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.[6]
The Lakeway Community is located approximately 25 miles northwest of Downtown Austin. Although Lakeway was previously categorized as a retirement community, recently the community has seen a surge of families moving in to take advantage of recreational areas and the top-notch schools. Lakeway has multiple neighborhoods to suit a diverse range of buyers. As amenities and retail growth continues in and around the community, Lakeway desirability will continue to grow.
Lakeway has a wide array of neighborhoods that range from one bedroom condos to multi-million dollar homes. There is a lot of new construction throughout the Lakeway community with older homes and neighborhoods intermixed. Most neighborhoods branch off of Lakeway Boulevard, the main thoroughfare.
