Serene Hills, Lakeway
Serene Hills is a newer development on the west side of Lakeway, built largely from the 2010s onward, and it sits at the top of the Lakeway price range alongside the waterfront-oriented communities. Its appeal is modern construction and newer infrastructure in a city where much of the housing stock dates to the 1970s and 1980s. Mary Hickey's closings there carry a median of $1,779,750 with a top of $2,230,500, though that comes from only two transactions and should be read as an indication rather than a market rate.
Small sample, stated plainly
Two closings is not a data set. The figures on this page are published because they are real transactions with real prices, and suppressed sample sizes are how misleading market claims get made, but they describe two houses rather than a community.
For an actual pricing conversation about Serene Hills, the right input is the current and recent inventory across the whole community, which any agent with MLS access can pull. Ask for that rather than relying on any published median, including this one.
Why newer construction commands a premium here
Much of Lakeway was built in the 1970s and 1980s. A buyer looking at a $700,000 home in an original section is usually also looking at a roof, an HVAC system, and often a septic field that are all at or past typical replacement age.
Newer construction removes that near-term capital expense and adds current energy performance and layouts. That is a real and quantifiable difference, and it explains much of the price gap between Serene Hills and the older sections rather than it being purely a fashion premium.
What to check
On newer construction, the questions shift. Ask about remaining builder warranty coverage and what it actually covers, whether the community is fully built out, and what is planned for adjacent undeveloped parcels.
Confirm current HOA dues and any assessment, and in a still-developing area confirm which school campus is assigned now, since boundaries in growing districts change more often than buyers expect.
Common questions
What do homes cost in Serene Hills?
Mary's two closings there were at a median of $1,779,750 with a top of $2,230,500, in 2022 and 2026. Two transactions is too small a sample to call a market rate, so ask for current inventory before drawing conclusions.
How new are the homes?
Largely 2010s onward, which is newer than most of Lakeway. The 2022 sale at $2,230,500 was a five bedroom home built in 2013.
Is Serene Hills the most expensive part of Lakeway?
It is among the highest-priced areas in the city, alongside waterfront-oriented communities like The Coves at Lakeway which carry a median of $1,250,000 in Mary's record. Which is highest depends on the year and the specific properties trading.
What school district serves Serene Hills?
Lake Travis ISD. In newer developing areas, attendance boundaries change more frequently, so confirm the currently assigned campus for a specific address with the district rather than relying on a listing.
Is there still new construction available?
Availability changes as phases complete. Ask for current builder inventory and the build-out plan for adjacent parcels, particularly if you are buying a lot that currently backs onto open land.
Is it on city sewer?
Newer Lakeway developments are generally on the municipal system rather than septic, which is one of the practical advantages over the older sections. Confirm for the specific address.
How does it compare to Rough Hollow?
Both are newer than the original Lakeway sections. Rough Hollow is a larger master planned community with a marina and extensive amenity centers at a median near $880,000; Serene Hills is smaller with less amenity infrastructure and has closed higher per property in Mary's limited sample.
Do newer homes sell faster here?
Newer construction generally attracts buyers who do not want immediate capital expenditure, which helps. Against that, the upper price tier has a smaller buyer pool and typically takes longer regardless of age. Lakeway averaged about 71 days on market overall.
Are HOA dues higher in newer communities?
Often, particularly where there is amenity infrastructure to maintain. Get the current figure in writing along with what it covers and any assessment under discussion.
Can Mary advise on Serene Hills?
Yes, and she will be direct that her closed sample there is two transactions rather than dozens. She has 151 closings in Lakeway proper overall and can pull full community data. Call (512) 796-4245.