Lakeway, located near Lake Travis in West Austin, offers a mix of scenic beauty and upscale living. It’s a top choice for professionals, families, and retirees due to its proximity to Austin, excellent schools, and resort-style amenities. Key highlights include:
- Home Prices: New constructions start around $600,000, with luxury homes ranging from $800,000 to $1.5 million. Custom estates often exceed $2 million.
- Market Trends: As of September 2025, the median listing price is $799,900, with homes selling at an average of 4.77% below asking price. Homes stay on the market for an average of 92 days, and prices have dropped 8.8% year-over-year.
- Top Communities: Popular neighborhoods include Rough Hollow (lakefront living), Serene Hills (nature-focused), and Lakeway Highlands (family-oriented).
- Builders: Leading names like Toll Brothers, Highland Homes, and Taylor Morrison offer move-in-ready and custom options.
- Lifestyle Perks: Lakeway features golf courses, hiking trails, and lake access, with top-rated schools in the Lake Travis ISD.
Whether you’re seeking a family-friendly community, a luxury retreat, or a nature-focused lifestyle, Lakeway has options for every buyer.
Lakeway New Home Market Overview
Buying a new construction home in Lakeway offers a mix of competition and opportunity. The area is known for attracting buyers who prioritize quality, and builders have stepped up to meet those expectations. Here’s a closer look at what you can expect in this market.
New Home Price Ranges
In Lakeway, new construction homes typically start around $600,000, though this can vary depending on factors like lot size, the builder, and community amenities. At this price point, you’ll often find homes with modern finishes, energy-efficient designs, and access to established neighborhoods with structured HOA communities.
For those looking for more upscale options, the luxury segment spans from $800,000 to $1.5 million. Homes in this range often feature larger floor plans, upgraded materials like stone and hardwood, and outdoor living spaces designed to make the most of the Texas weather.
At the higher end, custom and estate homes often exceed $2 million, especially when built on premium lots or with additional acreage. These properties can include standout features like unique architectural designs, resort-style pools, guest houses, or even direct lake access.
Keep in mind, market conditions can influence these price ranges. Factors like builder incentives, lot premiums, and upgrade packages can significantly affect the final cost of your home. Staying informed about current trends can help you make strategic decisions.
2025 Market Trends
The housing market in Lakeway has become more favorable for buyers in 2025, offering opportunities that were harder to find during previous seller-driven years. As of September 2025, the median listing price is $799,900, with homes selling at an average of 4.77% below asking price. Homes are staying on the market for an average of 92 days, and the median price per square foot is $296. Notably, median listing prices have dropped 8.8% year-over-year.
This shift means buyers now have more inventory to choose from and greater leverage during negotiations. Builders are increasingly willing to offer incentives, upgrade packages, and flexible closing terms. To make the most of this market, buyers should come prepared with pre-approval letters and act quickly when the right property comes along.
Major New Home Communities in Lakeway
Expanding on the market overview, these communities cater to diverse lifestyles and preferences. Whether you’re seeking scenic views, sprawling nature trails, or a welcoming environment for families, these neighborhoods showcase some of the finest new construction homes in Lakeway.
Rough Hollow: Resort-Style Living by the Lake
Rough Hollow is a sprawling, master-planned community covering 1,800 acres along the shores of Lake Travis. It offers a resort-like lifestyle with 22 miles of picturesque hiking and biking trails weaving through the area. To bring neighbors together, the community even has an activities director who organizes events throughout the year. Homes here often feature high-end finishes, with move-in-ready options available from builders like Toll Brothers and Highland Homes. If you’re looking for a blend of luxury and outdoor adventure, Rough Hollow is a standout choice.
Serene Hills: Upscale Living in a Natural Setting
Serene Hills combines luxury with a focus on preserving its natural environment. This boutique community spans 456 acres, with a remarkable 75% (342 acres) dedicated to green spaces and trails, creating a serene, private atmosphere. While it doesn’t have direct access to Lake Travis like Rough Hollow, the lake is just a short drive away. Homes in Serene Hills are designed to offer privacy and elegance, harmonizing with the surrounding landscape for a truly tranquil living experience.
Lakeway Highlands: A Family-Centered Neighborhood
Lakeway Highlands is all about fostering a sense of community and active outdoor living. Designed with families in mind, it offers amenities like parks, recreational spaces, and easy access to the highly-rated Lake Travis ISD schools. This neighborhood’s thoughtful design and family-friendly vibe make it an appealing choice for those seeking a close-knit environment while still enjoying the benefits of Lakeway’s dynamic housing market.
Active Builders in Lakeway
After exploring Lakeway’s standout communities, let’s dive into the builders shaping these neighborhoods. Lakeway’s housing market boasts a lineup of respected builders, each offering their own take on luxury living. Knowing who’s behind the homes can make all the difference when choosing your next property.
Top Builders in the Area
Toll Brothers stands out as a leading luxury builder in Lakeway, particularly active in the sought-after Rough Hollow community. Their homes are known for upscale finishes and carefully thought-out designs, catering to buyers with a taste for elegance.
Highland Homes has made its mark across several Lakeway neighborhoods, offering a diverse mix of architectural styles. Whether you’re drawn to modern Hill Country aesthetics or traditional layouts, Highland Homes delivers. They’re also recognized for their energy-efficient construction and family-friendly, flexible floor plans.
Taylor Morrison brings a focus on forward-thinking design and smart home technology to their Lakeway projects. Their properties are packed with modern amenities that align perfectly with the area’s luxury standards.
In addition to these well-known builders, Lakeway is also home to a number of custom luxury builders. These specialists collaborate directly with architects and homeowners to craft unique, one-of-a-kind estates. Often situated on premium lots with lake views or sprawling acreage, custom homes in Lakeway frequently start at $2 million and go up from there.
Move-In Ready vs. Custom Builds
When it comes to buying a home in Lakeway, one key decision is whether to go for a move-in ready option or a custom build. Both offer distinct benefits, depending on your priorities like timeline, budget, and level of personalization.
- Move-in ready homes are ideal if you’re looking for a quicker move and a predictable price point. These homes typically feature pre-selected finishes and range from $600,000 to $1.5 million.
- Custom builds, on the other hand, are perfect for those who want a home tailored to their exact preferences. While they require more time and investment, the result is a completely personalized space, often exceeding $2 million, especially on premium lots.
Your choice between these options will shape your experience of Lakeway living. Whether you value speed and simplicity or dream of a home built to your unique vision, the builders in Lakeway offer something for everyone, ensuring that every buyer can find a home that fits their lifestyle and needs.
Buyer Tips for Lakeway Homes
Purchasing a home in Lakeway involves more than just finding a property – it’s about matching your financial plans and daily routines with your future aspirations. From community fees to lifestyle perks, here’s what you need to keep in mind.
HOAs and Community Fees
Homeowners Association (HOA) fees in Lakeway’s neighborhoods can vary widely, depending on the amenities and services included. These fees typically cover essentials like landscaping, security, and the upkeep of shared spaces. For example, in Rough Hollow, HOA fees extend to marina access, pools, fitness centers, and maintained trails. In neighborhoods like Serene Hills and Lakeway Highlands, fees often go toward preserving greenbelts, maintaining trails, organizing community events, and providing basic recreational facilities.
Before committing, it’s a good idea to review HOA financial documents and meeting records. This can give you insight into planned upgrades or potential assessments that might impact your budget.
Lake Access and Golf Club Options
Lakeway’s proximity to Lake Travis is a major draw, but lake access can differ depending on the community. Some neighborhoods, such as Rough Hollow, offer private marina facilities and waterfront amenities, while others rely on nearby public boat ramps. Understanding these options ensures your community aligns with your lifestyle, especially if lake activities are a priority.
For golf enthusiasts, Lakeway also boasts several local golf clubs. Some communities even provide incentives or discounted memberships for nearby clubs. Be sure to confirm any lake access features or golf club perks before finalizing your purchase.
Commute and Daily Life Factors
While Lakeway offers a serene lifestyle, commuting to downtown Austin can take longer during peak hours. However, some homes are strategically located for shorter routes, and the availability of reliable high-speed internet makes remote work a viable option.
Everyday conveniences are also worth considering. Local shopping centers handle routine errands, and dining and entertainment options are just a short drive away. Families will appreciate the highly regarded schools in Lake Travis ISD, although school schedules may require planning for longer bus rides or coordinated drop-offs.
Weighing these lifestyle benefits against practicalities like commutes and daily logistics will help you determine if a Lakeway community fits your needs.
Finding Your Lakeway Home in 2025
Lakeway combines luxury, an active lifestyle, and stunning natural surroundings, making it a sought-after destination for homebuyers in the Austin area. Whether you’re dreaming of a waterfront retreat, a home surrounded by nature, or a family-friendly community, Lakeway offers plenty of options to suit your needs.
This vibrant market features popular neighborhoods and trusted builders that cater to a variety of lifestyles. Executives enjoy the prestige and lake access, perfect for hosting and entertaining. Families are drawn to the highly rated Lake Travis ISD schools and secure neighborhoods, while retirees appreciate the scenic golf courses and relaxed pace of life. For many, the lifestyle perks far outweigh the additional commute time.
Home prices in Lakeway range from $600,000 to over $2 million. When budgeting, don’t forget to account for HOA fees, potential golf memberships, and lake-related amenities. Matching your lifestyle with a community’s specific offerings is key to finding the perfect fit. Keep an eye on the market trends as you explore your options.
Get Weekly New Home Updates
In a dynamic market like Lakeway, staying informed is essential. Inventory and pricing can change frequently, with new phases opening in established neighborhoods, builders unveiling updated floor plans, and move-in-ready options becoming available throughout the year.
That’s where Taco Street Locating comes in. They provide weekly updates on new home inventory across Lakeway’s top communities. This service saves you time by delivering curated information tailored to your preferences and budget. Instead of navigating multiple builder websites and community listings, you’ll receive everything you need in one place.
Sign up for your weekly Lakeway new-home inventory list to stay ahead of the market with insights from local experts who understand the unique character of each neighborhood.
Last updated: October 2025.
FAQs
What should I consider when deciding between a move-in ready home and a custom-built home in Lakeway?
When choosing between a move-in ready home and a custom-built home in Lakeway, it often comes down to time and convenience. If you’re looking to settle in quickly and avoid the complexities of construction, a move-in ready home offers a streamlined process. On the flip side, custom-built homes require more patience but give you the freedom to create a space that matches your vision down to the last detail.
Cost is another critical factor to weigh. Move-in ready homes usually come with a fixed price, making them a more straightforward and often less expensive option upfront. Custom homes, however, can vary widely in price depending on factors like size, materials, and finishes, often leading to higher overall costs.
Lastly, consider how much control over customization matters to you. If shaping every aspect of your home’s design, layout, and features is a top priority, a custom home is the way to go. But if your focus is on convenience and being able to move in without delay, a move-in ready home could be the perfect choice.
How do HOA fees and amenities in Lakeway affect the cost of owning a home?
In Lakeway, HOA fees generally fall between $300 and over $400 per month, varying based on the community and the amenities offered. These fees often include perks like marinas, pools, golf courses, and hiking trails, which can elevate the lifestyle but also contribute to higher monthly costs.
While these fees do add to the overall expense of owning a home, they play a key role in maintaining property values and keeping the community well-maintained and appealing. For many buyers, the convenience and access to premium amenities make the cost a worthwhile trade-off, particularly in Lakeway’s highly desirable neighborhoods.
What are the latest real estate trends in Lakeway, TX, and how should they influence my home-buying decisions in 2025?
The real estate market in Lakeway, TX, is settling into a more balanced phase in 2025 following a period of growth. The median home price currently sits at $799,900, marking a modest 6% drop from last year. While this dip offers slightly improved affordability, the market remains competitive, particularly in high-demand neighborhoods like Rough Hollow, where median prices are around $879,000.
Real estate experts suggest that a significant price drop is unlikely this year. This could make it an opportune moment for buyers to step in, especially with steady inventory levels and improved affordability. Whether you’re eyeing a move-in-ready home or planning a custom build, a bit of patience and smart planning can go a long way in securing your dream property in one of Lakeway’s thriving communities.