Active Listing  ·  161 days on market

18944 Peckham Dr

Lago Vista, TX 78645
$1,295,000
5 Bed 3 Bath 2,960 sqft $438/sqft Built 2002 0.35 acres 2-Car Garage Pool Point Venture Sec 03-1

Thoughtful "down to the studs" re-imagined lake retreat in Point Venture, created for gathering, hosting & seamless indoor-outdoor living. This extensively renovated home features high-quality finish-out throughout, with a layout supporting both a private owner’s retreat & dedicated guest/entertainment experience.

From the moment you enter, the home opens to immediate lake views, creating a seamless connection to the outdoors and setting the tone for lake style living. Expansive chef’s kitchen with, oversized peninsula island, high-end range & dry bar, opening to a spacious living area with lake views from nearly every room. The second-floor primary suite offers privacy, elevated lake views & direct access to a private balcony—creating a quiet retreat set apart from guest spaces.

Outdoor living is the centerpiece, featuring a multi-tiered resort-style setting with infinity pool, spa, water feature, expansive Ipe wood deck & fully equipped outdoor kitchen with automatic shades & multiple living/dining areas. A full-length deck spans the back of the home with a louvered covering for flexible sun & shade, while a stone fireplace & seating area create an inviting setting for evening gatherings. Over $520,000 has been invested, including a $225,000 infinity pool & spa, with additional upgrades enhancing the outdoor entertaining experience.

Upstairs, a private entertainment & guest wing includes media room, game room with kitchenette & multiple guest suites with balcony access overlooking the lake & direct connectivity to outdoor areas below. This wing can be closed off, offering both separation & flexibility.

A covered breezeway connects to an oversized garage with space for recreational storage, additional refrigeration & lake lifestyle equipment. Circular drive allows easy access & guest parking. Turn-key purchase available. Point Venture is a community with Lake Travis access, marina, 50-acre waterfront park, golf, pickleball, tennis, trails & dining.

At $438/sqft, this home is priced 70% 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

18944 Peckham Dr, Lago Vista, TX 78645

Property Details

Price $1,295,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 2,960 sqft
Lot Size 0.35 acres (15,049.98 sqft)
Year Built 2002
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Point Venture Sec 03-1
County Travis
Zip Code 78645
$/sqft $438/sqft
Days on Market ,
HOA $80/Monthly
Annual Tax Est. $16,493.09
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226119819
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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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
432 Venture Blvd S
Point Venture Sec 01
$979,000 $278 4 bd / 5 ba 3,516 sqft , 2026-06-05
18702 Lakeland Dr
Point Venture Sec 01
$899,000 $238 4 bd / 4 ba 3,774 sqft , 2026-03-20
18509 Sugar Maple Dr
Waterford On Lake Travis Sec 4
$1,699,000 $444 4 bd / 5 ba 3,825 sqft , 2025-06-20

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
$6,216/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
$259,000
20% conventional investment loan

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

Estimated Gross Rent+$6,216
Principal + Interest−$7,067
Property Tax (~2.1% TX avg)−$2,266
Insurance (~0.5%)−$540
Est. Monthly Cash Flow $-3,657

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 22, 2026.

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