Falconhead Homes for Sale
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About Falconhead
Falconhead, a prestigious master-planned community in Lakeway, Texas (78738 zip code), offers a luxurious lifestyle nestled in the scenic Texas Hill Country. Developed since 2003, this 700-home neighborhood, located off Ranch Road 620 between Lakeway and Bee Cave, is just 19 miles from downtown Austin and 24 miles from Austin-Bergstrom International Airport. Homes, built by developers like Drees and Taylor Morrison, range from 2,600 to 4,500 square feet, priced from $650,000 to over $1.5M. Featuring Craftsman, Mediterranean, and luxury designs, many properties back to greenbelts or the acclaimed Falconhead Golf Course, offering stunning views. The community includes three sections: the original Falconhead, the gated Heights of Falconhead, and Falconhead West (Spillman Ranch).
Amenities
Amenities center around the PGA-designed Falconhead Golf Club, a public 18-hole course with a pro shop, practice facility, and Talon’s Bar & Grill, plus junior golf classes for ages 7-16. Residents enjoy 3.6 miles of primitive hike-and-bike trails, community parks, and proximity to Lake Travis for boating, fishing, and water sports. The Hill Country Galleria, a five-minute drive, offers dining (e.g., Cafe Blue, Maudie’s) and shopping (e.g., Whole Foods, Dillard’s), while Hamilton Pool and Lakeway City Park provide outdoor recreation.
Market Trends
The Falconhead real estate market is stable but not highly competitive, with a median sale price of $775,000 in Lakeway as of January 2025, up 1.9% year-over-year, and homes selling in about 108 days. Property tax rates in Travis County dropped to 1.4669% in 2023 from 1.7107% in 2021.
Schools
Falconhead is served by the highly rated Lake Travis Independent School District, with students attending Lakeway or Bee Cave Elementary, Lake Travis Middle, and Lake Travis High, known for academic excellence and strong athletics. Falconhead’s blend of luxury, golf, nature, and top schools makes it a prime choice for families.
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