The Women's Club of Greater Lakeway officially began in the fall of l985 with a charter membership of fifty-one. The three founders were Carol Holt, Donna McCarver and Ruby Saunders. The fifty-one founding members felt that an organization to promote social, cultural, and intellectual growth would be enjoyed and appreciated by the women in Lakeway.

Meetings were first held at the Blue Caboose Restaurant at the intersection of Highways 71 and 620 and later at the Pecos Room of Lakeway Inn. In l987 the meeting place was moved to the Lakeway Village Hall. Numerous changes to meeting locations continued as Women’s Club grew in numbers. At the present time meetings are held at the Flintrock Falls Country Club Ballroom.

As Lakeway grew, so did the membership of the Women's Club. By 1996 - 1997 there were over 500 members. The number of interest groups more than doubled during those years to a total of over 20 at the present time and a membership that continues to be over 500. In the spring of 1995, the constitution was revised to change the name of the organization to The Women’s Club of Greater Lakeway.