BEE CAVE
78738 — Bee Cave
Hill-country living near Lake Travis — highly rated schools, newer communities, and the Hill Country Galleria at its center.
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About the Neighborhood
78738 covers the City of Bee Cave and neighboring Lake Travis–area communities such as Spanish Oaks, Falconhead, Flintrock, and Serene Hills, centered on the SH 71 and RM 620 corridors. Over the past two decades it has grown into one of west Austin’s most sought-after areas: newer master-planned and gated neighborhoods, highly rated Lake Travis ISD schools, and everyday convenience anchored by the Hill Country Galleria. It draws families and move-up buyers who want space, views, and strong schools within reach of Austin.
Market Snapshot
Market data as of August 2026 — updated regularly.
~$925K–975K
Median Sale Price
~685
Homes Sold (trailing 12 months)
~$557,000
vs. Austin Metro Median
Upscale / newer construction
Positioning
78738 trades well above the broader Austin market, reflecting newer housing, larger homes, and Lake Travis ISD schools. Pricing spans from townhomes and condos to luxury estates in communities like Spanish Oaks well into the millions, so the right strategy depends heavily on the specific neighborhood. Like the rest of Austin, the market has settled from its 2022 peak into better balance.
Life in 78738
Property Taxes
Rates vary by city, MUD, and emergency services district — confirm the exact rate for any specific property.
Schools
Served by Lake Travis ISD, including Lake Pointe, Bee Cave, Rough Hollow, and Serene Hills Elementary, Bee Cave Middle, and Lake Travis High — confirm zoning for any specific address.
Housing Style
Mostly newer construction — master-planned and gated communities, golf-course homes, and hill-country estates, many with lake or canyon views.
Parks & Outdoors
Bee Cave Central Park and the Bee Cave Sculpture Park, with Hamilton Pool, Reimers Ranch, and Lake Travis a short drive away.
Shopping & Dining
The Hill Country Galleria, H-E-B, Whole Foods, and a growing mix of restaurants along SH 71.
Commute
About 30–45 minutes to downtown via SH 71, depending on traffic.
Just Listed in 78738
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News & Events
Local happenings, market updates, and neighborhood news — updated regularly.
AUG 2026
78738 Market Update — August 2026
Bee Cave remains one of the Lake Travis area's most in-demand markets, with a median sale price well above the Austin average and steady sales activity over the past year. Homes are typically taking a little over two months to sell and closing slightly below list price, so buyers have room to negotiate — while well-presented homes in top school zones continue to attract serious interest.
Growth & Development
Commercial growth along SH 71 and RM 620 continues to shape Bee Cave.
AUG 2026
Steady Growth Along SH 71
Bee Cave's retail, dining, and entertainment options continue to expand around the Hill Country Galleria and along SH 71, and new residential communities keep filling in the surrounding hills. As notable projects come online, we'll track what they mean for 78738 homeowners here.
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