The town of Lakeway was founded on the site of a 2,700-acre ranch owned by Houston oilman and rancher Jack (Jake) Josey. In early 1962 three Houston business men associated with the Gulfmont Hotel Company-G. Flint Sawtelle, John H. Crooker, Jr., and Lee Blocker-obtained a sixty-day option to purchase the land and plan a hotel and resort community. The name Lakeway was a natural sequel to Gulfmont's Fairway Motor Hotel in McAllen, Texas, so named because it overlooked the fairway of a golf course. Construction of the hotel began in October 1962 and the grand opening was July 12, 1963. Around the same time the Lakeway Land Company was formed with Flint Sawtelle as president, for the development of real estate. In July 1974 a substantial majority of resident and nonresident property owners voted to incorporate with the consent of the city of Austin, and the 1,200-acre village of Lakeway resulted.
First American on the moon, astronaut Alan Shepherd, Jr. was a resident as well as many other well-known folks from actors, authors, musicians and reality stars.
Lake Travis ISD is an exemplary 5-star rated school in academics and sports. No longer a sleepy, golfing community lying along the south side of Lake Travis, Lakeway boasts a hospital, Galleria shopping but an outdoor amphitheater for the Austin music lovers. Nearby resident is our beloved Willie Nelson.
Lakeway - Town
vs. County Stats
Avg Price in Lakeway: $1,135,500
/ County Avg
Avg Taxes in Lakeway: $14,400
/ County Avg
Avg Sq. Ft. in Lakeway: 3,143
Avg Price per/sqft in Lakeway:$361
/ County Avg $449
Avg Walkscore in Lakeway: 17
/ County Avg 34
Avg Year Built in Lakeway: 2005
/ County Avg 1998
Avg Days on Website in Lakeway: 34
/ County Avg 37
Real Estate Market Health