Active Listing  ·  28 days on market

18817 Kelly Dr

Lago Vista, TX 78645
$489,000
3 Bed 2 Bath 1,913 sqft $256/sqft Built 2017 0.28 acres 2-Car Garage Pool Point Venture Sec 03-1

Beautiful single-story home situated on a rare, flat lot in Point Venture, surrounded by mature oak trees and offering an exceptional combination of usable outdoor space, privacy, and parking.

Inside, the home features a bright, open floor plan with high ceilings, abundant natural light, and tile flooring throughout the main living areas. The kitchen offers granite countertops, rich wood cabinetry, stainless steel appliances, a center island, breakfast bar, and plenty of storage and workspace. The kitchen flows into the dining and living areas, creating an inviting space for everyday living and entertaining.

The spacious primary suite includes an ensuite bath with dual vanities, granite countertops, soaking tub, separate shower, and a large walk-in closet. Secondary bedrooms provide plenty of flexibility for family, guests, a home office, or hobby space.

Step outside to a large covered back patio spanning much of the rear of the home—perfect for grilling, outdoor dining, and relaxing in the shade. The oversized backyard is framed by beautiful mature trees and offers plenty of room for additional outdoor improvements while maintaining the natural Hill Country setting.

A standout feature is the large, flat parking area along the left side of the home, providing an impressive amount of space for boats, RVs, trailers, additional vehicles, and lake toys—a major advantage for the Lake Travis lifestyle.

With a rare level lot, abundant boat and RV parking, mature trees, expansive covered outdoor living, and a comfortable single-story floor plan, this Point Venture property offers features that are increasingly difficult to find.

At $256/sqft, this home is priced in line with the Lago Vista market average of $257/sqft across 225 active listings. View Austin market report →

Location

18817 Kelly Dr, Lago Vista, TX 78645

Property Details

Price $489,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,913 sqft
Lot Size 0.28 acres (12,031.27 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Point Venture Sec 03-1
County Travis
Zip Code 78645
$/sqft $256/sqft
Days on Market ,
HOA $140/Monthly
Annual Tax Est. $10,609.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244663471
List Date August 26, 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
445 Venture Blvd S
French Quarter
$495,000 $202 4 bd / 4 ba 2,451 sqft , 2026-08-08
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

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
$2,347/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
$97,800
20% conventional investment loan

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

Estimated Gross Rent+$2,347
Principal + Interest−$2,669
Property Tax (~2.1% TX avg)−$856
Insurance (~0.5%)−$204
Est. Monthly Cash Flow $-1,382

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 27, 2026.

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