Lakeway | Diana Roberts · Compass Austin
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Travis County, Texas · 78734 · Lake Travis ISD

LakewayHomes for Sale

An incorporated lakefront city — marinas, golf, resort amenities, and one of Austin's widest luxury price ranges.

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Lakeway — Diana Roberts Compass Austin
$875K
Median Sold Price
18,000+
City Population
78734
Primary ZIP
22
Avg Days on Market
Top 5%
Lake Travis ISD in Texas
The City

Resort Living.
Established Roots.

Lakeway is unlike most Austin suburbs — it's a full incorporated city with its own mayor, city council, and a lifestyle identity built around Lake Travis. First developed in the 1970s, Lakeway has matured into one of Austin's most established luxury markets.

The city spans multiple master-planned sub-communities including Rough Hollow, Lakeway Highlands, Enclave at Lakeway, and the original lakefront estates along Lakeway Drive. Price ranges span from $600K townhomes to $5M+ waterfront estates.

Diana Roberts serves Lakeway buyers and sellers with the precision of a licensed appraiser who has evaluated hundreds of Lakeway properties — understanding how Rough Hollow HOA amenities, waterfront access, and school proximity translate into certified values.

Ask Diana About Lakeway
Lakeway neighborhood scene Lakeway outdoor amenity Lakeway home exterior Lakeway neighborhood — park, trail, or community green space
Lakeway at a Glance
LocationLakeway, TX 78734
City TypeIncorporated City
Price Range$600K – $5M+
Median Sold~$875K
School DistrictLake Travis ISD
Tax Rate~2.2% (varies by area)
MarinasRough Hollow Yacht Club, Lakeway Marina
Golf3 courses within city limits
HOAVaries by sub-community
Diana's Insider Note

"Lakeway has more sub-community personality than any city I work in. Rough Hollow buyers want resort amenities and a marina. Original Lakeway buyers want mature trees, larger lots, and the feel of an established neighborhood. Knowing which to show each buyer — and why — matters."

Diana Roberts · Licensed General Appraiser · CA Broker · TX Agent

Why Lakeway

Four reasons Lakeway buyers
don't look anywhere else.

◈
Marina Access & Waterfront
Rough Hollow Yacht Club and Lakeway Marina put Lake Travis within minutes. Waterfront estates are among the most coveted — and most complex to value — in Austin. Diana's appraiser credential certifies the premium.
◎
Three Golf Courses
Flintrock Falls, Hills Country Club, and the Lakeway Resort course make Lakeway the premier golf destination in west Austin. Golf course adjacency carries a measurable certified premium.
◉
Rough Hollow Resort Amenities
Lazy river, resort pool, fitness center, tennis courts, and on-site dining — HOA-delivered resort lifestyle baked into property values throughout the community.
◇
Lake Travis ISD
Every Lakeway address feeds into Lake Travis ISD — consistently top 5% in Texas — making school-quality buyers a steady source of demand regardless of interest rate cycles.
Inside Lakeway

Key Sub-Communities.
Each Priced Differently.

Lakeway's sub-communities vary in HOA structure, amenity access, water proximity, and price — often by $200,000–$800,000 for comparable square footage.

01
Resort Amenities · Marina Access · New Construction
Rough Hollow
Lakeway's most amenity-rich community — lazy river, resort pools, fitness, dining, and Rough Hollow Yacht Club. Newest construction and highest price points in the city.
02
Mature Trees · Larger Lots · Established Character
Original Lakeway
The soul of Lakeway. Larger lots, mature live oak canopy, and neighborhood character that newer developments simply can't replicate. Lot size drives value here.
03
Newer Construction · Family-Oriented · Strong Value
Lakeway Highlands
Newer master-planned community with strong LTISD schools, solid lot sizes, and more accessible price points than Rough Hollow. Best value per square foot in the city.
04
Waterfront · Estates · Private
Lakeway Drive Estates
Original lakefront estates along Lakeway Drive and Lohmans Crossing. Some of the most private waterfront properties in the corridor — pricing driven by dock and frontage.
05
Diana's Home Community · Built Out · Hill Country Views
Serene Hills
456 acres, 339 custom homes, no new construction — ever. The most boutique community in Lakeway. Diana lives here and knows every section, lot, and pricing nuance.
06
Gated · Newer Builds · Trail Access
Enclave at Lakeway
A smaller gated community with newer construction, trail connectivity, and a quieter character than Rough Hollow. Strong LTISD access and competitive pricing per square foot.

Diana's Appraiser Note: Lakeway's sub-community premium structure — Rough Hollow HOA amenity value, waterfront footage, golf course adjacency — requires appraiser-level analysis to price correctly. Standard CMAs flatten these distinctions. Diana's certified methodology protects your position on both sides.

Wide Lake Travis waterfront panoramic — ideally at golden hour
Lake Travis ISD

The School District That
Drives Lakeway Demand.

Every Lakeway address is in Lake Travis ISD. The school premium is real, measurable, and consistent through market cycles.

K–5
Multiple LTISD Elementaries
Varies by Lakeway Sub-Area
Serene Hills Elem, Lake Travis Elem, Lakeway Elem — each serving distinct parts of Lakeway with consistent LTISD quality
6–8
Lake Travis Middle School
Lake Travis ISD
Competitive athletics · strong arts program · smooth pipeline to Lake Travis High
9–12
Lake Travis High School
Top 5% in Texas · Multiple State Championships
Strong AP program · nationally recognized fine arts · exceptional college placement
Location

Lake Travis Corridor
At Its Center.

Off RR 620 and Highway 71 — the geographic hub of the Lake Travis luxury corridor.

Hill Country Galleria6 miles
Lake Travis / Marina2–8 minutes
Rough Hollow Yacht ClubWithin city
Bee Cave / Serene Hills10 minutes
4 Area Golf CoursesWithin city
Downtown Austin~25 miles
Austin Airport~30 minutes
Diana's Perspective

"Lakeway is where I send buyers who want the most for their money in a luxury lifestyle without sacrificing school quality or lake access. It delivers both — and it's been doing it since the 1970s. That kind of track record matters when you're making a $1M+ investment."

Diana Roberts · Licensed General Appraiser · CA Broker · TX Agent

Why Diana Is Different Here
◆Certified General AppraiserWaterfront footage, HOA amenity value, golf adjacency — certified, not estimated.
◆Compass Private ExclusivesOff-market Lakeway homes surface to Diana's buyers before anyone else sees them.
◆Knows every sub-communityRough Hollow, Original Lakeway, Highlands, Serene Hills — she knows the pricing delta on each.
◆CA Broker since 2003California-to-Lakeway moves handled as one transaction. No split loyalties, no hand-off.
◆Not a team — just DianaShe handles your file from offer through closing. You always know who to call.
Why Diana · Compass Austin

The credential stack no other agent
in this corridor can match.

Credential

Certified General
Appraiser — Texas

The highest appraiser designation issued by the State of Texas — earned, not conferred. Diana is one of a small number of licensed agents in the Austin market who is also a Certified General Appraiser. That means she prices homes the way banks do: with comparable analysis, cost methodology, and a certification your lender will accept on any transaction, any price point.

Most agents estimate value. Diana certifies it. That distinction is worth real money on both sides of a transaction.

Texas Certified General Appraiser · License Active
Compass Advantage

Coming Soon &
Private Exclusives

Compass is the only brokerage with a national Coming Soon and Private Exclusive platform — giving Diana's sellers exposure to 60M+ potential buyers before a home ever hits the MLS. No days-on-market clock. No price history. No negotiating leverage lost before day one.

Sellers who launch through Compass Coming Soon consistently close at a higher price-per-square-foot than comparable homes that went straight to MLS. Diana's buyers get access to this off-market inventory first — before it's available to anyone else.

Diana Roberts · Compass Austin · Senior Agent
Diana Roberts

23 Years.
$600M+ Closed.

Diana came to real estate from an International Marketing degree at Oxford Brookes University — which is a long way of saying she understands how to position a home, not just list it. She earned her California broker license in 2003, moved into luxury markets, built a practice around precision over volume, and added her Texas license when she and her family moved to Serene Hills.

She is not a team. She does not hand clients off. When you work with Diana, you work with Diana — through offer, inspection, appraisal, and closing.

CA Broker since 2003 · TX Agent · Oxford Brookes Marketing

Questions about credentials, pricing methodology, or the Compass Coming Soon process?

Rough Hollow resort amenities — lazy river or yacht club dock
Golf course or Hill Country view from within Lakeway
Lakeway
Frequently Asked Questions

Lakeway Answered.

Diana responds personally — call (512) 888-8326

What is the difference between Rough Hollow and Original Lakeway?

Rough Hollow is Lakeway's newest and most amenity-rich community — resort pool, lazy river, marina access, and higher HOA fees. Original Lakeway is the established neighborhood with mature trees and larger lots. Prices in Original Lakeway can be lower per square foot but higher per acre. Diana quantifies which is a better value for your specific priorities.

Does Lakeway have waterfront homes?

Yes. Waterfront estates along Lakeway Drive, Lohmans Crossing, and within Rough Hollow. Waterfront pricing is among the most complex in the Austin market — shoreline footage, dock type, water depth, and LCRA setback compliance all affect certified appraised value. Diana's appraiser credential is specifically relevant for jumbo waterfront transactions.

What are property taxes like in Lakeway?

Approximately 2.2% depending on the specific sub-community. On an $875K median home, annual taxes run approximately $19,250. Texas has no state income tax. Diana can provide a precise tax estimate for any specific address.

How good is Lake Travis ISD?

Consistently ranked top 5% in Texas. LTISD outperforms the vast majority of Austin-area districts on graduation rates, college placement, AP enrollment, and athletic achievement. The school premium is real — Diana can demonstrate it with certified comparable sales showing the price gap between LTISD and non-LTISD properties of identical size and condition.

Active Listings

Homes for Sale
in Lakeway

View All on Compass →

Listings updated in real time via Compass. Contact Diana directly for off-market and coming soon properties not shown here.

Your Lakeway Expert

Ready to Buy or Sell
in Lakeway?

Lakeway's sub-community structure and waterfront complexity reward buyers and sellers who bring appraiser-level precision. Diana delivers it — personally.

Bella Vista Cove, Lake Travis

Listed at $4,150,000

6 bedrooms, 6 baths, 2 half-baths, 7,837 Squarefeet

Represented Buyer

Recent Sales