City of Lakeway
Nestled in the western corner of Travis County, Lakeway is ideally situated on the south shore of Lake Travis in the scenic Texas Hill Country. Located about 25 miles west of downtown Austin, Lakeway is a resort community complete with golf courses, tennis courts, marinas, a private airport, a full-service hotel and spa, a 65-mile long lake, 100 acres of parkland and trails, and nearly 500 acres of greenbelts. It is considered one of the finest small cities in the Austin metro area.
Lakeway is a unique, prestigious, growth-managed community with a full-service city government. The City provides police, court, building and development, parks and recreation, streets and drainage, and solid waste management services. Lake Travis Fire Rescue (Travis Co. ESD #6) provides fire suppression and emergency medical response, and municipal utility districts provide water and wastewater services. The Lakeway City Charter establishes a council-manager form of government. The mayor and six councilmembers are elected at-large, and serve as the legislative body of the city. The city manager reports directly to the city council and administers the day-to-day affairs of the city, implementing the policies established by council and ensuring that the city operates in a fiscally responsible manner. The City’s primary sources of revenue are property tax, sales tax, and franchise fees.
The City of Lakeway began as a retirement and second-home community. Now, families are drawn to the “lake lifestyle”, the city’s award-winning parks and recreation programs and facilities, and Lake Travis ISD’s renowned schools. Active empty-nesters and young professionals are attracted to the city’s natural beauty, proximity to Austin and endless recreational activities including tennis, golf, hiking, biking, picnicking and camping, fishing, boating, swimming, and scuba diving. Lakeway residents are active in their community and take great pride in the city and its unique history.
Well-managed growth is the hallmark of this upscale lakeside community. The 2010 U.S. Census population was 11,391, up from 8,002 in 2000. The city’s commercial corridor encompasses Ranch-to-Market Road 620, near the city’s eastern boundary. The area’s largest employers include the Lake Travis Independent School District, the Lakeway Resort and Spa, and the Baylor Scott & White Medical Center-Lakeway. According to 2010 U.S. Census, the 2006-2010 median household income in Lakeway was $96,771--nearly twice that of the state of Texas as a whole. The estimated median housing value for the same period was also higher--$362,800 compared to $123,500 for Texas. Schools in Lakeway rate among the best in the country. For 2017 state accountability (most recent year available), the school district and each of its campuses earned a rating of ‘Met Standard’ by the Texas Education Agency. State accountability ratings are based on four performance indexes: student achievement, student progress, closing performance gaps, and postsecondary readiness. More than 78% of the district’s graduating students go on to college after high school. Lake Travis ISD operates one high school, two middle schools, and six elementary schools with a third middle school scheduled to open in fall 2019. There are several colleges within 20 miles of Lakeway, including the University of Texas at Austin, Saint Edward’s University, Austin Community College, and Concordia University.
Providing a soothing contrast to the rapidly growing Austin metro area, Lakeway is a community you can choose to visit on weekends, or live in full time. Lakeway offers a relaxing “lake lifestyle” and the opportunity to live and work where you play.
City of Lakeway Properties
About the Neighborhood
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Any home sales data appearing on this page is obtained from public record sources (or estimates, for non-disclosure states) as provided by OnBoard, LLC and does not comprise an appraisal or a Comparative Market Analysis (CMA). This information should not be used to replace a professional appraisal nor to determine the price of a particular property.