Active Listing  ·  82 days on market

1101 Ivean Pearson Rd #E203

Lago Vista, TX 78645
$399,000
2 Bed 3 Bath 1,508 sqft $265/sqft Built 2008 0.30 acres 1-Car Garage Pool Waterfront Waterstone Condo

This is more than a home—it's lakefront living at its finest. RESORT STYLE AMENITIES:

*LAKESIDE POOL AND SPA

*DAY DOCKS

*JET SKI SLIPS

*LAKE ACCESS FOR BOATING, FISHING, PADDLEBOARDING AND KAYAKING

*OUTODOOR KITCHEN FOR ENTERTAINING

*LAKESIDE WALKING TRAILS

Perched along the coveted North Shore of Lake Travis within the architecturally acclaimed Waterstone community, masterfully designed by renowned architect Larry Speck, this exceptional residence lives more like a private lakefront retreat than a condominium. Enjoy some of the best fireworks in Lago Vista right across the cove! From the moment you step inside, sweeping lake views immediately command your attention. Expansive walls of glass frame the shimmering waters of Lake Travis, seamlessly blending the outdoors with the interior living spaces. The open-concept design effortlessly connects the kitchen, dining, and living areas into one spectacular space where panoramic lake, hill country, and sky views provide an ever-changing backdrop to everyday life.

The primary suite serves as a private sanctuary, with its own dramatic wall of glass showcasing tranquil lake vistas that make every morning feel like a getaway. Thoughtfully designed to maximize its extraordinary setting, the residence offers an effortless balance of comfort, style, and connection to the outdoors. A recently installed designer backsplash adds a fresh, updated touch to the kitchen, while a private one-car garage, conveniently located near the residence, enhances everyday ease.

At $265/sqft, this home is priced 3% 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 #E203, Lago Vista, TX 78645

Property Details

Price $399,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,508 sqft
Lot Size 0.30 acres (13,046.22 sqft)
Year Built 2008
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Waterstone Condo
County Travis
Zip Code 78645
$/sqft $265/sqft
Days on Market ,
HOA $582/Monthly
Annual Tax Est. $10,942.69
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT238531912
List Date July 3, 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
239 VENTURE Blvd S
Indian Point At Point Venture
$379,000 $236 3 bd / 2 ba 1,608 sqft , 2026-08-26
300 S Venture Blvd S
Point Venture Sec 01
$369,000 $241 3 bd / 2 ba 1,528 sqft , 2026-06-26
330 Southwind Rd
Point Venture Sec 03-2
$429,000 $249 3 bd / 2 ba 1,721 sqft , 2026-08-26
133 Comanche Pt
Comanche Point Sec 3-A At Point Venture
$365,000 $211 3 bd / 2 ba 1,730 sqft , 2026-05-12
205 Venture Blvd S
Indian Point At Point Venture
$365,000 $240 3 bd / 2 ba 1,518 sqft , 2026-08-27

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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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 16, 2026.

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