Housing in Meadowlakes is oriented around two amenities: the Hidden Falls Golf Course and Lake Marble Falls. The stock includes patio homes, single-family residences, and larger custom homes, many of them backing onto fairways, lake coves, or water-view sites. Because the city developed as a planned community beginning in the 1980s, construction is generally newer than in surrounding Hill Country towns. The community's gated character and maintenance-oriented lifestyle distinguish it from the more traditional neighborhoods of nearby Marble Falls.

Meadowlakes is itself a single planned community rather than a collection of separate neighborhoods. Its streets are laid out around the golf course and the lakeshore, with distinct pockets of homes clustered along fairways and waterfront sections. The city is enclosed and gated, reinforcing its identity as a cohesive residential enclave. Immediately adjacent, the city of Marble Falls provides the commercial and civic center, while the wider Lake Marble Falls area offers additional lakeside neighborhoods and rural acreage.

Life in Meadowlakes revolves around golf, the lake, and a relaxed Hill Country pace. Residents have direct access to the Hidden Falls Golf Course and Lake Marble Falls, and the community's gated setting fosters a quiet, neighborly atmosphere. Many residents are retirees or second-home owners who value the combination of recreation and low-key living. The nearby Hidden Falls Adventure Park and the shops and restaurants of Marble Falls add variety, while Austin remains within reach for urban amenities.

Public school students in Meadowlakes attend the Marble Falls Independent School District, which serves the surrounding Hill Country communities and operates elementary, middle, and high school campuses in Marble Falls. The district anchors education for the entire Lake Marble Falls area. For higher education, residents can reach institutions in Austin, including the University of Texas, as well as community colleges in the Hill Country region.

Meadowlakes is reached from Marble Falls and connected to the region by State Highway 71, which runs east toward Austin and west toward the Highland Lakes. The community is about 49 miles northwest of downtown Austin, a drive of roughly an hour depending on traffic. Austin-Bergstrom International Airport is the nearest major commercial airport. Within Burnet County, travel is almost entirely by car along the region's Hill Country highways.

Recreation in Meadowlakes centers on the Hidden Falls Golf Course, an 18-hole championship layout within the community, and Lake Marble Falls, which offers boating, fishing, and waterfront access. The nearby Hidden Falls Adventure Park provides extensive trails for off-road riding on roughly 3,000 acres. The Highland Lakes chain, Inks Lake State Park, and the wineries and parks of the Hill Country are all within a short drive, giving residents year-round access to outdoor recreation.