Lakeway Homes for Sale

Description:

Lakeway is a picturesque and affluent city situated in Travis County, Texas. This serene community is nestled along the south shore of Lake Travis and is surrounded by rolling hills, stunning views, and abundant wildlife. Lakeway offers a perfect blend of natural beauty and modern amenities, making it a popular choice for families and retirees alike.

Location

Lakeway is situated approximately 25 miles northwest of downtown Austin, Texas. The city is easily accessible from the Austin-Bergstrom International Airport via Highway 71 and Ranch Road 620. The community is known for its tranquil and scenic location, offering residents a perfect escape from the hustle and bustle of city life.

Schools and Day Care

Lakeway is served by the Lake Travis Independent School District, which includes several highly-rated schools: - Lake Travis High School - Bee Cave Middle School - Bee Cave Elementary School - Lakeway Elementary School - Lake Travis Middle School - Serene Hills Elementary School Additionally, there are several reputable daycares and preschools in the area.

Amenities

Lakeway is home to a variety of amenities, including the Lakeway Resort and Spa, which offers golfing, tennis, and a full-service spa. The city also boasts multiple parks and nature trails, such as the Hamilton Greenbelt and Lakeway City Park. There are several boat ramps and marinas located on Lake Travis for water sports enthusiasts. The Lakeway Airpark is a popular destination for aviation enthusiasts.

Shopping

Lakeway offers a variety of shopping options, including the Hill Country Galleria, a premier outdoor shopping mall. There are also several locally-owned boutiques and shops located throughout the city.

Restaurants

Lakeway is known for its vibrant restaurant scene, offering a variety of options ranging from upscale dining to casual fare. Some popular options include: - Josey’s Grill and Bar - Located in the Lakeway Resort and Spa, offering home-style cuisine with an elegant twist. - Johnny Fins - A full-service floating restaurant with multiple dining areas, bars, and outdoor patios. - Rocco’s Grill - A local family-owned Italian restaurant with vibrant hand-painted murals and an extensive wine menu.

Population Insights

As of the 2020 census, the population of Lakeway is approximately 18,835. The city has experienced steady growth over the past decade, making it one of the fastest-growing areas in the Austin metropolitan area. The median age of residents is 45 years, and the majority of the population is highly educated.

Household Insights

Lakeway has a mix of older homes and newer developments, with many homes featuring stunning views of Lake Travis. The community is known for its high quality of life and low crime rates.

Employment and Commute Insights

Lakeway is a thriving community with many employment opportunities. Some of the top employers in the area include Lake Travis Independent School District, Lakeway Regional Medical Center, and the City of Lakeway. Many residents commute to Austin for work, which is approximately a 30-minute drive from the city. The community also offers easy access to the Hill Country and the scenic Texas Wine Trail.

For more information about Lakeway and to start your home search, visit our Lake Travis Neighborhood Guide or explore more nearby areas such as Hill Country and North Austin.

Housing Market Insights

The single-family housing market in Lakeway's 78734 zip code showed positive signs in January 2023. There were 20 single-family homes sold, which is a 25.9% increase compared to the previous month and a 16.5% increase compared to the same period last year.

The dollar volume for single-family homes sold was $21.96 million, up by 17.3% compared to the previous month and up by 12.5% compared to the same period last year. The average price for single-family homes in January 2023 was $1.1 million, a 11.6% increase compared to the previous month and a 2.1% increase compared to the same period last year. The median price for single-family homes was $739,000, a 2.1% increase compared to the previous month and a 1.2% increase compared to the same period last year.

The percentage of original list price received was 89.1%, which is a 0.9% increase compared to the previous month and a 0.1% decrease compared to the same period last year. The days on market for single-family homes in January 2023 was 74 days, which is 15.6% less compared to the previous month and 8.8% less compared to the same period last year.

These numbers show that the single-family housing market in Lakeway's 78734 zip code is experiencing a positive trend, making it a great time for potential buyers to consider purchasing a home in the area.