Six neighborhoods stand out across Lakeway for buyers, retirees, and buyers drawn to the Hill Country lifestyle. Rough Hollow anchors the list with direct Lake Travis waterfront access and a full-service marina. Flintrock Falls offers a gated, golf-centered setting with mature landscaping, while Lakeway Highlands delivers newer construction and elevated Hill Country views in a master-planned layout. Serene Hills rounds out the top picks with a community-oriented feel and wooded homesites. All six feed into Lake Travis ISD.
Match your priority to a neighborhood
| Your Priority | Start With |
|---|---|
| Marina access, 20+ miles of trails and resort-style pools | Rough Hollow (#1) |
| Guard-gated living with golf, tennis and country-club recreation | The Hills of Lakeway (#2) |
| Championship golf and Hill Country course views | Flintrock Falls (#3) |
| Custom homes, trail access and protected Hill Country greenbelts | Serene Hills (#4) |
| Newer construction near pools, trails and Lake Travis recreation | Lakeway Highlands (#5) |
| Older Lakeway homes, larger lots and mature tree canopy | Old Lakeway (#6) |
Rough Hollow
Rough Hollow is Lakeway’s premier lakeside community, built along the steep terrain above Lake Travis with a private marina, resort-style pools, and miles of hiking trails. Homes here skew toward higher price points, and the Lake Travis ISD assignment adds appeal. The 30–35 minute commute to downtown Austin runs smooth off-peak but can stretch during rush hour on 620 and Bee Cave Road. Buyers should budget for HOA fees that reflect the amenity package.
- Lakefront Living Private marina and boat slips give direct access to Lake Travis
- Hill Country Terrain Steep canyon trails and resort pools built into the natural landscape
- District Schools Lake Travis ISD consistently ranks among the Austin area’s strongest districts
- Upscale Price Point Larger custom homes on premium lots command higher price points in Lakeway
The Hills of Lakeway
The Hills of Lakeway is a gated community built around the Hills Country Club, offering established luxury homes on mature, landscaped lots. Lake Travis ISD serves the area, and the gated entry adds a layer of privacy that most Lakeway neighborhoods lack. Expect a 30–35 minute commute to downtown Austin during off-peak hours. Homes here carry premium pricing, and HOA fees reflect the golf course and clubhouse amenities, so factor those into your monthly budget.
- Gated Golf Course Living surrounded by the Hills Country Club with established luxury homes on mature lots
- Lake Travis ISD Schools the district consistently ranks among the in the Austin metro
- Spacious Wooded Homesites large lots with mature landscaping and Hill Country tree cover throughout
- Controlled Access Community gated entry provides added privacy and a quieter residential feel
Flintrock Falls
Flintrock Falls centers on the Nicklaus-designed golf course, giving residents a country-club layout with rolling Hill Country terrain and mature tree cover. Homes here skew larger and higher-end, so expect pricing well above Lakeway’s median. Lake Travis ISD serves the area, and the 30–35 minute off-peak commute to downtown Austin is standard for this part of the corridor. Buyers who don’t play golf still get the open-space buffer, but HOA dues reflect the amenity package.
- Golf-course living Nicklaus-designed course anchors the community with panoramic Hill Country views
- Upscale homes Larger estate-style properties set among mature oaks and rolling terrain
- Strong public schools Lake Travis ISD serves the neighborhood with district academics
- Country-club atmosphere Resort-style amenities and low-density layout appeal to move-up buyers
Serene Hills
Serene Hills sets itself apart with dedicated greenbelt preserves and miles of private hiking and biking trails woven through the community. Homes here skew toward custom builds on larger lots, giving buyers more architectural variety than most Lakeway subdivisions. Lake Travis ISD serves the area, and the 30–35 minute off-peak commute to downtown Austin keeps the location practical for daily drivers. The tradeoff: premium pricing reflects that trail access and natural buffer.
- Greenbelt Living Private hiking and biking trails wind through dedicated nature preserves
- Custom Homes on Acreage Larger lots give space for personalized builds with Hill Country views
- Lake Travis ISD Schools Buyers benefit from the school district
- Quiet Remove, Close Access Minutes from Hill Country Galleria shopping and Highway 71 corridors
Lakeway Highlands
Lakeway Highlands is one of the newer large-scale developments in Lakeway, built along the western edge of the Rough Hollow corridor with direct access to trails and Lake Travis. Homes here skew newer construction with modern floor plans and community amenities still being built out. The 30–35 minute off-peak commute to downtown Austin is standard for this part of the lake. Lake Travis ISD serves the area, though school assignments vary by address within the development, so verify your specific campus with the district before committing.
- Newer Hill Country Development Master-planned community along the western edge of the Rough Hollow corridor
- Lake Travis Access Trail connections and proximity to the lake built into the neighborhood layout
- Move-In Ready Construction Homes here skew newer with contemporary floor plans and modern finishes
- Lake Travis ISD Schools Families are zoned to the school district
Old Lakeway
Old Lakeway sits on the original stretch of development closest to Lake Travis, where mature oak canopy and larger lots give the area a character most newer Lakeway sections lack. Homes here tend toward 1980s and 1990s construction on generous plots, offering more yard and privacy than the gated communities built later. Lake Travis ISD serves the area. The 30–35 minute off-peak commute to downtown Austin is manageable, though peak hours add time. Buyers should budget for updates on older builds.
- Mature Oak Canopy large wooded lots with established trees most newer sections cannot match
- Original Lakeway Core closest neighborhood to Lake Travis with direct waterfront proximity
- Lake Travis ISD Schools buyers access the school district
- Spacious Homesites larger parcels and lower density create a quieter residential feel
How we rank Austin neighborhoods
Rankings reflect editorial assessment across multiple factors: price positioning relative to the metro median, school district performance verified through TEA accountability data, commute access to major employment corridors, neighborhood amenities, and development momentum. Price ranges are compiled from publicly available listings and competitor market research, not proprietary MLS data. School district boundaries are verified through the TEA Arc GIS boundary layer. Walkability, dining, value, and commute ratings are editorial assessments on a relative scale, not measurements from any scoring service. For a side-by-side comparison, see the Lakeway neighborhood directory.
How Do Lakeway Neighborhoods Compare on Value and Features?
Lakeway’s neighborhoods span a wide range of lot sizes, construction eras, and amenities. Old Lakeway offers established homes on mature lots from the 1970s through 1990s, while Lakeway Highlands and Serene Hills feature newer construction from the 2010s and 2020s on larger homesites. Rough Hollow combines waterfront access with a resort-style amenity center. Flintrock Falls centers on its private golf course, and The Hills of Lakeway delivers a country club lifestyle with multiple course options. Buyers comparing value should weigh lot size, build era, and included amenities rather than price alone.
Which Lakeway Neighborhoods Have the Best School District Access?
Every neighborhood in this roundup falls within Lake Travis ISD, so district-level access is consistent across all six. Lake Travis ISD has maintained strong TEA accountability ratings, making school quality a shared advantage rather than a differentiator between neighborhoods. Specific campus assignments vary by address within the district, so buyers should verify their assigned schools directly with Lake Travis ISD before making a decision. The uniform district coverage means school access does not need to drive your neighborhood choice in Lakeway.
How Do Commutes Compare Across Lakeway Neighborhoods?
Most Lakeway neighborhoods sit within a few minutes of each other, so commute differences are modest. RR 620 is the primary corridor into Austin, and all six neighborhoods reach downtown in roughly 30 to 35 minutes during off-peak hours. Rough Hollow and Lakeway Highlands sit closest to 620, giving them a slight edge. Flintrock Falls and The Hills of Lakeway route through Lakeway Boulevard to reach 620. Peak-hour traffic on 620 adds meaningful time, so buyers commuting daily should test the drive during rush hour before committing.
What Should Buyers Know About Property Taxes in Lakeway?
Lakeway property taxes reflect overlapping jurisdictions: Travis County, Lake Travis ISD, the City of Lakeway, and any applicable utility or municipal districts. Some newer communities like Lakeway Highlands and Serene Hills may carry additional MUD or PID assessments that increase the total beyond the base. Exact rates vary by parcel, so buyers should verify their total effective rate with the Travis County Central Appraisal District (CAD) before closing. Budget for potential supplemental assessments in master-planned communities, and confirm whether any homestead exemptions apply.
Which lane fits your goals?
6 neighborhoods, 6 different paths
Lakeway gives buyers six distinct price points and lifestyles within a few minutes of each other. Rough Hollow and Flintrock Falls anchor the luxury tier with waterfront access and resort-style amenities. Serene Hills and Lakeway Highlands offer newer construction at more moderate price points. The Hills of Lakeway sits in the middle with established lots and lower HOA costs, while Old Lakeway delivers walkability to the Village and direct lake proximity that newer communities can’t replicate.
School assignments across these neighborhoods fall under Lake Travis ISD or Eanes ISD depending on the specific address, so verify your assigned campus with the district before making a final decision. Start with the lifestyle you want, then match it to the neighborhood that delivers it.
Neighborhood FAQs
Which school district serves neighborhoods in Lakeway?
What types of homes are available across Lakeway neighborhoods?
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How do property tax rates compare across Lakeway neighborhoods?
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