To the South/West of Austin is the city of Lakeway, located right at the Southern tip of Lake Travis. Lake Travis was a WPA project formed from the damming of the Colorado River and now is one of the most popular recreation areas for Central Texas. Lakeway is roughly thirty minutes from downtown and used to be considered primarily a retirement community. Now, however, Lakeway has become a great community for families, golfers, boaters, and those who want to be in a small town environment while being close to both the Hill Country and Austin. Homes in Lakeway have a median price of $275,000.