Active Listing  ·  22 days on market

1101 Ivean Pearson Rd #C207

Lago Vista, TX 78645
$549,000
3 Bed 3 Bath 1,956 sqft $281/sqft Built 2009 0.35 acres 2-Car Garage Pool Waterfront Waterstone Condos

There are condos on Lake Travis, and then there are condos where the view becomes part of how you live. From the moment you enter C207, expansive views of Lake Travis and the Texas Hill Country take center stage. Floor-to-ceiling windows across the main living spaces fill the home with natural light and frame the water and surrounding hills, while the private balcony offers a front-row seat to spectacular Hill Country sunsets.

Designed for effortless lake living, the open-concept kitchen, dining, and living areas flow together with granite countertops, stainless steel appliances, and rich wood cabinetry, all with the lake as the backdrop. Upstairs, the primary suite continues the experience with beautiful water views, motorized shades, a spa-inspired bath with soaking tub and separate shower, and a spacious walk-in closet. A second bedroom with an ensuite bath provides privacy for family or guests, while the flexible lower-level third bedroom is ideal as a guest suite, office, fitness room, or media space.

C207’s location within Waterstone makes the lifestyle even better. The private two-car garage is attached directly to the residence, and the gate to the infinity-edge pool is just steps away. Residents also enjoy a spa, outdoor kitchen, fire pits, waterfront gathering areas, swimming decks, walking trails, and a private community boat dock with direct access to Lake Travis.

Whether you're looking for a full-time home, weekend escape, or lock-and-leave retreat, C207 offers something you simply can't renovate into another condo: its setting, its convenience, and a front-row seat to the Lake Travis lifestyle.

At $281/sqft, this home is priced 9% 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 #C207, Lago Vista, TX 78645

Property Details

Price $549,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,956 sqft
Lot Size 0.35 acres (15,446.38 sqft)
Year Built 2009
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Waterstone Condos
County Travis
Zip Code 78645
$/sqft $281/sqft
Days on Market ,
HOA $690/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT245283607
List Date September 1, 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 →

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
18609 Venture Dr
Point Venture Sec 02
$544,900 $310 4 bd / 3 ba 1,757 sqft , 2026-06-05
1101 Ivean Pearson Rd #E207
Waterstone On Lake Travis Condos
$499,900 $280 3 bd / 3 ba 1,788 sqft , 2026-05-03
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 #D202
Waterstone Condominiums
$599,000 $303 3 bd / 3 ba 1,974 sqft , 2026-08-28

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
$2,635/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
$109,800
20% conventional investment loan

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

Estimated Gross Rent+$2,635
Principal + Interest−$2,996
Property Tax (~2.1% TX avg)−$961
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,551

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 →