Lake Travis Area NeighborhoodsLakefront property is also very popular in Austin. Real estate prices directly on Lake Travis will start around $600K ranging up to millions of dollars. You can find a home near the lake (not lakefront) starting around $250K in Lakeway, which is located to the southwest of Lake Travis.
Lakeway is a very large, sprawling community, with its own police force. Some homes were built as early as the 1960's, and there is still new building of homes in the area. There are 3 golf courses in Lakeway, one of which is a Jack Nicklaus course that is located next to another Jack Nicklaus golf course. It is the only place in Texas where you can find two Jack Nicklaus courses so near each other.
Lake Travis ISD, located near Lake Travis, is a renowned school district. Prices in Lake Travis vary greatly, ranging from the $100K range to the multimillion dollar range.