Active Listing  ·  96 days on market

1208 Watercliffe Dr

Lago Vista, TX 78645
$1,849,900
5 Bed 5 Bath 4,609 sqft $401/sqft Built 2008 1.03 acres 3-Car Garage Pool Waterfront Waterford On Lake Travis Sec 3

Now offered at $400K below the original list price! The strongest waterfront opportunity currently available on Lake Travis. Situated on a gated neighborhood of just 30 homes on the water, this Spanish-style estate delivers unobstructed lake and hill country views from nearly every room. No marina or business in your sightline either. Inside, the flow is open and practical. Two-story cathedral ceilings with exposed wood beams anchor the living room, where a floor-to-ceiling stone fireplace and large patio door open to the covered deck. High-end tile flooring runs through all common areas. The kitchen has oversized counters, a floating island, walk-in pantry, high-end cabinetry, dual-door refrigerator, gas range, double sinks, and a pass-through window to the covered outdoor kitchen with gas grill & fridge. All with lake views. Two primary suites on the main level. The master includes a spa, gas fireplace, and large walk-in closet, and of course water views to wake up to. The guest suite, situated for multi-genliving, has its own private entrance, refrigerator, microwave, and sink. Three additional bedrooms upstairs, & two additional balconies. Extra-large game room with panoramic windows. Walk-in showers with glass doors throughout. Oversized laundry room on primary level. Outside, two levels of stone patio surround a newly tiled pool and spa for swimming while you watch the boaters. Covered outdoor kitchen with grill, fridge, granite dry bar, and bar seating. Lower terrace with gas fire pit. 3-car garage, driveway fits 4-5 additional vehicles. Whole house HVAC systems updated in 2020. New Water heater in 2023. $50k+ invested in landscaping, fixtures, plumbing, electrical, and exterior paint throughout. What the seller will miss most: the privately gated Waterford Marina only 4 minutes away, offering worry free, maintenance free boating. Approved bids for a boat dock installation are in place! Reach out to agent Oliver Marx for info.

At $401/sqft, this home is priced 56% 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

1208 Watercliffe Dr, Lago Vista, TX 78645

Property Details

Price $1,849,900
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,609 sqft
Lot Size 1.03 acres (45,036.68 sqft)
Year Built 2008
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Waterford On Lake Travis Sec 3
County Travis
Zip Code 78645
$/sqft $401/sqft
Days on Market ,
HOA $750/Annually
Annual Tax Est. $65,189.56
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT226108891
List Date June 19, 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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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 19, 2026 $2,250,000
Previous ask $1,999,900
Current ask $1,849,900
Reduced $400,100 (-17.8%) 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
2217 Seabiscuit Cv #127
Alura Pointe Condo
$1,850,000 $558 4 bd / 4 ba 3,316 sqft , 2025-01-28
2217 Seabiscuit Cv #113
Reserve at Lake Travis
$1,850,000 $605 4 bd / 5 ba 3,058 sqft , 2026-02-17
1604 Watercliffe Dr
Waterford On Lake Travis Sec 3
$1,750,000 $581 4 bd / 5 ba 3,014 sqft , 2026-04-15
18509 Sugar Maple Dr
Waterford On Lake Travis Sec 4
$1,699,000 $444 4 bd / 5 ba 3,825 sqft , 2025-06-20
18601 Sugar Maple Dr
Waterford On Lake Travis Sec 4
$2,095,000 $343 6 bd / 6 ba 6,107 sqft , 2026-01-19

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
$8,880/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
$369,980
20% conventional investment loan

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

Estimated Gross Rent+$8,880
Principal + Interest−$10,096
Property Tax (~2.1% TX avg)−$3,237
Insurance (~0.5%)−$771
Est. Monthly Cash Flow $-5,224

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 9, 2026.

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