Lakeway is a city in Travis County, Texas, United States. The population was 11,391 at the 2010 census; up from 8,002 in 2000. The city is located next to Lake Travis. It is an exurb in Greater Austin.[4]
The town of Lakeway was founded on the site of a 2,700-acre ranch owned by Houston oilman and rancher Jack (Jake) Josey. In early 1962 three Houston business men associated with the Gulfmont Hotel Company—G. Flint Sawtelle, John H. Crooker, Jr., and Lee Blocker—obtained a sixty-day option to purchase the land and plan a hotel and resort community. The name Lakeway was a natural sequel to Gulfmont's Fairway Motor Hotel in McAllen, Texas, so named because it overlooked the fairway of a golf course. Construction of the hotel began in October 1962 and the grand opening was July 12, 1963. Around the same time the Lakeway Land Company was formed with Flint Sawtelle as president, for the development of real estate. In July 1974 a substantial majority of resident and nonresident property owners voted to incorporate with the consent of the city of Austin, and the 1,200-acre village of Lakeway resulted.[6]
As of the census[2] of 2000, there were 8,002 people, 3,124 households, and 2,496 families residing in the city. The population density was 1,379.4 people per square mile (532.7/km2). There were 5,249 housing units at an average density of 1,119.5 per square mile (233.1/km2). The racial makeup of the city was 92.4% White, 1% African American, 0.3% Native American, 3.2% Asian, % from other races, and 2.1% from two or more races. Hispanic or Latino of any race were 7.3% of the population.
There were 3,124 households out of which 34.7% had children under the age of 18 living with them, 71.1% were married couples living together, 6.9% had a female householder. 16.5% of all households were made up of individuals and 6.8% had someone living alone who was 65 years of age or older. The average household size was 2.53 and the average family size was 2.84.
In the city, the population was spread out with 24.7% under the age of 18, 3.5% from 18 to 24, 26.8% from 25 to 44, 28.4% from 45 to 64, and 16.5% who were 65 years of age or older. The median age was 43 years. For every 100 females, there were 95.2 males. For every 100 females age 18 and over, there were 90.9 males.
The median income for a household in the city was $86,862, and the median income for a family was $94,266. Males had a median income of $70,211 versus $38,879 for females. The per capita income for the city was $45,765. About 1.8% of families and 3.1% of the population were below the poverty line, including 4.0% of those under age 18 and 3.3% of those age 65 or over.