— Lakeway·Lakeway, Austin, TX 78734
Updated July 27, 2026
— Lakeway, Austin, TX 78734

Living in Lakeway.

Lake Travis frontage, Hill Country greenbelts, and a 78734 market where median sale prices eased 4.9% year over year.

Median Sale Price
$665K
↓ -4.9% YoY
Price Per Sq Ft
$277
↓ -1.4% YoY
Days On Market
77 days
↑ +60.4% YoY
Sale To List
~96%
→ +0.1% YoY pts
— Market Snapshot · Updated Monthly

Lakeway Real Estate Market — July 2026

Over the rolling three months ending May 2026, the median sale price in ZIP 78734 was $664,803, down 4.9% from the same period a year earlier, and median price per square foot was $277. Homes sold after a median 77 days versus 48 days a year ago, while the sale-to-list ratio held at 96.1%. There were 104 homes sold in the May window, down from 109 a year earlier.

Median Sale Price
$665K
↓ -4.9% YoY
Price Per Sq Ft
$277
↓ -1.4% YoY
Days On Market
77 days
↑ +60.4% YoY
Sale To List
~96%
→ +0.1% YoY pts
Homes Sold
104
↓ -4.6% YoY
— Where the inventory sits
Under $500K11%
$500K-$750K23%
$750K-$1M20%
$1M-$2M28%
$2M+18%
— Data & sources

Sale metrics are Redfin's calculations from MLS and public records for ZIP 78734, reported on a rolling three-month basis ending May 2026 (the most recent period Redfin publishes for this ZIP). The price distribution is not from a banded source: it is approximated by counting Redfin's 221 active single-family listings in 78734 across price filters on July 27, 2026, so it reflects asking prices of current inventory rather than closed sales.

As of July 27, 2026 · redfin.com
— Latest Market Report

Lakeway Market Report: 78734 Prices Ease While Homes Take 77 Days to Sell

Lakeway's 78734 median sale price fell 4.9% year over year to $664,803 for the three months ending May 2026, while median days on market stretched from 48 to 77. Sale-to-list held near 96%, so the shift is showing up as waiting time rather than deeper discounts.

Median price down 4.9% year over year

$664,803 for the three months ending May 2026, with median price per square foot at $277, off 1.4%.

Homes now take 77 days to sell

Up from 48 days a year earlier. Typical listings go pending in about 72 days; faster-moving homes in about 37.

Sale-to-list steady near 96%

96.1%, up 0.06 points year over year. Sellers are conceding time, not materially more price, once a buyer engages.

Inventory skews above $1 million

Of 221 active single-family listings on July 27, 2026, about 46% were asking above $1 million and only 11% below $500,000.

Sales volume nearly flat

104 homes sold in the May 2026 window versus 109 a year earlier, a 4.6% decline. Redfin scores 78734 at 39 out of 100.

Read the full July 2026 report →
— Lifestyle

What It's Like to Live in Lakeway

Lakeway sits on the south shore of Lake Travis in the Texas Hill Country, west of downtown Austin, inside ZIP 78734. The city operates Lakeway City Park, the Hamilton Greenbelt trail network, a Swim Center with a year-round heated six-lane lap pool, an Activity Center, a Heritage Center and a 9,000-square-foot skate park. Golf is dense here: Lakeway Golf Club's Live Oak and Yaupon courses, The Hills Country Club and Flintrock Falls all sit in or beside the city. Homes are zoned to Lake Travis ISD, formed June 12, 1981. Over the three months ending May 2026, the median sale price in 78734 was $664,803, down 4.9% year over year, with homes selling after a median 77 days.

Lake Travis at the Doorstep

Lakeway City Park, waterfront parkland acquired by the city in 1992, has more than two miles of trails and direct Lake Travis access. A paved Lake Loop Trail runs nearly 1.5 miles around the park, which also holds a playground, picnic areas and a dog park.

Lake TravisCity ParkTrails

Hamilton Greenbelt Trails

The Hamilton Greenbelt opened to the public in April 1990, donated by Jack and Myrtle Hamilton along with $260,000 toward maintenance. The network follows Hurst and Yaupon creeks with developed and primitive trails, a bird blind, and trailheads off Lohmans Crossing, Palos Verdes Drive, Sailmaster Street and Clubhouse Drive.

HikingGreenbeltBirding

Golf Inside the City

Lakeway Golf Club operates the Live Oak and Yaupon courses, and The Hills Country Club and Flintrock Falls are also in the immediate area. Falconhead Golf Club and Twin Creeks Country Club sit nearby in the broader Lake Travis area.

GolfCountry Clubs

Swim Center and Skate Park

The Lakeway Swim Center at 3103 Lakeway Blvd runs a heated six-lane, 25-yard lap pool year-round plus a seasonal leisure pool with zero-depth entry, body slides and lily pads. The site also has a 9,000-square-foot skate park, climbing wall, basketball and volleyball courts and concessions.

SwimmingSkate ParkYear-Round

Arts and Free Live Music

The Lakeway Arts Committee programs recurring free events at the Activity Center at 105 Cross Creek Road, including the Big Band Bash with the 17-piece Republic of Texas Big Band. Outdoor concerts and street dances run at the Justice Center, and the Heritage Center hosts committee meetings and ceremonies.

Live MusicArtsFree Events

Lake Travis ISD Zoning

Lakeway addresses are zoned to Lake Travis ISD, which was formed June 12, 1981 after separating from Dripping Springs ISD. Elementary campuses serving 78734 include Lakeway, Serene Hills, Laura Welch Bush, River Ridge and Lake Travis Elementary. GreatSchools, a third-party rater, scores those five campuses from 6 to 10 out of 10.

Lake Travis ISDSchoolsZoning
— Common Questions

Questions People Ask Most About Lakeway

Is Lakeway a buyer's or seller's market right now?

It leans toward buyers. Over the three months ending May 2026, the median sale price in 78734 fell 4.9% year over year to $664,803, and homes took a median 77 days to sell versus 48 days a year earlier. Sale-to-list stayed near 96%, so pricing power eroded mainly through time, not deeper discounts.

What's the median home price in Lakeway (78734)?

$664,803, per Redfin's rolling three-month window ending May 2026 — down 4.9% from the same period in 2025. Median price per square foot was $277, off 1.4% year over year. Active single-family listings today span from under $500,000 to above $2 million.

How long does it take to sell a home in Lakeway?

About 77 days at the median for 78734, up from 48 days a year ago. Redfin rates the ZIP somewhat competitive at 39 out of 100, with typical listings going pending in roughly 72 days and hot homes in about 37.

Who is Jonathan Creath?

A Real Estate Advisor with Kuper Sotheby's International Realty, part of Creath Partners, a 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.

What is there to do in Lakeway?

Lake Travis is the anchor. The city runs Lakeway City Park with about two miles of trails and lake access, the Hamilton Greenbelt trail network along Hurst and Yaupon creeks, a Swim Center with a year-round heated lap pool, plus an Activity Center and skate park.

Which school district serves Lakeway?

Lake Travis ISD, formed June 12, 1981. Elementary campuses zoned within 78734 include Lakeway, Serene Hills, Laura Welch Bush, River Ridge and Lake Travis Elementary. GreatSchools, a third party, rates them from 6 to 10 out of 10; verify current zoning with the district before you buy.

What's happening with new development in Lakeway?

Two threads. The Square at Lakeway has four projects in motion — multifamily, 100-plus townhomes, 34 condos and 63 single-family homes — and Jovie Lakeway, an age-restricted active adult community, opened for move-ins in June 2026. Council also granted $2 million toward the Lakeway Resort and Spa renovation.

How does Lakeway's price mix break down?

Top-heavy. Of 221 single-family homes listed in 78734 on July 27, 2026, about 28% were priced between $1 million and $2 million and 18% above $2 million. Roughly 23% sat between $500,000 and $750,000, and only 11% below $500,000. The $750,000-to-$1 million band held the remaining 20%.

— Upcoming

What's Happening in Lakeway

free

Big Band Bash

The 17-piece Republic of Texas Big Band plays the Lakeway Activity Center at 105 Cross Creek Road, 7-9 p.m. Bring your own beverages and snacks. Presented by the Lakeway Arts Committee; free and open to all ages.

annual

Cool Arts Show

The city's annual Cool Arts Show runs 1-5 p.m. at the Lakeway Activity Center, 105 Cross Creek Road.

annual

City-Wide Indoor Garage Sale

Lakeway's city-wide indoor garage sale runs 8 a.m. to noon at the Activity Center, 105 Cross Creek Road.

registration

Lakeway Community Blood Drive

Community blood drive, 8 a.m. to noon. The city asks donors to register in advance using group code A197.

free

Big Band Bash

September edition of the free Big Band Bash at the Activity Center, 7-9 p.m., with the Republic of Texas Big Band featuring David Cummings and Lisa Clark on vocals.

free

Friday Night Fever at the Park: Buffaloe and the Heard

Free outdoor concert and street dance at the Justice Center, 104 Cross Creek, starting at 7 p.m. Bring blankets, lawn chairs and refreshments. Presented by the Lakeway Arts Committee.

annual

Cornhole Tournament

City-run cornhole tournament at Lakeway City Park, 502 Hurst Creek Road, starting at 10 a.m.

annual

Masterpiece Concert Series

Concert at the Lakeway Activity Center, 105 Cross Creek, 4-5:30 p.m.

free

Big Band Bash

October edition of the free Big Band Bash, listed at the Rough Hollow Event Center, 7-9 p.m., with the 17-piece Republic of Texas Big Band. Donations accepted after the show.

annual

Witches Ride

Lakeway's annual Witches Ride runs 6-9 p.m. at the Activity Center, 105 Cross Creek.

— Community News

What's New in Lakeway

Development

Lakeway approves over $2M in grants for Lakeway Resort and Lakeway Marina

At its July 20 meeting, Lakeway City Council approved more than $2 million in hotel occupancy tax funds. Trestle Studio, which bought Lakeway Resort and Spa in May, received $2 million toward a $29 million renovation covering more than 24,000 square feet of indoor and outdoor gathering space, food and beverage, wellness programming and guest rooms, with completion targeted for May 2028. Funds are dispersed as $1 million in July 2026 and $500,000 each in July 2027 and January 2028. Lakeway Marina requested over $1.1 million; council approved signage and historical restoration and deferred parking lot, boat ramp and advertising decisions to August 17.

Infrastructure

Travis County proposes rebuilding nine Cardinal Hills streets near Lakeway

Travis County is proposing reconstruction and drainage work on nine residential streets currently designated substandard in the Cardinal Hills neighborhood near Lakeway, including Lariat Trail, Lawrence Drive, Sutton Drive, Julie Lane, Richerson Drive, Scott Drive, Kinsey Court and San Antonio Street. The county held an in-person open house July 27 at 5:30 p.m. at the Travis County West Service Center, 4501 RR 620 N., and opened an online open house for feedback running July 27 through August 7.

Development

Square at Lakeway and Jovie Lakeway add hundreds of housing units

Four developments inside The Square at Lakeway are moving forward with hundreds of multifamily units, more than 100 townhomes, 34 condo units and 63 single-family homes, including 23 detached townhouses under construction at The Townhomes at the Square. Jovie Lakeway, an age-restricted active adult community with more than 200 studio, one- and two-bedroom units, began move-ins June 9, 2026. Elsewhere in the Lake Travis area, the Hills at Provence near Bee Cave plans 193 townhome-style units.

— Begin a Conversation

Talk to Someone Who Knows Lakeway

Jonathan Creath

Jonathan Creath

Real Estate Advisor · Kuper Sotheby's International Realty

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.

(512) 406-1086jonathan.creath@sothebysrealty.com
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