4 And Austin Monthly puts Lakeway at the top of its list as the best Austin neighborhood to live if you have a family, citing a perfect location, top-notch schools, an abundance of dining and shopping and exceptional parks and recreation.5

Lakeway Real Estate

Field LakewayWith its reputation as a safe, family-oriented community and its proximity to urban Austin, Lakeway is a highly desirable location and Lakeway new homes are in great demand. A recent overview of Lakeway real estate on gave an average listing price of homes for sale in Lakeway at $603,499, an increase of nearly 5% compared to just one week earlier.6 If you’re looking for new homes in Lakeway, award-winning homebuilder Taylor Morrison is currently offering four- and five-bedroom single-family homes at Enclave at Rough Hollow. Highly regarded among Austin real estate professionals as one of the area’s best neighborhoods, Rough Hollow has been chosen as the site for Austin’s Parade of Homes three years in a row. This exceptional master-planned community is located on limestone cliffs overlooking Lake Travis, with easy access to the Rough Hollow Yacht Club and Marina. Rough Hollow residents enjoy a wealth of outstanding amenities including a water-themed community center with its own private lazy river, state-of-the-art fitness center, spa and waterfront fine dining. The Enclave is the only gated neighborhood within Rough Hollow and is noted for its estate-sized home sites and spectacular views. You will have your choice of nine distinctive one- and two-story floor plans from Taylor Morrison’s popular Signature Series. Homes are priced from the upper $500,000s and range from 3,163 to over 4,950 square feet. They feature Taylor Morrison’s trademark open design concept, tile roofs, stone and stucco exteriors and the company’s high standards of construction excellence. Several homes are available for immediate move-in. Models are open daily at 106 St. Lucia Cove and interested homebuyers are urged to join the VIP interest list.

Lakeway Economy

Bridge LakewayLakeway boasts a lower unemployment rate than the Texas average. Its largest employers include the Lake Travis Independent School District, Lakeway Resort and Spa, and the newly constructed Lakeway Regional Medical Center. According to the U.S. 2012 Census, Lakeway’ median household income between 2006-2010 was nearly twice that of the state as a whole. Lakeway-based industries include professional, scientific and technical services, manufacturing, retail trade, health care, wholesale trade, finance and insurance, and construction.7

Lakeway is also a convenient commute to nearby job centers in Austin, which include headquarters or regional offices for Apple Inc., eBay, Google, IBM, Intel, Texas Instruments, 3M, Whole Foods and Dell. lists Austin as #2 for job growth in America.8

Lakeway Schools

If you have school-aged children, you’ll appreciate the quality of public education in Lakeway, which is part of the acclaimed Lake Travis Independent School District. In 2011, LTISD was rated “Exemplary” by the Texas Education Agency. Lake Travis High was named one of America’s best high schools for college prep by Newsweek. More than 78% of the district’s graduating students go on to college. The district operates one high school, two middle schools and five elementary schools serving over 7,400 students.

There are also several institutions of higher education within 20 miles of Lakeway including the University of Texas at Austin, Saint Edward’s University, Austin Community College and Concordia University.9

Lakeway Living

Dive LakewayLive in Lakeway and enjoy a serene setting where everything you need is just minutes away. Recreation, grocery stores, retail outlets, fine and casual dining, movie theaters and a range of essential services are all within the city limits. The following are a few of the highlights of Lakeway living.

  • Lohman’s Crossing Shopping Center – A family-oriented regional center anchored by Chair King and Tuesday Morning.
  • Hill Country Galleria – a lifestyle shopping center in nearby Bee Cave.
  • Lakeway Resort and Spa – a luxurious destination on the shores of Lake Travis.
  • The Grille at Rough Hollow Yacht Club and Marina – gourmet dining with a view.
  • Parks and recreation - there are more than a dozen public parks and recreational centers in and around Lakeway, including Canyon Trails, City Park, Dragon Park, Heritage Park and Center, Swim Center, Sailmaster Sport Court, Skate Park, Porpoise Park, Live Oak/Lakeway Tennis Center, Hurstcreek and Lakeway Boulevard Linear Park.
  • Wakeboarding LakewayThe Lakeway Activity Center – a city-owned and operated multi-use facility and venue for social, civic and recreational activities.
  • Heritage Center – a facility dedicated to preserving and promoting Lakeway’s history.
  • Lakeway Airpark – a private, unmanned air strip with self-service fuel facility.
  • Community Events – Lakeway has a calendar of year-round events including an indoor community garage sale, movies in the park, Big Band Bash, Goblin Glow and the December Trail of Lights.
  • Medical Facilities – first-class medical facilities in and near Lakeway include Austin Surgical Hospital, The Hospital at Westlake Medical Center, Seton Southwest Hospital and the new Lakeway Regional Medical Center.
  • Boating, fishing and water sports on Lake Travis.

Make Yourself at Home in Lakeway

For more information about Lakeway new homes, new homes in Austin and Travis County real estate, or to schedule a personal viewing appointment at a Taylor Morrison community in the Austin area, contact Internet Home Consultant Heather Fox at 512-845-7350.