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Lakeway, Texas
Lakeway is on Lake Travis and State Highway 620, five miles west of Mansfield Dam in west Travis County. It 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 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. The partnership then expanded to a group of ten people who purchased 880 acres named Josey 1 on which they planned to build an inn and develop a residential community. They bought an additional 2,817 acres in 1964. The inn was owned by the ten partners through a subsidiary known as Lakeway Joint Ventures and leased to the Gulfmont Hotel Company as operators. At the same time, the Lakeway Land Company was formed with Flint Sawette as president for the development of real estate. Property sales began on May 30, 1963 and the grand opening of the Lakeway Inn and Marina took place in July.
The Lakeway Land Company was sold to a Dallas group known as Alpert Investment Corp. on April 26, 1971, when there were 300 homes in Lakeway and 1,000 acres had been developed. 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. Residents also elected a three man governing commission, including Newt Herndon, Lakeway's first mayor. The population of Lakeway was 1,020 in 1984. In 1990 the population was 4,044 and grew to 8,002 in the year 2000.
Today Lakeway is a very well known, and popular area. The village of Lakeway has several golf courses, lake access and a full service marina with slips.
Statistics & Facts
The population of Lakeway is approximately 4,044 (1990).
The approximate number of families is 2,259 (1990).
The amount of land area in Lakeway is 9.525 sq. kilometers.
The amount of surface water is 0.486 sq kilometers.
The distance from Lakeway to Washington DC is 1357 miles.
The distance to the Texas state capital is 14 miles. (as the crow flies)
Lakeway is positioned 30.36 degrees north of the equator and 97.97 degrees west of the prime meridian.
Source: Lakeway Chamber of Commerce
Lakeway, Texas School Info:
http://www.laketravis.txed.net/default.htm
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