Rough Hollow and Falconhead turn up in the same searches west of Austin, and the same ZIP-level market data describes both. They are different kinds of places. Rough Hollow is organized around Lake Travis and its own marina. Falconhead is organized around a public golf course and the Bee Cave trail network. This guide sets the two side by side using published sources, with market figures as of November 11, 2026.
Where are Rough Hollow and Falconhead, and which city governs each?
Falconhead is inside Bee Cave city limits. The City of Bee Cave's comprehensive plan lists Falconhead among the city's neighborhoods, separately from Falconhead West, and that distinction matters because listing sites and data tools often blend the two. Falconhead Golf Club's address is in ZIP 78738.
Rough Hollow is in the Lakeway area but is not uniformly inside Lakeway. The city annexed Rough Hollow land from its extraterritorial jurisdiction in May 2022, and the community also has its own utility district, Travis County MUD No. 11, which Lakeway Municipal Utility District's history describes as "aka Rough Hollow." Whether a particular lot is inside city limits decides whether Lakeway's city tax rate applies to it.
How does lake access compare in Rough Hollow and Falconhead?
This is the clearest difference between the two. Rough Hollow runs along more than three miles of Lake Travis shoreline across roughly 1,800 acres, according to Lake Travis Lifestyle. Its developer, Legend Communities, describes the Rough Hollow Yacht Club and Marina as having over 250 boat slips, a fuel dock with pump-out service, a fully stocked ship store, lockers, members-only restrooms and showers, a dual-car tram down to the marina, and non-motorized water toys. The marina won MAX awards in 2016 and 2017 for Best Unique Feature in a Master-Planned Community.
Lake Travis is a storage reservoir, so its level moves. On November 11, 2026 it was 98.9% full at 680.35 feet, against 80.2% a year earlier, according to the Texas Water Development Board's Water Data for Texas.
Falconhead is not a lakefront community. Neuhaus Realty's February 2026 guide to the neighborhood mentions Lake Travis only as a nearby destination and gives no shoreline or marina. Its central amenity is golf.
“Rough Hollow is organized around a marina on Lake Travis. Falconhead is organized around a public golf course in Bee Cave.”
What amenities does each community have?
At Rough Hollow, the yacht club has a resort-style negative-edge pool and a fitness center, and the developer's site lists chef-prepared dining with live music, complimentary valet parking, a 10% resident dining discount, and complimentary kayaks and paddleboards. Legend Communities lists a 4,000-square-foot pavilion overlooking the lake. Separately, the City of Lakeway is building the 11-acre Butler Rough Hollow Park, which broke ground in July 2026 and is planned with a playground, a ninja course, an amphitheater and a pavilion. Community Impact reported in October that completion is expected in May 2027, and that RH Lakeway Development Ltd., Rough Hollow's primary developer, gave $50,000 toward it.
Falconhead centers on Falconhead Golf Club at 15201 Falcon Head Blvd, a public par-72 course that opened in 2003. Golf Digest describes its par-3 eighth hole, with a green on a limestone edge about 30 feet above a creek. Neuhaus Realty reports that residents receive preferred tee times and discounted rates, with no initiation fee, and that the neighborhood HOA maintains common areas, pools and playgrounds. The City of Bee Cave's 1.5-mile Hike and Bike Trail runs from Falconhead Blvd south along RM 620 to Central Park, which has a paved perimeter trail of just over a mile, and on to the Hill Country Galleria, where the Bee Cave Public Library sits at 4000 Galleria Parkway.
Which schools are Rough Hollow and Falconhead zoned to?
Both are in Lake Travis ISD. Rough Hollow Elementary serves Rough Hollow, according to a 2026 Neuhaus Realty comparison, which reports that the campus earned an overall A in the 2025 state accountability cycle, citing the Texas Tribune's Schools Explorer and TEA data. Zoning inside Rough Hollow has changed before: in April 2023 the district moved parts of Rough Hollow Elementary's zone to West Cypress Hills and Serene Hills elementaries, starting with the 2023-24 school year.
For Falconhead, Neuhaus Realty lists Lake Pointe Elementary or Bee Cave Elementary depending on address, then Hudson Bend Middle School and Lake Travis High School. GreatSchools rates Lake Pointe Elementary 10 out of 10 and Bee Cave Elementary 8 out of 10. In both communities, confirm the assigned campuses for the exact address with the district.
What kinds of homes are there, and what do they cost?
Rough Hollow has a wider spread. On September 28, 2026, Redfin's Rough Hollow boundary held 42 single-family houses and 16 condos or townhomes, asking from $350,000 to about $4.3 million. On November 11, Redfin showed 53 houses, condos and townhomes there: 6 asking $500,000 or less, 32 asking $1 million or less, and 8 asking more than $2 million. The developer's site lists Drees Custom Homes, David Weekley Homes and Westin Homes among its builders.
Falconhead is mostly single-family. Neuhaus Realty describes floor plans of about 2,500 to 4,500 square feet with three to five bedrooms, and prices of roughly $650,000 to $1 million in the original section and $750,000 to $1.5 million in Falconhead West. Redfin does not publish reliable Falconhead-only sales figures, so the shared benchmark is ZIP 78738: over the three months ending October 2026, the median sale price was $917,000, up 10.5% year over year, price per square foot fell 6.6% to $276, and homes sold in a median 83 days at 97.1% of list price.
How do property taxes and utility districts differ?
Both communities pay Lake Travis ISD's rate, which the district set at $1.0329 per $100 of valuation for 2026-27, down from $1.0397. Falconhead addresses also pay Bee Cave's city rate, which the city kept at $0.0200 per $100. In Rough Hollow, addresses inside Lakeway city limits pay Lakeway's maintenance and operations rate of $0.1701 per $100 for fiscal 2026-27, and the community's utility district, Travis County MUD No. 11, is a separate taxing unit. County and other units bill on top of these, so ask for the full list of taxing units on any property.
What should you check before buying in Rough Hollow or Falconhead?
In Rough Hollow, start with the address: whether it is inside Lakeway city limits, which MUD it is in, and which elementary campus it is zoned to today. If the marina is the reason you are buying, ask how slips are allocated and what they cost, since that is not the same as owning a home in the community. In Falconhead, confirm whether the listing is in Falconhead or Falconhead West, which elementary serves the street, and what golf privileges, if any, come with the home. In both, request the owners association's current dues, assessments and transfer fees in writing; none of the sources used for this article publish them.
The choice between the two usually comes down to the lake or the fairway. Once that is settled, the details above decide which house.
