Active Listing  ·  104 days on market

1101 Ivean Pearson Rd #B204

Lago Vista, TX 78645
$475,000
3 Bed 3 Bath 1,788 sqft $266/sqft Built 2008 0.35 acres 2-Car Garage Pool Waterfront Waterstone Condos

Wake up to Lake Travis views, spend the day on the water, and end the evening taking in the Texas Hill Country from your private balcony. Located in the waterfront community of Waterstone, this three-bedroom condo makes lake living easy, whether you're looking for a full-time home, weekend escape or lock-and-leave second home.

Floor-to-ceiling windows bring the lake into the main living spaces and fill the home with natural light. The open living, dining and kitchen areas make entertaining easy, while the private balcony gives you another place to relax and enjoy the view. The kitchen features granite countertops, stainless steel appliances and rich cabinetry.

Upstairs, the primary suite is all about the view, with motorized shades, a large walk-in closet and bath with soaking tub and separate shower. The secondary bedroom has its own ensuite bath and walk-in closet, while the lower-level third bedroom gives you flexibility for guests, an office, workout room or additional living space.

And then there is the storage. This unit has a surprising amount of it, which makes a big difference if you're planning to spend more than a weekend here. Along with the bedroom closets and private two-car garage, there is an oversized interior storage closet plus another storage closet off the balcony. Plenty of room for lake gear, luggage, seasonal items and all the things you don't want taking over your living space.

Waterstone is designed for enjoying the lake without all the work that typically comes with owning a lake house. Residents have access to an infinity-edge pool overlooking Lake Travis, spa, outdoor kitchen, lakeside patios and fire pits, swimming decks, waterfront trails and a private community boat dock with direct lake access.

Come for the views, stay for the lifestyle. This is an easy way to make Lake Travis part of everyday life.

At $266/sqft, this home is priced 4% above the Lago Vista active market average of $257/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1101 Ivean Pearson Rd #B204, Lago Vista, TX 78645

Property Details

Price $475,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,788 sqft
Lot Size 0.35 acres (15,446.38 sqft)
Year Built 2008
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Waterstone Condos
County Travis
Zip Code 78645
$/sqft $266/sqft
Days on Market ,
HOA $689/Monthly
Annual Tax Est. $11,837.48
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT235543288
List Date June 11, 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 · June 11, 2026 $515,000
Previous ask $498,500
Current ask $475,000
Reduced $40,000 (-7.8%) 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
208 Venture Blvd S
Point Venture
$463,500 $217 4 bd / 2 ba 2,135 sqft , 2026-06-02
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 #A102
Waterstone Condo
$499,000 $261 3 bd / 3 ba 1,915 sqft , 2026-01-09
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

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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

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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 September 6, 2026.

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