Best Austin Luxury Neighborhoods for $2MM

If you’re looking for a luxury home in Austin and have a budget of $2MM, there are several neighborhoods that fall within your budget. These neighborhoods do span across all interests, so, if you prefer a golf community, gated, waterfront, acreage – you’ll have at least a few choices. If you’re not familiar with Austin, you might be overwhelmed with where to start, other than price. To help you narrow down your search, we’ve put together a list of the best Austin luxury neighborhoods for $2MM. We’ve included data on lifestyle, area of town, schools, price and size. We’ve also given you a map so you can see where each neighborhood is in relation to the areas of town you need to get to frequently.

Best Austin Luxury Neighborhoods for $2MM Mapped

Here is a map of the 10 best Austin luxury neighborhoods for $2MM so you can see where they are located in the Austin area.

Barton Hills

Zip Code: 78704
Lifestyle: Downtown
School District: Austin ISD
Elementary, Middle, High School: Barton Hills Elementary (9/10), O’Henry Middle (5/10), Austin High (6/10)
Average Price: $2,226,124
Median Price: $1,837,000
Average Beds/Baths: 4/3
Average Square Feet: 2,516
Average Lot Size (Acres): 0.316

Barton Hills is one of the popular, 78704 neighborhoods. Located in the hills just behind South Lamar Blvd, Barton Hills residents get the benefit of being within a short drive to downtown, shopping, dining and coffee and also enjoy a quiet, suburban setting. The neighborhood is partially walkable, though you will be climbing hills. Homes were originally built in the 1940s and 1950s, so you’ll have a mix of older homes with character and brand new homes that were built recently. If you’re looking for a more central location, but still want a neighborhood feel, Barton Hills is a great place to start your search.

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

Barton Hills Neighborhood Map

Barton Hills Homes for Sale

Beecave Woods

Zip Code: 78746
Lifestyle: Nature Near Downtown
School District: Eanes ISD
Elementary, Middle, High School: Cedar Creek Elementary (8/10), Hill Country Middle (10/10), Westlake High (8/10)
Average Price: $1,882,989
Median Price: $1,859,000
Average Beds/Baths: 4/3
Average Square Feet: 2,873
Average Lot Size (Acres): 0.306

Beecave Woods combines nature, proximity to downtown and walkability making it the most unique neighborhood on this list. The neighborhood backs to Eanes Creek giving some of the homes a greenbelt lot. The elementary and middle schools are within walking distance as well as Barton Creek Square mall, where you can find shopping and dining options and Zilker Park, where they hold many large events. Downtown Austin is just a short drive and MoPac is an easy on/off. Homes range from 1970s and 1980s to brand new, so you’ll have options. If you’re looking for everything and don’t want to make any sacrifices, Beecave Woods is about the closest you’ll get.

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

Beecave Woods Neighborhood Map

Beecave Woods Homes for Sale

Lakes Edge

Zip Code: 78738
Lifestyle: Gated, Suburban Condo Near Lake Travis
School District: Eanes ISD
Elementary, Middle, High School: Barton Creek Elementary (9/10), West Ridge Middle (9/10), Westlake High (8/10)
Average Price: $1,911,750
Median Price: $1,912,500
Average Beds/Baths: 5/5
Average Square Feet: 3,816
Average Lot Size (Acres): 0.289

Lakes Edge is a unique community of 118 homes built by Ashton Woods and Trendmaker homes from 2017-2020. The neighborhood is gated with a guard house before the gate, making it an ideal choice for someone looking for a bit more privacy. Homes on the exterior streets back to greenbelt, which makes the yards seem larger than they are and keeps maintenance to a minimum. Outside you’ll see a lot of stucco exteriors with stone accents, which keeps the color scheme in the whites and grey tones. Inside you’ll see upgraded, commercial grade kitchens, open floor plans, modern finishes and grand entrances. If you’re looking for a newer home in a gated community and don’t need an acre of yard space, Lakes Edge is a great place to start your search.

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

Lakes Edge Neighborhood Map

Lakes Edge Homes for Sale

Vineyard Bay

Zip Code: 78734
Lifestyle: Gated, Waterfront
School District: Lake Travis ISD
Elementary, Middle, High School: Lake Travis Elementary (3/10), Hudson Bend Middle (5/10), Lake Travis High (6/10)
Average Price: $1,912,657
Median Price: $1,925,315
Average Beds/Baths: 4/4
Average Square Feet: 4,165
Average Lot Size (Acres): 0.936

Vineyard Bay is a gated, Lake Travis waterfront community where you’ll have both waterfront options with your own dock and interior lots where you can purchase a boat slip at the community marina. The marina is located within the neighborhood, so even if you aren’t on the water, you’ll be able to easily access the water. Though the lake is a big draw for the neighborhood, it’s not the only attraction. The neighborhood is one of the few, gated luxury communities and even more rare that homes sit on 1 acre lots, on average. Vineyard Bay homes are very well kept and have a range of architectural styles. If you’re looking for waterfront luxury, Vineyard Bay is a great place to start your search.

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

Vineyard Bay Neighborhood Map

Vineyard Bay Homes for Sale

Woods of Greenshores

Zip Code: 78730
Lifestyle: Gated, Lake Nearby
School District: Austin ISD
Elementary, Middle, High School: Highland Park Elementary (7/10), Lamar Middle (6/10), McCallum High (6/10)
Average Price: $1,928,333
Median Price: $1,990,000
Average Beds/Baths: 4/5
Average Square Feet: 4,778
Average Lot Size (Acres): 0.381

The Woods of Greenshores is a small, gated community located blocks from the lake. The neighborhood backs to Emma Long Park, so you will have some greenbelt lots that overlook the park. Interior lots are, on average, 0.38 acres. But, given the large size of the homes at upwards of 5,000 square feet, on average, you won’t have too much yard space to maintain. The tax rate in the Woods of Greenshores is one of the lowest around town and that makes it ideal for someone looking to minimize what they pay to the government.

For more info and to search homes for sale, visit our Woods of Greenshores Neighborhood Guide.

Woods of Greenshores Neighborhood Map

Woods of Greenshores Homes for Sale

Highland Park West Balcones

Zip Code: 78731
Lifestyle: Hilly Suburban Near Downtown
School District: Austin ISD
Elementary, Middle, High School: Highland Park Elementary (7/10), Lamar Middle (6/10), McCallum High (6/10)
Average Price: $1,886,190
Median Price: $2,000,000
Average Beds/Baths: 4/4
Average Square Feet: 3,381
Average Lot Size (Acres): 0.397

Highland Park West Balcones is a collection of neighborhoods in Central Austin just west of MoPac. The terrain is hilly, so you will find some homes with spectacular views. Others have more trees and are very private. Lots are larger than average, at nearly 0.4 acres, which gives some extra space between houses. The neighborhood feels suburban with tree lined streets, but is only minutes from downtown, MoPac and other Austin attractions. The trees do give it a natural feel and provide privacy and shade. If you’re looking for something central with some elevation changes, Highland Park West Balcones is a great place to start your search.

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

Highland Park West Balcones Neighborhood Map

Highland Park West Balcones Homes for Sale

Westwood

Zip Code: 78746
Lifestyle: Suburban Near Downtown
School District: Eanes ISD
Elementary, Middle, High School: Eanes Elementary (9/10), Hill Country Middle (10/10), Westlake High (8/10)
Average Price: $2,724,857
Median Price: $2,011,000
Average Beds/Baths: 4/4
Average Square Feet: 3,257
Average Lot Size (Acres): 0.351

First developed in the 1960s and 1970s, Westwood homes have character. Inside many of them have been fully remodeled and others have been torn down and rebuilt with a more modern finish out. The location is ideal for someone who wants the Eanes ISD not too far from downtown. The neighborhood does have some hills, so you will get some houses that sit above the street and others that sit slightly below. Westwood also does not have sidewalks, so it has a unique feel. But, there are no through streets in Westwood, so traffic is minimal and you’ll see people walking for exercise on the street. If you’re looking for a close in location and a house with charm, Westwood is a great place to start your search.

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

Westwood Neighborhood Map

Westwood Homes for Sale

Davenport Ranch

Zip Code: 78746
Lifestyle: Golf and Lake
School District: Eanes ISD
Elementary, Middle, High School: Bridge Point Elementary (7/10), Hill Country Middle (10/10), Westlake High (8/10)
Average Price: $2,122,728
Median Price: $2,027,500
Average Beds/Baths: 4/4
Average Square Feet: 3,724
Average Lot Size (Acres): 0.335

Located off 360 near the Pennybacker Bridge, Davenport Ranch is a popular neighborhood for those who want to be near golf or the lake, but also need the prestigious Eanes ISD. There are several sections of Davenport Ranch, so you’ll find everything from a condo to a large, gated estate. Davenport Ranch was one of the first master planned communities in the area, so you’ll see it is a little different and does have a little more cohesion compared to more established neighborhoods. The location is great for someone who needs to commute to Northwest Austin or downtown Austin, as you can cross the lake quickly and not have to go out of your way. If you’re looking for a true luxury master planned community, Davenport Ranch is a great place to start your search.

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

Davenport Ranch Neighborhood Map

Davenport Ranch Homes for Sale

Escalera Ranch

Zip Code: 78628
Lifestyle: Gated, Country Acreage
School District: Leander ISD
Elementary, Middle, High School: Tarvin Elementary (8/10), Stiles Middle (9/10), Rouse High (5/10)
Average Price: $2,057,250
Median Price: $2,057,250
Average Beds/Baths: 5/6
Average Square Feet: 5,159
Average Lot Size (Acres): 2.373

Located in Georgetown, which is two cities north of Austin, Escalera Ranch is ideal for you if you’re looking for gated but also want more than an acre. On average, lots are about 2.5 acres, but range from 1-6.2 acres. Homes are also on the larger side with the average size hovering around 5,100 square feet. The neighborhood is located off Leander Road, which is directly connected to 35, making it easy to get around town. The neighborhood is gated and tucked behind several mature trees, so if you aren’t mapping to if, you don’t know it’s there. This privacy has been a big selling point to buyers. If you’re looking for land and luxury and don’t mind being a bit outside of Austin, Escalera Ranch is a great place to start your search.

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

Escalera Ranch Neighborhood Map

Escalera Ranch Homes for Sale

Vineyard Estates

Zip Code: 78619
Lifestyle: Country Acreage
School District: Dripping Springs ISD
Elementary, Middle, High School: Walnut Springs Elementary (6/10), Dripping Springs Middle (7/10), Dripping Springs High (6/10)
Average Price: $1,975,000
Median Price: $2,100,000
Average Beds/Baths: 4/5
Average Square Feet: 4,396
Average Lot Size (Acres): 3.053

Similar to Escalera Ranch, Vineyard Estates is a luxury community of homes on acreage size lots. Vineyard Estates lots are, on average, 3 acres and the neighborhood sits right behind the Driftwood Estates Winery. There is some elevation to Vineyard Estates, giving some of the homes views. The neighborhood is one street with a few cul-de-sacs protruding out. Located in Driftwood, residents will feel like they are in Texas versus a generic suburb. There are still ranches, cattle and horses all around and street lights are minimal, so you can see the night sky. If you’re looking for a genuine Texas feel and want some space, Vineyard Estates is a great place to start your search.

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

Vineyard Estates Neighborhood Map

Vineyard Estates Homes for Sale

Median and average price is from ACTRIS sold data 11/16/21-11/15/22. 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 a home around $2MM. 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 neighborhood luxury 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 $200MM 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.