New Homes by Suburb
New Construction Homes in Lakeway
West of Austin on Lake Travis, Travis County. A buyer-side guide to new construction in Lakeway, with live listings, the builders and communities here, schools, taxes, and the honest tradeoffs.
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Get an agent on your side of the table
The builder's agent works for the builder. I work for you, and the builder pays my fee in most cases, disclosed in writing before we tour. Ask me anything; I reply personally, usually the same day.
The short answer
Lakeway is an affluent, established community on Lake Travis about 20 to 25 miles west of Austin in Travis County, and one of the metro's premier luxury new-home areas. New construction here is limited and higher-end: because the area is largely built out, most new homes are custom and semi-custom lakefront and hillside estates, plus a few master-planned sections like Rough Hollow. As of 2026, new homes generally start around $680,000 and reach well over $5 million, with a new-construction median near $1 million, all zoned to top-rated Lake Travis ISD.
Live from the MLS
14 new homes for sale in Lakeway
- Median price
- $1,972,500
- Median $/sq ft
- $432
- Median size
- 4,340 sf
- Typical home
- 5 bd
Live medians across every active new-construction listing in Lakeway, straight from the MLS. See the full Austin market report.
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New ConstructionBased on information from Unlock MLS (the Austin Board of REALTORS, ACTRIS) for the period through the most recent sync. Listing data is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. All information is deemed reliable but is not guaranteed and should be independently verified. Properties may be listed by brokerage firms other than Austin Marketing + Development Group; the listing broker is shown with each home where the MLS provides it.
At a glance
Lakeway new construction, by the numbers
- County
- Travis County
- School districts
- Lake Travis ISD
- Price range
- Lakeway is a luxury market. As of 2026, new construction generally starts around $680,000 for the most attainable product and runs well over $5 million for custom lakefront and hillside estates, with a new-construction median near $1 million. Affordable entry-level new homes are essentially absent here.
- Commute
- Downtown Austin is roughly 20 to 25 miles east, about 30 to 45 minutes off-peak and 50 to 75 minutes in weekday rush hour (mid-2026), via RR 620, SH-71, and MoPac. Lakeway sits on the west side away from the north and east tech corridors, so commutes to those job centers run longer, and RR 620 congests at peak hours. Many residents work from home or in west Austin.
- Location
- West of Austin on Lake Travis
Where to buy
Communities in Lakeway
- Rough Hollow (lakeside master-planned)Taylor Morrison, Drees Custom Homes, Jenkins Custom Homes
- Serene HillsCustom and semi-custom builders
- Flintrock FallsCustom builders in a golf community
- Lakefront and hillside custom homesIndependent Hill Country custom builders
Who builds here
Active builders
- Taylor Morrison
- Drees Custom Homes
- Jenkins Custom Homes
- Independent custom builders
Before the base price
Lake Travis ISD is the primary school levy. Some newer Lakeway-area master-planned communities such as Rough Hollow and Serene Hills carry a MUD that adds its own rate, while established custom homes outside a district often sit lower. Combined effective rates generally run about 1.9 to 2.5 percent. Water, wastewater, and steep-lot considerations vary, so confirm the details for the exact lot.
How MUD and PID taxes work →Honest tradeoffs
The case for and against Lakeway
No suburb is right for everyone. Here is how I would frame it for a client.
The case for
- Lake Travis lifestyle with lake access, hillside views, golf, and resort amenities
- Top-rated Lake Travis ISD, one of the metro's most sought-after school districts
- Prestige address with strong luxury resale demand
- Both custom lakefront estates and master-planned options like Rough Hollow
- Established amenities, dining, and marinas, unlike newer outer suburbs
The case against
- Expensive, with essentially no affordable new construction and a median near $1 million
- Very limited new-home selection, since the area is largely built out
- Far west on Lake Travis, so the north and east job centers are a long, cross-town commute
- RR 620 congestion and steep, wooded lots that raise build and insurance costs
- Some communities carry MUD taxes, and water and wildfire considerations apply
On your side of the table
What a buyer’s agent watches for in Lakeway
- +On hillside and lakefront lots, price steep-lot foundations, retaining walls, and site work that can add six figures to a custom build
- +For a lakefront home, verify lake-access rights, boat-dock permits, and LCRA and waterfront restrictions before you assume the view is buildable
- +Confirm whether the section, such as Rough Hollow or Serene Hills, carries a MUD and what the combined rate is
- +Budget for land, custom finish-out, and change orders beyond the base contract, which move the true all-in price substantially at this level
- +Have independent representation on a multimillion-dollar custom or builder contract, where the terms are written to favor the seller
- +Assess wildfire exposure and insurance cost on wooded, steep Lake Travis lots, which can be significant
On new construction the builder pays my fee in most cases, disclosed in writing before you tour, so all of this is on your side. Updated August 14, 2026.
Narrow it down
Other ways to search Lakeway
Same inventory, filtered the way buyers actually shop: by move-in timing, by budget, or by the shape of the house.
Good to know
Lakeway new construction, answered
- How much do new construction homes cost in Lakeway in 2026?
- Lakeway is a luxury market. New homes generally start around $680,000 and run well over $5 million for custom lakefront and hillside estates, with a median near $1 million. Affordable entry-level new homes are essentially absent.
- Is there much new construction in Lakeway?
- Not much. The area is largely built out, so most new homes are custom and semi-custom lakefront and hillside estates, plus a few master-planned sections such as Rough Hollow.
- What school district serves Lakeway?
- Lakeway is served by top-rated Lake Travis ISD, a major draw for buyers. Verify the attendance zone for the exact address.
- Do Lakeway new homes have MUD taxes?
- Some newer master-planned communities such as Rough Hollow and Serene Hills carry a MUD, while established custom homes outside a district often sit lower. Combined rates generally run about 1.9 to 2.5 percent. Confirm for the specific lot.
- How far is Lakeway from downtown Austin?
- About 20 to 25 miles, roughly 30 to 45 minutes off-peak and 50 to 75 minutes in rush hour via RR 620, SH-71, and MoPac as of 2026. It sits on the west side, farther from the north and east tech corridors.
- Is Lakeway a good place to buy luxury new construction?
- It is one of the metro's premier luxury new-home areas, ideal for buyers who want the Lake Travis lifestyle, top Lake Travis ISD schools, and a custom or semi-custom estate, and who accept the price and a longer west-side commute.
Related
Keep exploring
- 01New Homes by SuburbCompare new construction by Austin suburb: price, commute, taxes, and schools.
- 02Search New Construction HomesLive new-build MLS listings across the Austin metro, filterable by price and build status.
- 03New Home Cost CalculatorSee the real monthly cost of a new Austin home, MUD and PID taxes included.
- 04New Homes by BudgetNew construction under $300K, $400K, and $500K, with the suburbs that fit each.
- 05Do You Need a Buyer's Agent?Why the builder's on-site agent is not on your side, and why the builder pays for your agent.
- 06New Construction InspectionsWhy a new home still needs an inspection, and the three that catch the costly defects.
Builder-paid representation
Thinking about Lakeway?
Before you tour a builder in Lakeway, get your representation registered so the builder covers my fee in most cases, and get the real tax rate, the current incentives, and honest builder notes. Luke replies personally.
Luke Allen
Licensed Texas REALTOR, TREC #788149
Austin Marketing + Development Group