Lakeway luxury home prices
Lakeway closed 313 sales in the twelve months ending July 2026 at a median of $720,000, roughly $293 per square foot, averaging 71 days on market. The top ten percent of Lakeway sales closed at $1,400,000 and above. Within Lakeway proper the median was $753,500. Waterfront across the Travis County lake area ran considerably higher at a $1,175,000 median.
The numbers
Median closed price of $720,000 across 313 sales. Ninetieth percentile at $1,400,000. Average 71 days on market at about $293 per square foot.
For context, the city of Austin overall closed at a $570,000 median and $344 per square foot. Lakeway costs more per house and less per foot, which is the usual pattern when lots are larger and homes are bigger.
What moves price inside Lakeway
Three things explain most of the spread between two similar sized homes.
- View, particularly an unobstructed lake or Hill Country view that cannot be built out
- Lot usability, since a flat rear yard is scarce on this terrain
- Age and whether major systems, roof, and septic have been addressed
Where it goes above $1.4 million
The top decile is mostly waterfront, large acreage, and recent custom construction with a view.
At that level the buyer pool is small and often out of state, and the marketing has to travel. Expect a longer timeline than the 71 day average.
Common questions
Is Lakeway more expensive than Bee Cave?
By median, Bee Cave came in higher at $835,000 against Lakeway's $720,000 over the same period, though Bee Cave recorded only 34 sales so the number is less stable.
How fast do Lakeway homes sell?
71 days on market on average over the last twelve months.
What is the most expensive part of Lakeway?
Waterfront on the main body, and the ridge lots with protected long views. Both trade well above the neighborhood median.