Bee Cave Real Estate Market
Bee Cave Community Summary
The growing small city of Bee Cave, Texas is located just 17 miles from Austin and is less than a 30-minute drive from the Austin-Bergstrom International Airport. Texas Highway 71 and 620 are the main routes through the area, providing access to central Austin from the south & northwest. Home to about 5,000 residents, Bee Cave is part of Travis County. The city primarily uses zip code 78738. The Bee Cave area is popular with commuters and is known for outdoor recreation, including golf courses and the numerous activities offered by Lake Travis.
The Austin-area real estate market continues to look promising as job growth leads to increased housing demand. Suburban cities like Bee Cave are booming as their status as commuter-friendly options just outside of Austin city limits grows. Central Texas has seen positive trends in both employment statistics and housing prices over the last seven years. Home prices in Bee Cave have increased by an average of eight percent over the past year and are projected to rise by about 3.5 percent in the next year.
Bee Cave Home Prices
The median home price in Bee Cave is in the upper-400s. Single-family homes of about 2,000 to 3,000 square feet of living space make up most of the market, though some condos, townhomes, and apartments are available. Home prices start in the low-300s. There is plenty of new construction in developments such as Monterey at Bella Colinas. Luxury real estate, with price points ranging from one to nearly five million, dots the city in communities like Spanish Oaks and Meadowfox Estates.
The most common architectural styles among Bee Cave real estate are ranch houses and Spanish Colonial-influenced homes. Contemporary two-story types are also plentiful, particularly in planned communities.
Bee Cave Highlights
- Average commute time of 25 minutes
- Major medical and technology employers
- Outdoor recreation and watersports at Lake Travis
- Excellent Falconhead Golf Course
- Several large shopping centers including Hill Country Galleria
- Highly-rated Lake Travis schools
Bee Cave is known for its arts scene; the Bee Cave Arts Foundation hosts an arts camp and has placed art installations throughout the city, including the seven-acre Sculpture Park. Shopping enthusiasts will find plenty of opportunities in Bee Cave. The Hill Country Galleria is home to more than 100 shops, restaurants, and service locations. The Lone Star Farmers Market features more than 40 vendors and hosts live music and family activities on Sundays. Some of the city’s most popular eateries include Meridian 98, Baguette et Chocolat, and BackDraft Pizzeria.
Bee Cave provides easy access to all the amenities of the West Austin area. The nearby Austin Zoo is a rescue and rehabilitation center with more than 350 animals. Just 12 miles from Bee Cave, Barton Creek Square is a shopping center with more than 180 retailers and dining locations.
Bee Cave Schools
Students in Bee Cave attend schools in the Lake Travis Independent School District, which receive excellent ratings from the school ranking website GreatSchools. Lakeway and Lake Pointe Elementary and Lake Travis Middle Schools, which serve the Bee Cave area, all have perfect 10 out of 10 scores. Bee Cave Elementary receives a nine. There are several private schools in the area as wells, including Primrose School, Abercorn International School, and St. Michael’s Catholic Academy.
Austin Community College has several campuses near Bee Cave, the closest of which is ACC Pinnacle. Austin-area colleges and universities include the University of Texas at Austin, Concordia University, and Saint Edwards University.
Bee Cave Parks & Recreation
Bee Cave is home to Falconhead Golf Club, a full-service club with a public, 18-hole course. Facilities include a golf shop, practice range, and Talon’s Bar and Grill. The City of Bee Cave maintains four public parks, including a new dog park with separate areas for large and small breeds. Bee Cave Central Park encompasses 50 acres and features hiking and biking trails, playgrounds, and picnic pavilions. Outdoor enthusiasts also flock to nearby Lake Travis along the Colorado River, which offers opportunities for fishing, boating, scuba diving, and zip lining. Lake Travis also features picnic and camping facilities.
Relocating to Bee Cave
Bee Cave has plenty to offer in the way of shopping, dining, entertainment, and recreation. It provides convenient access to West Austin, making it an increasingly popular choice among commuters, yet it is far more than a “bedroom community.” Bee Cave is a welcoming, vibrant city in its own right, with a robust real estate market. Many real estate analysts say this is an ideal time to buy in Austin suburbs such as Bee Cave.
Bee Cave Information Resources
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