Austin, Texas has become one of the most desirable cities in the United States, attracting professionals, entrepreneurs, and affluent individuals from across the country. As the city continues to grow, certain neighborhoods have emerged as premier destinations for luxury living, offering exceptional amenities, stunning homes, and exclusive lifestyles.
Whether you’re considering a move to Austin or simply curious about where the city’s wealthiest residents call home, this guide explores the top eight most expensive neighborhoods in Austin. From historic enclaves to modern luxury developments, these neighborhoods represent the pinnacle of Austin real estate and showcase the diverse architectural styles and lifestyles available in the Texas capital.
1. West Lake Hills
Just six miles west of downtown Austin, West Lake Hills stands as one of the most prestigious and expensive neighborhoods in the entire city. This exclusive enclave is renowned for its breathtaking views and diverse architectural styles that range from traditional estates to ultra-modern luxury mansions.
Homes in West Lake Hills are situated on generous lots, some spanning up to five acres, providing residents with ample privacy and space. The neighborhood’s geography offers many properties impressive views of the Colorado River, adding to their allure and value.
The area boasts exceptional outdoor amenities, including Barton Creek Wilderness Park, Red Bud Isle, Zilker Park, Lions Municipal Golf Course, and Northwest District Park. For water enthusiasts, Lake Austin provides the perfect setting for various recreational activities.
West Lake Hills is served by the highly acclaimed Eanes Independent School District, which includes nationally recognized Westlake High School, Bridge Point Elementary School, and Hill Country Middle School. This exceptional educational environment is a significant draw for families moving to the area.
With a median home price of approximately $3.8 million and luxury properties ranging from $1.5 million to well over $10 million, West Lake Hills represents the epitome of luxury living in Austin, attracting affluent professionals, executives, and entrepreneurs seeking both privacy and proximity to downtown.
2. Rollingwood
Nestled just across Lake Austin and offering convenient access to downtown, Rollingwood is a picturesque neighborhood characterized by well-maintained properties and tree-lined streets. This highly sought-after area combines serene suburban living with the convenience of city proximity.
Rollingwood homes feature stunning views of Lake Austin and the surrounding hill country. The architectural diversity includes everything from traditional estates to contemporary masterpieces, all meticulously maintained and often situated on generous lots.
Residents enjoy easy access to Zilker Park and the Barton Creek Greenbelt, providing abundant opportunities for outdoor recreation. The neighborhood also offers proximity to high-end shopping and dining options, creating a perfect balance of natural beauty and urban convenience.
The area is served by the excellent Eanes Independent School District, with access to Cedar Creek Elementary School, Hill Country Middle School, and Westlake High School, making it particularly attractive to families with school-age children.
With an average home value of approximately $2.5 million—and many properties commanding significantly higher prices—Rollingwood stands as one of Austin’s most exclusive suburbs and a testament to luxury living in the Texas capital.
3. Tarrytown
Combining established community charm, downtown accessibility, and beautiful architecture, Tarrytown offers a unique blend of historic elegance and modern luxury. Located in Central Austin, this neighborhood features homes ranging from charming 1920s cottages to grand Tudor-style mansions and contemporary luxury residences.
Named after a quaint town outside New York City, Tarrytown perfectly balances old-town style with scenic views. The streets are shaded by mature trees, and some homes enjoy riverfront locations. The neighborhood provides residents with access to golf courses, parks, multiple schools, a public library, and other amenities without leaving the area.
Notable attractions include Mayfield Park and Nature Preserve, a large sanctuary with free-roaming peacocks and lush tree-lined walking trails, and Reed Neighborhood Park, offering six acres of secluded trails and picnic spots. Cultural amenities include Laguna Gloria, a contemporary art museum with a colorful eatery featuring patio seating among lakeside sculptures.
Lake Austin Boulevard hosts multiple dining experiences, including Abel’s on the Lake, an American seafood restaurant with outdoor seating and scenic lake views. The community thrives on Southern hospitality, with flourishing local businesses and regular neighborhood gatherings.
With median home prices around $1.5 million and luxury properties often valued at $3-4 million or more, Tarrytown remains one of Austin’s most desirable and expensive neighborhoods, attracting those who appreciate its unique blend of history, natural beauty, and convenient location.
4. Pemberton Heights
What says “exclusive neighborhood” better than an area with an actual castle? Pemberton Heights, part of the Old West Austin Historic District, features the Pemberton Castle (also known as the Fisher-Gideon House), which started as a water tower and was converted to a small private castle in the 1920s.
This dignified neighborhood offers a perfect balance between historic charm and modern convenience. Homes in Pemberton Heights generally command prices above $1 million and into the multi-million range, with a median price of approximately $2.4 million. Properties range from $1.5 million to over $5 million, featuring classic architectural details and modern amenities.
In contrast to its dignified historic atmosphere, residents enjoy easy access to the vibrant Guadalupe Street with its energetic nightlife. Located right next to the University of Texas at Austin, Guadalupe Street offers diverse dining options from Indian to Mexican cuisine and everything in between.
The neighborhood’s entertainment venues include Hole in the Wall, a historic nightclub with live music daily, along with The Ballroom at Spider House, Antone’s Record Shop, and Cactus Café. For outdoor enthusiasts, Hartford Triangle Park provides a shaded playground and walking trails surrounding beautiful historical homes, while Shoal Creek offers nearly 11 miles of pristine walking paths.
With a population of around 1,500 and a median household income of approximately $160,000, Pemberton Heights attracts affluent professionals and families seeking a blend of historic elegance and modern convenience in a prime Central Austin location.
5. Clarksville
Founded in 1871 by Charles Clark, a freed slave, Clarksville is one of Austin’s oldest neighborhoods and has been designated as a historic district. Located just west of downtown Austin, this charming area has evolved from its origins as one of the first freedman’s towns established west of the Mississippi into a sought-after luxury neighborhood.
Today, Clarksville blends its rich cultural history with contemporary appeal. The neighborhood features a mix of architectural styles, from Victorian-era homes and historic bungalows to modern constructions, with median home prices ranging from $1-2 million and high-end properties exceeding $3 million.
Residents enjoy a highly walkable neighborhood with charming streets lined with local businesses. Culinary highlights include Jeffrey’s and Josephine House for fine dining, while Nau’s Enfield Drug offers a historic pharmacy and soda fountain experience. The area’s proximity to West Austin Park provides green space for recreation and relaxation.
The neighborhood is served by Austin Independent School District, with Mathews Elementary School, O. Henry Middle School, and Austin High School serving the community. This combination of excellent schools, historic charm, and convenient location makes Clarksville particularly attractive to young professionals, families, and long-time residents who value its unique character and central location.
Despite undergoing gentrification over the years, Clarksville maintains its historic character and stands as a testament to Austin’s diverse cultural heritage while offering luxury living just steps from downtown.
6. Barton Creek
Located southwest of downtown Austin, Barton Creek stands out as a premier luxury community built around natural beauty and upscale amenities. This exclusive neighborhood offers a private, high-end lifestyle just minutes from the city center.
The community is centered around the Barton Creek Country Club, which features an 18-hole golf course, tennis courts, spa facilities, and fine dining options. The surrounding Barton Creek Greenbelt provides ample opportunities for hiking, biking, and enjoying the area’s natural beauty, while Barton Creek itself offers settings for fishing and kayaking.
Homes in Barton Creek are often custom-built and feature sprawling estates with large lots, private pools, and expansive views of the surrounding Texas Hill Country. With a median home price of around $2.3 million and properties ranging from $1.5 million to upwards of $10 million, Barton Creek attracts affluent residents seeking a blend of luxury and natural surroundings.
The neighborhood is served by both Austin Independent School District and portions of Eanes Independent School District, with access to Barton Creek Elementary School, West Ridge Middle School, and Westlake High School. With a population of approximately 6,500 and a median household income of $140,000, Barton Creek represents one of Austin’s most exclusive and desirable communities.
7. Old Enfield
Steeped in history and radiating elegance, Old Enfield is one of Austin’s most prestigious historic neighborhoods. Established in 1853, this area is part of the West Austin Historic District and showcases stunning Italian Renaissance and Spanish Eclectic architectural styles.
The neighborhood is filled with lush greenery, from mature tree canopies to hedge fencing and climbing ivy vines, adding to its historic charm and appeal. Residents enjoy close proximity to downtown amenities, including the Texas State Capitol, the University of Texas, delightful restaurants, and bustling shopping centers.
Old Enfield offers a lifestyle that’s both luxurious and convenient, with a median home price of approximately $2.5 million and properties ranging from $1.5 million to over $4 million. The real estate is coveted for its historic charm and prime location, offering a perfect balance of luxury, elegance, and accessibility.
Educational options include Austin Independent School District schools such as Casis Elementary School, O. Henry Middle School, and Austin High School. With a population of about 1,500 and a median household income of approximately $180,000, Old Enfield attracts affluent professionals and families who appreciate its historic character and central location.
8. Bouldin Creek
Within walking distance of central downtown Austin—right across the famous Congress Avenue Bridge—Bouldin Creek offers an eclectic range of architectural styles, from modern luxury homes to charming creekside bungalows. This vibrant neighborhood combines historic charm with contemporary appeal.
Bouldin Creek provides residents with exceptional amenities, including Auditorium Shores at Town Lake, which features an off-leash dog park, walking trails, indoor and outdoor performing arts theaters, the Palmer Events Center, a playground, splash pad, and 9-hole golf course. Cultural landmarks include a bicentennial time capsule and a statue of music legend Stevie Ray Vaughan.
The neighborhood’s proximity to Lady Bird Lake offers opportunities for stand-up paddleboarding, tubing, and kayaking, while its location adjacent to South Congress Avenue provides access to some of Austin’s most popular shopping and dining destinations. Local favorites include Bouldin Creek Cafe and the famous Terry Black’s Barbecue.
With average home values ranging from $900,000 to $1.1 million, and luxury properties often exceeding several million dollars, Bouldin Creek offers a more accessible entry point to luxury living in central Austin while still commanding premium prices. The neighborhood attracts a diverse community, including young professionals and creative types drawn to its trendy atmosphere and close-knit community vibe.
Conclusion
Austin’s most expensive neighborhoods offer diverse options for luxury living, from historic enclaves like Clarksville and Old Enfield to prestigious suburban communities like West Lake Hills and Rollingwood. Each neighborhood has its unique character and amenities, catering to different preferences and lifestyles.
What these neighborhoods share is exceptional quality of life, stunning homes, and prime locations within one of America’s most dynamic cities. Whether you’re drawn to waterfront properties, historic architecture, or modern luxury developments, Austin’s high-end real estate market offers something for every discerning buyer.
As Austin continues to grow and evolve, these neighborhoods remain at the forefront of luxury living in the Texas capital, representing the pinnacle of residential real estate in this vibrant and thriving city.
