Active Listing  ·  143 days on market

1101 Ivean Pearson Rd #E207

Lago Vista, TX 78645
$499,900
3 Bed 3 Bath 1,788 sqft $280/sqft Built 2009 0.35 acres 2-Car Garage Pool Waterfront Waterstone On Lake Travis Condos

Waterstone Lake Travis is a 71-unit luxury lakefront condominium community on Lake Travis designed by renowned architect Larry Speck. The contemporary design is a truly unique setting for picturesque days on the lake. E207 is the coveted Exterior Cypress plan hosting 3 bedrooms and 3 full baths, a very open kitchen/living/dining area, large patio and panoramic lake views even at low lake levels. The Cypress Exterior is one of the few plans that has direct access to your two-car garage from the condo. The sellers are the original owners and have added many touches that your buyer will appreciate. Surrounded by the beauty of mature, Waterstone's resort-style amenities blur the line between luxury living and outdoor charm. Take advantage of the outdoor kitchen for a family barbecue or lie back and savor the panoramic views from the infinity-edge pool or heated spa. Entertain your guests with a scenic tour of Lake Travis picking them up at the on-premises day docks. If the weather turns cool, taking in the stars at night around the community stone fire pit is a relaxing pleasure. For the adventurous, Waterstone offers 25 exclusive acres along the shoreline that include nature trails, rustic fire pits ad scenic outdoor seating areas. This community is truly amazing!

At $280/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 #E207, Lago Vista, TX 78645

Property Details

Price $499,900
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 2009
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Waterstone On Lake Travis Condos
County Travis
Zip Code 78645
$/sqft $280/sqft
Days on Market ,
HOA $669.24/Monthly
Annual Tax Est. $10,142
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT228582025
List Date May 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.

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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
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 #B204
Waterstone Condos
$475,000 $266 3 bd / 3 ba 1,788 sqft , 2026-06-11
208 Venture Blvd S
Point Venture
$463,500 $217 4 bd / 2 ba 2,135 sqft , 2026-06-02
18609 Venture Dr
Point Venture Sec 02
$544,900 $310 4 bd / 3 ba 1,757 sqft , 2026-06-05

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
$2,400/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
$99,980
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,728
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,411

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 July 25, 2026.

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