The location of Highland Lake Estates is a significant draw for its residents. Situated in Lago Vista, it provides a peaceful retreat from the bustling city life while maintaining reasonable proximity to major employers, downtown Austin, and the airport. This balance offers residents the best of both worlds: a tranquil residential setting with easy access to urban conveniences and employment opportunities.

The neighborhood is notable for its lakeside lifestyle, offering homes along the Lake Travis waterfront, some of which include personal boat docks. This proximity to water allows residents to indulge in various recreational activities such as boating on Lake Travis, followed by relaxing treatments at The Island on Lake Travis Spa & Salon. Additionally, golf enthusiasts can enjoy the Lago Vista Golf Course and Highland Lakes Golf Course, while hiking aficionados can explore the scenic trails of the Balcones Canyonlands National Wildlife Refuge, which also offers seasonal hunting opportunities​​.

For everyday conveniences, the community is well-served by various nearby grocery stores and restaurants. Within a few miles, residents can access grocery stores like Lowe's, SLR Grocery & Center, Hudson Bend Grocery, Calkins Country Store, and Merito Food Mart. Dining options in the vicinity include J & J BBQ & Burgers, Latte Vista Cafe & Coffee Shop, Vista BBQ LLC, Marias Bar & Grill, and Krispy Krunchy Chicken, offering a range of cuisines to satisfy diverse palates​​.

Education is an integral aspect of the community, with students in Highland Lake Estates serviced by the Lago Vista ISD. This includes Lago Vista Elementary for younger students, Lago Vista Middle School for grades 5-8, and Lago Vista High School for higher grades. The area is also within reach of private daycares, such as Primrose School of Crystal Falls, ensuring comprehensive educational options for families residing in the area​​.

The real estate options in Highland Lake Estates cater to a range of preferences and lifestyles, making it an attractive destination for those seeking a balance between nature and urban convenience. The availability of various home types and sizes, coupled with the community's amenities and location, creates a compelling reason for people to choose Highland Lake Estates as their home. The blend of natural beauty, recreational opportunities, educational facilities, and proximity to urban amenities makes it a sought-after location in the Texas Hill Country.