The Terrace at The Preserve neighborhood is a small community nestled in the hills at The Preserve at Lakeway. Centex Homes started building detached condominium homes here in 2006. There are still homesites available at The Terraces at the Preserve, and those interested in building with Centex Homes have five floorplans to choose from, ranging in size from 1620 to 2736 square feet. Alternatively, resale homes are available for purchase. There are only three streets in the community: Mountain Terrace Cove (a true hill top location), Stone Terrace (which connects Farris Drive to Dorothy Drive), and Green Terrace Cove (a cul-de-sac). Close to the businesses off RR 620 and not far from Lake Travis and other Lakeway attractions, The Terrace at the Preserve Lakeway offers convenient shopping and incredible recreation opportunities to its residents.

| Search The Terrace at the Preserve Homes for Sale. | |
| Call Great Austin Properties at 512.600.1800 or email info@greataustinproperties.com to see a home in The Terrace at the Preserve. |
| The Terrace at the Preserve neighborhood is located off RR 620 at Dave Drive. From Dave Drive, turn left on Farris and take an immediate right on Stone Terrace to see the majority of the community. The Centex model and six other homes are located on Mountain Terrace Cove, a street not accessible from the rest of the neighborhood. The zip code for The Terrace at the Preserve is 78734. |
| School District: | Lake Travis Independent School District | |||
| Elementary School: | Lake Travis Elementary | Middle School: | Hudson Bend Middle School | |
| Junior High School: | N/A | High School: | Lake Travis High School | |
| School Comparisons: | The Terrace at the Preserve Schools | |||
