Falconhead golf, Bee Cave trails and a first read on ZIP 78738 prices, pace and inventory from a Galleria-based advisor.
Falconhead-only sales are too few to report reliably, so these figures cover all of ZIP 78738, which also includes parts of Lakeway, The Hills and other Bee Cave neighborhoods. Over the three months ending August 2026, the 78738 median sale price was $976,777, up 13.3% year over year, with 215 homes sold and a median 69 days on market versus 80 a year earlier. Sale-to-list rose to 97.3%, while the Austin metro median fell 6.4% in August.
All metrics are ZIP 78738-wide, not Falconhead-specific: Redfin's calculations from MLS and public records on a rolling three-month basis ending August 2026, retrieved September 28, 2026. Falconhead subdivision data was omitted because the neighborhood boundaries used by Zillow and Orchard appear to take in neighboring subdivisions. The price distribution is not from a banded source: it is approximated by counting Redfin's active single-family listings in 78738 across price filters on September 28, 2026 (238 across the bands), so it reflects asking prices of current inventory, not closed sales.
For the three months ending August 2026, the median sale price in ZIP 78738, which includes Falconhead, rose 13.3% year over year to $976,777 while the Austin metro median fell 6.4%. Homes sold faster, in a median 69 days, and sales rose 9.2% to 215.
$976,777 for the three months ending August 2026, against a 6.4% metro decline in August.
A median 69 days on market versus 80 a year earlier.
215 homes sold in 78738 versus 197 a year earlier.
Price drops fell to 40.2% of homes, down 8.7 points, and sale-to-list rose to 97.3%.
Falconhead-only sales are too thin to report, so all figures describe ZIP 78738.
Falconhead is a neighborhood inside the city limits of Bee Cave, in ZIP 78738, just south of Lakeway. The City of Bee Cave's comprehensive plan lists it among the city's neighborhoods, alongside the separate Falconhead West subdivision. Falcon Head Blvd is home to Falconhead Golf Club, a public par-72 course that opened in 2003. The city's 1.5-mile Hike and Bike Trail runs from Falconhead Blvd south along RM 620 to Bee Cave Central Park and on to the Hill Country Galleria, home to the Bee Cave Public Library and a Sunday farmers market. Homes are in Lake Travis ISD. Subdivision-level sales data is thin, so the market figures on this page describe ZIP 78738 as a whole.
Falconhead Golf Club at 15201 Falcon Head Blvd is a public par-72 course playing 7,181 yards, designed by Chris Gray and opened in 2003. Golf Digest notes its signature par-3 eighth, with a green on a limestone edge 30 feet above a creek.
The City of Bee Cave's 1.5-mile multi-use trail runs from Falconhead Blvd south along RM 620 to Central Park and on to the Hill Country Galleria, so it can be walked, run or biked end to end.
Central Park, just west of the Bee Cave Parkway and RM 620 intersection, has a paved perimeter trail of just over a mile, plus restrooms, water fountains, a dog park and shaded play structures, per the city.
The Galleria's central plaza hosts the Bee Cave Farmers Market every Sunday from 10 a.m. to 2 p.m., rain or shine, plus seasonal events. The Bee Cave Public Library is at City Hall, 4000 Galleria Parkway, and a library card only requires an ID.
Falconhead is in Lake Travis ISD. A February 2026 Neuhaus Realty guide lists Lake Pointe and Bee Cave elementaries for the neighborhood; GreatSchools rates them 10 and 8 out of 10. Assignment varies by street, so confirm with the district's street directory.
Falconhead is a neighborhood inside Bee Cave city limits, ZIP 78738, just south of Lakeway. It includes the public Falconhead Golf Club, connects by a 1.5-mile city trail to Central Park and the Hill Country Galleria, and is in Lake Travis ISD. Falconhead West is a separate subdivision.
Across ZIP 78738 it is balanced to firm. Over the three months ending August 2026, the median sale price rose 13.3% year over year, homes sold after a median 69 days versus 80, and sale-to-list reached 97.3%. Redfin still rates the ZIP somewhat competitive, at 43 out of 100.
ZIP-wide, the 78738 median sale price was $976,777 for the three months ending August 2026, up 13.3%, at $284 per square foot. Falconhead-only figures are too thin to report. About 20% of active 78738 single-family listings on September 28, 2026 asked under $750,000.
A median 69 days for the three months ending August 2026, down from 80 a year earlier, with 215 homes sold versus 197. Redfin says typical homes go pending in around 76 days and sell for about 3% below list, while hot homes go pending in around 41.
Bee Cave kept its city rate at $0.0200 per $100 of valuation for fiscal 2026-27, a rate unchanged for over 15 years; the city estimates about $153.61 on the average homestead. Lake Travis ISD adopted $1.0329, down from $1.0397. County and other units bill separately.
Falconhead is in Lake Travis ISD. A February 2026 Neuhaus Realty guide lists Lake Pointe Elementary and Bee Cave Elementary for the neighborhood, which GreatSchools, a third party, rates 10 and 8 out of 10. Elementary assignment varies by street, so check the district's street directory before buying.
Golf at Falconhead Golf Club, a public par-72 course. The city's Hike and Bike Trail runs 1.5 miles from Falconhead Blvd to Central Park, with its dog park and perimeter trail, and on to the Hill Country Galleria, which hosts a Sunday farmers market and the public library.
A Real Estate Advisor with Kuper Sotheby's International Realty and part of Creath Partners, the family business his father Garry Creath founded in 1971 and brought to Austin in 1989. He sold software to Fortune 500 companies before joining. He holds Texas real estate license #547237.
Self-timed 5K run or walk around the Hill Country Galleria. Check-in at the Central Plaza at 7:30 a.m., race starts at 8 a.m.
Sixth annual festival on the Hill Country Galleria central plaza, 11 a.m. to 5 p.m., with 30-plus vendors, four live music acts and hands-on activities. Free to attend.
Collector cars, hot rods and art cars fill Hill Country Galleria streets, 10 a.m. to 3 p.m., rain or shine. Free for spectators; proceeds benefit the Bee Cave Public Library.
Holiday market in the Hill Country Galleria central plaza on Fridays Dec. 4, 11 and 18 (4-9 p.m.) and Saturdays Dec. 5, 12 and 19 (11 a.m.-7 p.m.).
At its September 22 meeting, Bee Cave City Council kept the property tax rate at $0.0200 per $100 of valuation and approved a fiscal 2026-27 budget of nearly $26 million with an anticipated $1.49 million surplus. Sales tax makes up almost 78% of city revenue. Lake Travis ISD adopted a rate of $1.0329, down from $1.0397. Both take effect October 1.
Bee Cave City Council voted unanimously to void its design contract with PGAL for the planned $31 million public safety building, citing alleged violations of the Texas Public Services Procurement Act; the former city manager's attorney disputes the allegation. Voters approved the city-owned site in May 2025 for a building housing the Police Department and Lake Travis Fire Rescue Station 603. The city is restarting procurement.
Creath Partners was founded by Garry Creath and remains a family business to this day — begun in Colorado Springs in 1971, grown in Lubbock, and brought to Austin in 1989.
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