Lacy Lakeview is a city in McLennan County, Texas, United States. It is part of the Waco Metropolitan Statistical Area. The population was 5,764 at the 2000 census. The city's name is sometimes spelled with a hyphen. Lacy Lakeview is the combination of two independent communities, with a third later merging. Lacy (the older of the two communities) was named for William David Lacy, who sold lots in the area in the 1880s. Lakeview was named for its location near Spring-fed lakes, and was the location of the school for both communities. Lacy and Lakeview were stations on the Texas Electric Railway, also known as the Interurban which ran between Dallas and Waco.