Active Listing  ·  74 days on market

1307 Osprey Ridge Loop

Lago Vista, TX 78645
$1,399,000
4 Bed 4 Bath 4,681 sqft $299/sqft Built 2001 1.37 acres 3-Car Garage Pool Waterfront Waterford On Lake Travis Sec 2

GREAT PRICE FOR LAKE TRAVIS WATERFRONT HOME in an exclusive gated community. This home is an expansive 4,681 square feet of living space, set on a 1.3 acre waterfront lot. The home showcases a breathtaking waterfront view with mature oak trees and open water views extending to Lake Travis. The open floor plan and windows offer panoramic views of the lake and hills from the living room and from the comfort of your back screened porch. The generous breakfast room is open to the kitchen and living room and is perfect for hosting larger groups or intimate gatherings. The heart of the home - the kitchen - has beamed ceilings and is beautifully updated with quartzite countertops, new cabinets, stainless steel appliances and a combined walk-in pantry and laundry room. The formal dining room has a built-in lighted, glass front shelving unit to beautifully display glassware, dishes or wine. The interior boasts four to five spacious bedrooms and three-and-a-half bathrooms. The primary bedroom suite resides on the main level providing easy accessibility and opens up to a balcony for private outdoor enjoyment. The primary suite features a large bathroom with dual vanities, a soaking tub, separate shower, and two walk-in closets. A second living room on the first floor provides ample space for relaxation or entertainment and it opens up onto a porch overlooking the lake. Several flex spaces on the first floor offer versatility for various uses such as a fitness room, office space or an extra bedroom. Enjoy the back yard while dining alfresco beside the lake, grilling on the deck, relaxing by the outdoor fire pit, or swimming off your own private dock. Outdoors, a Bocce Ball court adds a unique and playful touch to the entertainment space. Come see this meticulously maintained property! The 1.3 acre lot next door is for sale if you are looking for a rare opportunity for expanding or creating multi-generational living.

At $299/sqft, this home is priced 16% 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

1307 Osprey Ridge Loop, Lago Vista, TX 78645

Property Details

Price $1,399,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 4,681 sqft
Lot Size 1.37 acres (59,498.6 sqft)
Year Built 2001
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Waterford On Lake Travis Sec 2
County Travis
Zip Code 78645
$/sqft $299/sqft
Days on Market ,
HOA $1,000/Annually
Annual Tax Est. $43,231.29
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT237734160
List Date July 11, 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 · July 11, 2026 $1,449,000
Current ask $1,399,000
Reduced $50,000 (-3.5%) 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
343 Venture Blvd S
Point Venture Sec 01
$1,100,000 $350 4 bd / 4 ba 3,147 sqft , 2026-08-06
17909 Kingfisher Ridge Dr
Waterford On Lake Travis Sec 01
$1,099,000 $291 4 bd / 3 ba 3,778 sqft , 2026-06-16
18509 Sugar Maple Dr
Waterford On Lake Travis Sec 4
$1,699,000 $444 4 bd / 5 ba 3,825 sqft , 2025-06-20
1208 Watercliffe Dr
Waterford On Lake Travis Sec 3
$1,849,900 $401 5 bd / 5 ba 4,609 sqft , 2026-06-19
101 Indian Bend Dr
Lakeway
$935,000 $287 4 bd / 3 ba 3,253 sqft , 2026-09-19

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
$6,715/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
$279,800
20% conventional investment loan

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

Estimated Gross Rent+$6,715
Principal + Interest−$7,635
Property Tax (~2.1% TX avg)−$2,448
Insurance (~0.5%)−$583
Est. Monthly Cash Flow $-3,951

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 August 31, 2026.

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