Active Listing  ·  161 days on market

1604 Watercliffe Dr

Lago Vista, TX 78645
$1,750,000
4 Bed 5 Bath 3,014 sqft $581/sqft Built 2014 1.53 acres 3-Car Garage Pool Waterfront Waterford On Lake Travis Sec 3

Perched above the shimmering waters of Lake Travis, this extraordinary single-story retreat at 1604 Watercliffe in Lago Vista blends timeless craftsmanship with cutting-edge efficiency in one of the area’s most breathtaking settings. Thoughtfully designed with a striking hybrid timber frame construction, the home showcases over $100,000 in magnificent Douglas fir timbers, creating a warm architectural presence that feels both refined and inviting. Designed for effortless luxury living, the floorplan offers four spacious bedroom suites, including a stunning primary retreat and a large flex space currently serving as a sophisticated home theater and office that offers the flexibility for an oversized fourth bedroom with bath. Rich in functionality as well as style, the home also features central vacuum, whole-house audio extending to the patio, and an oversized garage with abundant storage. At the heart of the home, expansive living spaces flow seamlessly outdoors to a true resort-style setting. The backyard was crafted for year-round enjoyment with a sparkling pool, relaxing hot tub, expansive covered patio, outdoor kitchen, automated shades, and an oversized fan designed to keep outdoor gatherings comfortable even during the Texas summer. Permanent exterior lighting allows the home to effortlessly transform for holidays, entertaining, or everyday ambiance. Add a tram and boat dock to create a direct access to Lake Travis?, but in the meantime enjoy access to Waterford's gated private marina just 4 minutes away. Beyond its beauty, this property is an exceptional example of sustainable luxury. . A rare combination of craftsmanship, innovation, comfort, and Lake Travis lifestyle, this remarkable residence offers elevated Hill Country living without compromise.

At $581/sqft, this home is priced 126% 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

1604 Watercliffe Dr, Lago Vista, TX 78645

Property Details

Price $1,750,000
Status Active Listing
Beds 4
Full Baths 5
Half Baths ,
Living Area 3,014 sqft
Lot Size 1.53 acres (66,829.75 sqft)
Year Built 2014
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Waterford On Lake Travis Sec 3
County Travis
Zip Code 78645
$/sqft $581/sqft
Days on Market ,
HOA $1,000/Annually
Annual Tax Est. $32,642.16
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT226360031
List Date April 15, 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 · April 15, 2026 $1,995,000
Previous ask $1,895,000
Current ask $1,750,000
Reduced $245,000 (-12.3%) 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
18509 Sugar Maple Dr
Waterford On Lake Travis Sec 4
$1,699,000 $444 4 bd / 5 ba 3,825 sqft , 2025-06-20
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
19601 Flying J Blvd #15
Reserve AT Lake Travis
$1,319,000 $514 4 bd / 3 ba 2,564 sqft , 2024-09-25
2217 Seabiscuit Cv #103
Alura Pointe Condo
$1,250,000 $377 4 bd / 5 ba 3,316 sqft , 2026-02-09

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
$8,400/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
$350,000
20% conventional investment loan

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

Estimated Gross Rent+$8,400
Principal + Interest−$9,550
Property Tax (~2.1% TX avg)−$3,063
Insurance (~0.5%)−$729
Est. Monthly Cash Flow $-4,942

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 23, 2026.

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