YOUR AUSTIN NEIGHBORHOOD: CASTLEWOOD | CASTLEWOOD FOREST | TANGLEWOOD FOREST
NEIGHBORHOOD OVERVIEW
The Castlewood / Castlewood Forest / Tanglewood Forest area sits in the heart of South Austin's 78748 zip code. Together, these three interconnected sub-areas form a cohesive community of established, tree-lined streets, generously sized lots, and homes built with the kind of character that newer subdivisions simply can't replicate.
Bordered by Manchaca Road, Brodie Lane, and West Slaughter Lane, the area offers everything from original builds with classic South Austin bones to thoughtfully updated properties with modern finishes — all within easy reach of the parks, dining, and corridors that define the 78748 lifestyle.
REAL ESTATE MARKET TRENDS
The combined Castlewood / Tanglewood Forest area reflects South Austin's broader story: stable long-term value and consistent buyer demand. The median sold price across the combined area is $350,000 with a median list price of $360,328 — and at a median of 40 days on market, this is a balanced market that gives buyers time to evaluate while rewarding those who act with conviction.
With approximately 6 active listings across the combined area, inventory is extremely limited — making this one of South Austin's tighter markets. Well-priced homes for sale in the Castlewood / Tanglewood Forest area attract serious buyers, and the 40-day median DOM reflects a balanced market with room to evaluate and negotiate thoughtfully.
Market data sourced from Unlock MLS (Quick CMA) and based on the most recent 180 days of closed residential sales available at the time of analysis. Figures are approximate and subject to change. Please verify current market conditions with a licensed Austin real estate professional.
TYPES OF HOMES
Each sub-area has its own distinct housing character — but all three share the same foundational qualities: established streets, mature trees, and a residential identity that feels earned rather than designed. Here's how they compare:
AMENITIES AND LIFESTYLE
HOA INFORMATION
HOA status varies across Castlewood, Castlewood Forest, and Tanglewood Forest, and serves as one of the main differences between the sub-areas. Castlewood and Castlewood Forest both have no mandatory HOA, offering greater flexibility for homeowners in improvements and property use. In contrast, Tanglewood Forest has an active HOA with amenities including a community pool, tennis courts, parks, and neighborhood events.
Castlewood: No mandatory HOA, offering full owner flexibility, with an approximate 2025 property tax rate of ~2.0465%.
Castlewood Forest: No mandatory HOA, allowing renovations, ADUs, and property customization without HOA approval, with an approximate 2025 property tax rate of ~2.0465%.
Tanglewood Forest: Active mandatory HOA with amenities including a pool, tennis courts, parks, and neighborhood events such as holiday gatherings and garage sales, with an approximate 2025 property tax rate of ~2.2845%.
SCHOOLS NEARBY
Families searching for homes for sale in Cherry Creek, Austin TX will find access to a range of Austin ISD public schools, plus Austin Community College's nearby campus at Stassney Lane and Manchaca Road. School zoning varies by address, so always verify assignments directly with Austin ISD before purchasing.
Source: GreatSchools.org
Disclaimer: Ratings are subject to change and should be used as one of many factors when evaluating schools. Always verify current ratings and school boundaries directly with Austin ISD.