Active Listing  ·  257 days on market

1101 Ivean Pearson Rd #A102

Lago Vista, TX 78645
$499,000
3 Bed 3 Bath 1,915 sqft $261/sqft Built 2008 0.38 acres 2-Car Garage Pool Waterfront Waterstone Condo

Enjoy relaxed lakefront living in this ground-level condo overlooking Lake Travis. Designed for easy one-level living, the home features a Balboa floor plan (the largest layout in the community), an oversized private patio, and an attached two-car garage that adds everyday convenience. The interior offers three spacious bedrooms and three full bathrooms, including two en-suite bedrooms that provide comfort and privacy for guests or family.

The home has been thoughtfully updated with numerous upgrades, including motorized uv window shades, brand new white oak plank flooring and stunning dining room chandelier.

Views take center stage, with the large patio serving as the perfect spot to start your morning or unwind in the evening while taking in the scenery of Lake Travis and the hill country.

Residents enjoy access to resort-style amenities, including a beautiful pool and spa, outdoor kitchen, poolside restrooms, and an outdoor shower. Additional community features include a day dock, firepit, and designated kayak storage, making it easy to enjoy the lake lifestyle without the upkeep. All of these luxury amenities overlook Lake Travis.

This property offers low-maintenance living with exceptional views and space, well suited for full-time living or a lock-and-leave second home. Short-term rentals are not permitted.

At $261/sqft, this home is priced in line with the Lago Vista market average of $257/sqft across 225 active listings. View Austin market report →

Location

1101 Ivean Pearson Rd #A102, Lago Vista, TX 78645

Property Details

Price $499,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,915 sqft
Lot Size 0.38 acres (16,596.36 sqft)
Year Built 2008
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Waterstone Condo
County Travis
Zip Code 78645
$/sqft $261/sqft
Days on Market ,
HOA $718.97/Monthly
Annual Tax Est. $7,879.6
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT215811668
List Date January 9, 2026
Elementary School Lago Vista
Middle School Lago Vista
High School Lago Vista
School District ,

Luke Allen (TREC #788149) has deep knowledge of Lago Vista and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · January 9, 2026 $590,000
Previous ask $530,000
Current ask $499,000
Reduced $91,000 (-15.4%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Lago Vista

Comparable Listings Right Now

Homes currently for sale in Lago Vista with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
18605 Masters Cv
Point Venture Sec 02
$499,000 $236 4 bd / 2 ba 2,111 sqft , 2026-05-15
1101 Ivean Pearson Rd #E207
Waterstone On Lake Travis Condos
$499,900 $280 3 bd / 3 ba 1,788 sqft , 2026-05-03
445 Venture Blvd S
French Quarter
$495,000 $202 4 bd / 4 ba 2,451 sqft , 2026-08-08
18817 Kelly Dr
Point Venture Sec 03-1
$489,000 $256 3 bd / 2 ba 1,913 sqft , 2026-08-26
1101 Ivean Pearson Rd #B204
Waterstone Condos
$475,000 $266 3 bd / 3 ba 1,788 sqft , 2026-06-11

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,395/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$99,800
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (~2.1% TX avg)−$873
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,409

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Lago Vista, TX

Lago Vista sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

More Luxury Homes in Lago Vista

Loading…
View All Luxury Homes →
About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 18, 2026.

📞 (254) 718-2567 [email protected] More about Luke →