Active Listing  ·  26 days on market

1101 Ivean Pearson Rd #D202

Lago Vista, TX 78645
$599,000
3 Bed 3 Bath 1,974 sqft $303/sqft Built 2008 2-Car Garage Pool Waterfront Waterstone Condominiums

This is the one people wait for. The most coveted 3/3 floorplan in Waterstone, complete with an attached 2-car direct access garage, in the “D” building, where a unit of this style has not been available in nearly five years. This residence has what may be the best full-on water views in the community. Not a sliver. Not a polite little glimpse. The real thing. Set along the north shore of Lake Travis in the architecturally acclaimed Waterstone community, designed by renowned architect Larry Speck, this home feels less like a condo and more like a front-row seat to the lake. From the moment you step inside, the view takes over. Walls of glass pull Lake Travis straight into the main living space, turning the kitchen, dining, and living areas into one long, cinematic moment of lake, sky and hills. The open-concept layout was designed around the setting. The kitchen anchors the space with granite counters and Viking appliances that gives a sleek, modern edge. The living area doesn’t just look out at the lake, it almost folds into it. Floor-to-ceiling glass wraps the room in water, sky, and shoreline, making the view feel less like a backdrop and more like part of the living space. It is where morning coffee, golden-hour drinks, open-door dinners, and slow weekends all settle into place. The primary suite gets the same treatment, with its own wall of glass and a wake-up view that feels almost unfair. The community brings the full lake rhythm with a resort-style pool, spa, day docks, jet ski slips, and easy access to boating, fishing, skiing, and slow afternoons by the water, to name a few. When you want to venture out, P.V. Golf Club, Lago Vista Brewery, Lucky Rabbit and Balcones Wildlife Refuge are all close by. Some properties offer lake access. Some offer views. This one gives you the whole scene, framed in glass, perched above the water, and tucked inside one of Waterstone’s hardest-to-find floorplans. Buyer to verify all info

At $303/sqft, this home is priced 18% 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 #D202, Lago Vista, TX 78645

Property Details

Price $599,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,974 sqft
Lot Size ,
Year Built 2008
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Waterstone Condominiums
County Travis
Zip Code 78645
$/sqft $303/sqft
Days on Market ,
HOA $690/Monthly
Annual Tax Est. $10,441.28
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT244875575
List Date August 28, 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.

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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
209 Crescent Blf
Cedar Glen Sec 01
$600,000 $268 3 bd / 3 ba 2,240 sqft , 2026-06-29
124 Firebird St
Lakeway Sec 17A
$632,000 $280 3 bd / 3 ba 2,256 sqft , 2026-07-21
1101 Ivean Pearson Rd #C207
Waterstone Condos
$549,000 $281 3 bd / 3 ba 1,956 sqft , 2026-09-01
18609 Venture Dr
Point Venture Sec 02
$544,900 $310 4 bd / 3 ba 1,757 sqft , 2026-06-05
18231 Lakepoint Cv
Point Venture Sec 01-A
$675,000 $309 3 bd / 3 ba 2,184 sqft , 2026-08-21

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
$2,875/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
$119,800
20% conventional investment loan

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

Estimated Gross Rent+$2,875
Principal + Interest−$3,269
Property Tax (~2.1% TX avg)−$1,048
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,692

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 13, 2026.

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