& Lakeway Address: 100 Medical Parkway, Lakeway, TX 78738 Lakeway is located about 25 miles west of downtown Austin. Lakeway is ideally situated on the south shore of Lake Travis in the scenic Texas Hill Country. Lakeway is a resort community complete with golf courses, tennis courts, marinas, a 65-mile long lake, 100 acres of parkland and trails, and nearly 500 acres of greenbelts.