Austin Neighborhoods with the Best Schools for $4MM

If you’re looking for a luxury home, but also want your kids to attend highly rated neighborhood schools, you’ve come to the right place. We’ve scoured the market, cross checked school ratings, calculated price and size data to put together this list of luxury Austin neighborhoods with the best schools for $4MM. With this combination of price and school ratings, you’ll find the majority of the neighborhoods on the west side of Austin and even more of them concentrated in the Eanes ISD, a few in the Leander ISD and Lake Travis ISD. Our guide below will tell you a little bit more about each neighborhood, including price and size data as well as homes currently for sale.

Austin Neighborhoods with the Best Schools for $4MM

Not sure which Austin luxury neighborhood you want to live in, but know the general area? We’ve put together a map where we’ve shaded the neighborhoods on our Austin neighborhoods with the best schools for $4MM list. Click on the shaded area for a pop up with a link to its luxury neighborhood guide. Or, scroll down for a profile including price/size data, homes for sale, maps and a link to our neighborhood guide.

Aqua Verde

• Zip Code: 78746
• Lifestyle: Lake Austin Waterfront
• Distance to Downtown Austin: 21 minutes, 11 miles
• Distance to Austin Airport: 23 minutes, 18 miles
• School District: Eanes ISD
• Elementary, Middle, High School: Bridge Point Elementary (7/10), Hill Country Middle (10/10), Westlake High (8/10)
• Gated: No
• HOA: No
• Year Built: 1980s – 2000s
• Average Price: Not Enough Data to Calculate
• Median Price: Not Enough Data to Calculate
• Price Range: $3MM – $10MM
• Average Beds/Baths: 3/3
• Average Square Feet: 2,967
• Median Square Feet: 2,946
• Average Lot Size (Acres): 0.485
• Lot Size Range (Acres): 0.09-1

Aqua Verde is one of a few luxury neighborhoods on our list to have some Lake Austin waterfront properties. Located just south of the 360 bridge, Aqua Verde residents have equidistant access to north Austin and Downtown Austin, making it an ideal choice for someone who might have to go both places. Homes were built over the course of several decades, so you’ll have different architectural styles and some that have been so fully remodeled you’d think they’re brand new. The Lake Austin waterfront properties have boat docks and lake access, so you don’t have to worry about finding a local marina.

For more info and to search homes for sale, visit our Aqua Verde Neighborhood Guide.

Aqua Verde Neighborhood Map

Aqua Verde Homes for Sale

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Bull Mountain

• Zip Code: 78746
• Lifestyle: Panoramic Views
• Distance to Downtown Austin: 18 minutes, 7 miles
• Distance to Austin Airport: 26 minutes, 19 miles
• School District: Eanes ISD
• Elementary, Middle, High School: Bridge Point Elementary (7/10), Hill Country Middle (10/10), Westlake High (8/10)
• Gated: No
• HOA: No
• Year Built: 1980s – 2000s
• Average Price: $3,067,250
• Median Price: $3,372,000
• Price Range: $1.5MM – $4MM
• Average Beds/Baths: 4/5
• Average Square Feet: 4,566
• Median Square Feet: 4,388
• Average Lot Size (Acres): 1.088
• Lot Size Range (Acres): 0.695-2.017

Located off the popular and prestigious Toro Canyon Road, Bull Mountain homes sit on estate size lots and many of them have beautiful, panoramic views. Perched on the top of a hill, you’ll feel like you’re on top of the world. With such beautiful vantage points from every room, many of the homes have oversized windows to be able to enjoy more of nature.

For more info and to search homes for sale, visit our Bull Mountain Neighborhood Guide.

Bull Mountain Neighborhood Map

Bull Mountain Homes for Sale

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Costa Bella

• Zip Code: 78734
• Lifestyle: Lake Travis Waterfront
• Distance to Downtown Austin: 34 minutes, 21 miles
• Distance to Austin Airport: 41 minutes, 28 miles
• School District: Lake Travis ISD
• Elementary, Middle, High School: Lake Travis Elementary (7/10), Hudson Bend Middle (8/10), Lake Travis High (7/10)
• Gated: Yes
• HOA: Yes
• Year Built: 1999-2014
• Average Price: $3,055,500
• Median Price: $3,191,000
• Price Range: $1.8MM – $5.5MM
• Average Beds/Baths: 5/7
• Average Square Feet: 7,027
• Median Square Feet: 6,917
• Average Lot Size (Acres): 1.397
• Lot Size Range (Acres): 1-3.884

Costa Bella is a luxury Lake Travis waterfront community with 62 Mediterranean style luxury estates on 1-4 acre lots. The neighborhood is gated and some of the homes are privately gated for extra security. Some sit on the main body of Lake Travis and have boat slips and docks. If you don’t have a private dock, you can purchase one of the slips in the community marina. Costa Bella also has amenities with a 6,000 sqft clubhouse, swimming pool, tennis courts and private yacht club with slips that can accommodate boats up to 50 feet in length.

For more info and to search homes for sale, visit our Costa Bella Neighborhood Guide.

Costa Bella Neighborhood Map

Costa Bella Homes for Sale

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Davenport Ranch

• Zip Code: 78746
• Lifestyle: Master Planned Community with Hill Country, Golf and Lake Views
• Distance to Downtown Austin: 21 minutes, 12.4 miles
• Distance to Austin Airport: 21 minutes, 17 miles
• School District: Eanes ISD
• Elementary, Middle, High School: Bridge Point Elementary (7/10), Hill Country Middle (10/10), Westlake High (8/10)
• Gated: No
• HOA: Yes
• Year Built: 1980s – 2010s
• Average Price: $2,412,639
• Median Price: $2,065,000
• Price Range: $1MM – $6MM
• Average Beds/Baths: 4/4
• Average Square Feet: 4,260
• Median Square Feet: 3,827
• Average Lot Size (Acres): 0.602
• Lot Size Range (Acres): 0.13-3.331

One of West Austin’s only master planned communities Davenport Ranch home owners enjoy views of the Hill Country and/or Austin Country Club golf course and some even have Lake Austin views. The neighborhoods spans both side of 360 just south of the bridge, so there are many choices for home buyers looking for their next home. Like other neighborhoods in this area, Davenport Ranch is ideal for households that have to go to both downtown and north Austin for work.

For more info and to search homes for sale, visit our Davenport Ranch Neighborhood Guide.

Davenport Ranch Neighborhood Map

Davenport Ranch Homes for Sale

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Davenport West

• Zip Code: 78746
• Lifestyle: Estate Size Lots, Lake Austin or Hill Country Views
• Distance to Downtown Austin: 20 minutes, 11 miles
• Distance to Austin Airport: 23 minutes, 18 miles
• School District: Eanes ISD
• Elementary, Middle, High School: Bridge Point Elementary (7/10), Hill Country Middle (10/10), Westlake High (8/10)
• Gated: No
• HOA: Yes
• Year Built: 1990s – 2000s
• Average Price: $3,732,500
• Median Price: $3,732,500
• Price Range: $1.875MM – $6MM
• Average Beds/Baths: 5/5
• Average Square Feet: 4,956
• Median Square Feet: 4,661
• Average Lot Size (Acres): 1.092
• Lot Size Range (Acres): 0.27-4.74

Davenport West is the newer section of Davenport Ranch and features spacious lots and homes. The neighborhood is small, with only a few streets west of 360 at Westlake Drive. Some of the estates are privately gated for more security as the neighborhood itself is not gated. Streets are on the narrow side giving residents more space on their lots. You’ll also see a lot of mature trees lining the streets and located throughout the lots, which adds privacy and a true nature feel.

For more info and to search homes for sale, visit our Davenport West Neighborhood Guide.

Davenport West Neighborhood Map

Davenport West Homes for Sale

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Island on Westlake

• Zip Code: 78746
• Lifestyle: Gated, Lake Austin Waterfront
• Distance to Downtown Austin: 18 minutes, 7.2 miles
• Distance to Austin Airport: 26 minutes, 17 miles
• School District: Eanes ISD
• Elementary, Middle, High School: Bridge Point Elementary (7/10), Hill Country Middle (10/10), Westlake High (8/10)
• Gated: Yes
• HOA: Yes
• Year Built: 1999-2005
• Average Price: Not Enough Data to Calculate
• Median Price: Not Enough Data to Calculate
• Price Range: $3MM – $9MM
• Average Beds/Baths: 6/7
• Average Square Feet: 7,363
• Median Square Feet: 6,657
• Average Lot Size (Acres): 1.281
• Lot Size Range (Acres): 0.784-1.54

The Island on Westlake is a small, gated luxury community on Island Knoll Drive. A few of the properties back to Lake Austin and have access to the water. The others are more interior lots and though don’t have access to the water, have the benefits of a small gated community with homes on larger lots. With just about 10 homes in the community, you don’t see too many coming up for sale.

For more info and to search homes for sale, visit our Island on Westlake Neighborhood Guide.

Island on Westlake Neighborhood Map

Island on Westlake Homes for Sale

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Lakeshore Addition

• Zip Code: 78746
• Lifestyle: Lake Austin Waterfront
• Distance to Downtown Austin: 20 minutes, 7.6 miles
• Distance to Austin Airport: 30 minutes, 20 miles
• School District: Eanes ISD
• Elementary, Middle, High School: Bridge Point Elementary (7/10), Hill Country Middle (10/10), Westlake High (8/10)
• Gated: No
• HOA: No
• Year Built: 1990s
• Average Price: $5,950,000
• Median Price: $5,950,000
• Price Range: $4MMs – $12MMs
• Average Beds/Baths: 4/5
• Average Square Feet: 4,455
• Median Square Feet: 3,111
• Average Lot Size (Acres): 1.05
• Lot Size Range (Acres): 0.21-5

Lakeshore Addition is the long strip on the west side of Lake Austin across from Tarrytown and Highland Park West Balcones. Nearly all the homes have Lake Austin waterfront and many of them are privately gated. Properties are located on the east side of Westlake Drive so you don’t get too much of a neighborhood feeling. Westlake Drive is a fairly busy road, so although you may not hear it in your house, you’re probably not going to go out for an evening walk. If you don’t need the neighborhood feel, Lakeshore Addition would be a great place to search because the homes are one of a kind.

For more info and to search homes for sale, visit our Lakeshore Addition Neighborhood Guide.

Lakeshore Addition Neighborhood Map

Lakeshore Addition Homes for Sale

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Preserve at Lost Gold Cave

• Zip Code: 78746
• Lifestyle: Close to Downtown
• Distance to Downtown Austin: 16 minutes, 6.9 miles
• Distance to Austin Airport: 17 minutes, 12 miles
• School District: Eanes ISD
• Elementary, Middle, High School: Cedar Creek Elementary (8/10), Hill Country Middle (10/10), Westlake High (8/10)
• Gated: No
• HOA: Yes
• Year Built: 2000s
• Average Price: Not Enough Data to Calculate
• Median Price: Not Enough Data to Calculate
• Price Range: $3MM – $6MM
• Average Beds/Baths: 5/7
• Average Square Feet: 6,885
• Median Square Feet: 6,584
• Average Lot Size (Acres): 1.418
• Lot Size Range (Acres): 1-4

Another small community of less than 20 homes in Westlake, the Preserve at Lost Gold Cave is one where you don’t typically see too many for sale. The neighborhood is tucked away off Stoneridge Road just east of Highway 360, making access to town easy without having to see the freeway. Most of the homes were built in the mid 2000s, so you’ll get homes that are new enough for more modern layouts but old enough to have mature landscaping.

For more info and to search homes for sale, visit our Preserve at Lost Gold Cave Neighborhood Guide.

Preserve at Lost Gold Cave Neighborhood Map

Preserve at Lost Gold Cave Homes for Sale

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Rivercrest

• Zip Code: 78746
• Lifestyle: Lake Austin Waterfront
• Distance to Downtown Austin: 24 minutes, 14 miles
• Distance to Austin Airport: 26 minutes, 19 miles
• School District: Eanes ISD
• Elementary, Middle, High School: Bridge Point Elementary (7/10), Hill Country Middle (10/10), Westlake High (8/10)
• Gated: No
• HOA: No
• Year Built: 1960s-2000s
• Average Price: $5,473,750
• Median Price: $5,473,750
• Price Range: $3MM – $8MM
• Average Beds/Baths: 4/4
• Average Square Feet: 3,259
• Median Square Feet: 2,866
• Average Lot Size (Acres): 0.426
• Lot Size Range (Acres): 0.178-0.91

A collection of Lake Austin waterfront homes built over the course of 40 years, Rivercrest is truly unique. Homes on the west side of the street have Lake Austin access, which you’ll see is quite a few of them. Lots on the east side of the street don’t have Lake Austin access, but they are larger. Rivercrest has had its share of tear down and rebuilds as many of the original homes were 600 sqft boat houses essentially. You won’t find too many of those left, however.

For more info and to search homes for sale, visit our Rivercrest Neighborhood Guide.

Rivercrest Neighborhood Map

Rivercrest Homes for Sale

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Rob Roy on the Lake

• Zip Code: 78733
• Lifestyle: Lake Austin Waterfront, Acreage Lots
• Distance to Downtown Austin: 18 minutes, 9 miles
• Distance to Austin Airport: 19 minutes, 16 miles
• School District: Eanes ISD
• Elementary, Middle, High School: Bridge Point Elementary (7/10), Hill Country Middle (10/10), Westlake High (8/10)
• Gated: No
• HOA: Yes
• Year Built: 1980s – 2000s
• Average Price: $3,706,500
• Median Price: $2,137,500
• Price Range: $1.5MM – $10MM
• Average Beds/Baths: 4/5
• Average Square Feet: 4,552
• Median Square Feet: 4,307
• Average Lot Size (Acres): 1.937
• Lot Size Range (Acres): 0.623-6.674

Rob Roy on the Lake is a section of the popular Rob Roy neighborhood and has homes that are on the lake and homes that feel like they’re more in a suburban neighborhood. The homes that sit on Lake Austin are likely above the $4MM budget, but homes in the rest of the neighborhood are still quite luxurious with outdoor living areas, large lots and estate sized homes.

For more info and to search homes for sale, visit our Rob Roy on the Lake Neighborhood Guide.

Rob Roy on the Lake Neighborhood Map

Rob Roy on the Lake Homes for Sale

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Spanish Oaks

• Zip Code: 78738
• Lifestyle: 24/7 Guard Gated, Private Country Club
• Distance to Downtown Austin: 27 minutes, 17 miles
• Distance to Austin Airport: 28 minutes, 21 miles
• School District: Lake Travis ISD
• Elementary, Middle, High School: Lake Pointe Elementary (7/10), Bee Cave Middle (8/10), Lake Travis High (6/10)
• Gated: Yes
• HOA: Yes
• Year Built: 2000s – 2020s
• Average Price: $3,320,882
• Median Price: $2,925,000
• Price Range: $1.5MM – $8MM
• Average Beds/Baths: 4/5
• Average Square Feet: 5,166
• Median Square Feet: 5,164
• Average Lot Size (Acres): 0.941
• Lot Size Range (Acres): 0.2-7.92

The only 24/7 guard gated community on this list, Spanish Oaks is also home to the most prestigious private country clubs in Austin. In fact, it’s where most of the PGA golfers play when they are in town and live if they live here. Spanish Oaks doesn’t have too many golf course backing homes because the golf course was built first and homes were fit in around it. But, there are many greenbelt lots and privately gated lots for additional privacy.

For more info and to search homes for sale, visit our Spanish Oaks Neighborhood Guide.

Spanish Oaks Neighborhood Map

Spanish Oaks Homes for Sale

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Steiner Ranch

• Zip Code: 78732
• Lifestyle: Gated, Guard Gated, Private Golf Club, Master Planned Community, Lake Austin Waterfront
• Distance to Downtown Austin: 29 minutes, 18 miles
• Distance to Austin Airport: 32 minutes, 28 miles
• School District: Leander ISD
• Elementary, Middle, High School: Laura Welch Bush Elementary (10/10), River Ridge Elementary (10/10), Steiner Ranch Elementary (7/10), Canyon Ridge Middle (8/10), Vandegrift High (7/10)
• Gated: Partially
• HOA: Yes
• Year Built: 1988-2023
• Average Price: $990,276
• Median Price: $850,000
• Price Range: $400k’s – $8MM
• Average Beds/Baths: 4/4
• Average Square Feet: 3,299
• Median Square Feet: 3,168
• Average Lot Size (Acres): 0.282
• Lot Size Range (Acres): 0.1-6.8

Steiner Ranch is one of the largest master planned communities in Austin spanning 4,600 acres. Though not every section of the neighborhood meets the bill of a luxury $4MM house, there are some that do, which is why it made it on to this list. Steiner Ranch is chock full of amenities with three amenity centers, Lake Austin access, private golf club and gated (and even one guard gated) section. If you want a neighborhood where your kids don’t have to leave to find friends, Steiner Ranch is definitely it. Elementary and middle schools are on site so you don’t have have to leave to take the kids in the morning.

For more info and to search homes for sale, visit our Steiner Ranch Neighborhood Guide.

Steiner Ranch Neighborhood Map

Steiner Ranch Homes for Sale

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Summit at West Rim on Mount Larson

• Zip Code: 78746
• Lifestyle: Luxury Gated Community, Estate Sized Lots
• Distance to Downtown Austin: 19 minutes, 6.5 miles
• Distance to Austin Airport: 26 minutes, 16 miles
• School District: Eanes ISD
• Elementary, Middle, High School: Eanes Elementary (9/10), Hill Country Middle (10/10), Westlake High (8/10)
• Gated: Yes
• HOA: Yes
• Year Built: 1999-2021
• Average Price: Not Enough Data to Calculate
• Median Price: Not Enough Data to Calculate
• Price Range: $3MM – $12MM
• Average Beds/Baths: 5/7
• Average Square Feet: 6,781
• Median Square Feet: 6,113
• Average Lot Size (Acres): 1.362
• Lot Size Range (Acres): 0.869-2.122

The Summit at West Rim on Mount Larson is one of the most exclusive luxury gated communities in West Austin. The neighborhood is built on a hill, so many homes will have panoramic Hill Country, city or greenbelt views. Homes are quite spacious and many of them have spectacular pools and outdoor living areas.

For more info and to search homes for sale, visit our Summit at West Rim on Mount Larson Neighborhood Guide.

Summit at West Rim on Mount Larson Neighborhood Map

Summit at West Rim on Mount Larson Homes for Sale

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Vineyard Bay

• Zip Code: 78734
• Lifestyle: Luxury Gated, Lake Travis Waterfront
• Distance to Downtown Austin: 30 minutes, 20 miles
• Distance to Austin Airport: 33 minutes, 27 miles
• School District: Lake Travis ISD
• Elementary, Middle, High School: Lake Travis Elementary (3/10), Hudson Bend Middle (5/10), Lake Travis High (6/10)
• Gated: Yes
• HOA: Yes
• Year Built: Early 1980s to Mid 2000s
• Average Price: $1,680,000
• Median Price: $1,680,000
• Price Range: $1.2MM – $5MM
• Average Beds/Baths: 5/6
• Average Square Feet: 5,983
• Median Square Feet: 5,917
• Average Lot Size (Acres): 1.193
• Lot Size Range (Acres): 0.929-1.684

Located right next to Costa Bella, Vineyard Bay is another Lake Travis waterfront community and one of the few communities with its own security patrol. Some homes have private boat docks and Lake Travis frontage while others are interior and have a little more yard space. There is a community marina, so home owners who don’t have access to the lake from their properties can access it through the community marina. Homes were custom, so you don’t see two that are the same with both floor plan and exterior styles.

For more info and to search homes for sale, visit our Vineyard Bay Neighborhood Guide.

Vineyard Bay Neighborhood Map

Vineyard Bay Homes for Sale

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West Rim

• Zip Code: 78746
• Lifestyle: Gated, Close to Downtown
• Distance to Downtown Austin: 18 minutes, 7.5 miles
• Distance to Austin Airport: 28 minutes, 14 miles
• School District: Eanes ISD
• Elementary, Middle, High School: Bridge Point Elementary (7/10), Hill Country Middle (10/10), Westlake High (8/10)
• Gated: No
• HOA: Yes
• Year Built: 1981-2002
• Average Price: $2,900,000
• Median Price: $2,900,000
• Price Range: $2.8MM – $5MM
• Average Beds/Baths: 5/5
• Average Square Feet: 4,809
• Median Square Feet: 4,391
• Average Lot Size (Acres): 0.91
• Lot Size Range (Acres): 0.28-3.741

West Rim is a community of 96 homes built in the 1980s on estate sized 1-3.5 acre lots. Residents do enjoy access to a private Lake Austin waterfront park, which is a big draw to the community. Trees are large, adding privacy, shade and character to the neighborhood. There are no sidewalks, but traffic through the community is minimal so you often see residents walking the neighborhood.

For more info and to search homes for sale, visit our West Rim Neighborhood Guide.

West Rim Neighborhood Map

West Rim Homes for Sale

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Median and average price is from ACTRIS sold data 10/16/22-10/15/23. School ratings are GreatSchools ratings as of .

Still Not Sure Where to Start? Try our Austin Neighborhood Finder

This was not an exhaustive list of every neighborhood where you’ll find with top rated schools for $4MM. If you’re wanting to dig a little deeper and get a personalized list of what neighborhoods might work for you, check out our Austin Neighborhood Finder. With some info about what you’re looking for, one of our Austin luxury neighborhood specialists will show you where you can find it in Austin. Prefer to speak to talk to us? Call us at (512) 827-8323 and we’ll have one of our Austin luxury neighborhood specialists make some recommendations.

Looking for a Luxury Home in Austin?

Our team of buyer specialists knows the Austin luxury market well and can help you find the best home for you and your family. Having sold more than $250MM of real estate in all types of markets, there isn’t much we haven’t seen or can’t handle. For more info about our team, check out our Austin Home Buyers page. Then, call us at (512) 827-8323, email us at info@11OaksRealty.com or fill out our Buyer Survey to get started.