Active Listing  ·  172 days on market

2008 American Dr #2

Lago Vista, TX 78645
$449,000
4 Bed 3 Bath 2,616 sqft $172/sqft Built 2007 0.30 acres 2-Car Garage Pool Lago Vista Villas Condo

Welcome to this beautifully maintained home in Vista Villas, a charming condo community in Lago Vista, Texas, just moments from the shores of Lake Travis. This Tuscan-style residence has been thoughtfully cared for and features new interior paint, new floors, tasteful custom updates, and a bright, open layout. The home showcases new wood-look tile flooring throughout and a spacious living area with soaring cathedral ceilings and abundant natural light. The well-appointed kitchen offers granite countertops, rich wood cabinetry, a breakfast bar, and both casual and formal dining spaces—perfect for everyday living and entertaining. A convenient laundry room with storage and a versatile flex room, ideal for a home office or fourth bedroom, complete the main floor. The primary suite features cathedral ceilings and an en-suite bath with granite countertops, dual vanity, separate soaking tub and shower, and a walk-in closet. Upstairs, you’ll find two additional bedrooms, a full bath, and a generous second living area—perfect for a game room, media space, or guest retreat. Enjoy outdoor living from your private front courtyard or the peaceful rear patio overlooking a greenbelt, where you can relax and take in the natural surroundings and local wildlife. Though just steps from the pool, hot tub, mailboxes, and Amenity Center, this home enjoys a remarkable sense of calm and privacy, offering the convenience without the noise. As part of the Lago Vista Property Owners Association, residents enjoy access to waterfront parks, boat ramps, fitness centers, pools, a clubhouse, campgrounds, and tennis courts. Experience the best of lakeside living with golf, boating, and recreation just minutes away. Some furniture items may be available for purchase or negotiated in the sale. Check documents for LV Club info. NEW GRINDER PUMP IN JULY 2026

At $172/sqft, this home is 33% below the Lago Vista active market average of $256/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2008 American Dr #2, Lago Vista, TX 78645

Property Details

Price $449,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,616 sqft
Lot Size 0.30 acres (12,946.03 sqft)
Year Built 2007
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Lago Vista Villas Condo
County Travis
Zip Code 78645
$/sqft $172/sqft
Days on Market ,
HOA $606/Monthly
Annual Tax Est. $7,241.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224366602
List Date April 5, 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 5, 2026 $459,900
Current ask $449,000
Reduced $10,900 (-2.4%) 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
20911 Waterside Dr #9
Waterside Oaks Condo Amd
$449,000 $231 3 bd / 4 ba 1,942 sqft , 2026-07-28
2010 American Dr #2
Lago Vista Villas Condominiums
$439,900 $168 4 bd / 3 ba 2,616 sqft , 2025-06-26
21208 Santa Rosa Ave
Highland Lake Estates Sec 31
$439,000 $201 3 bd / 2 ba 2,179 sqft , 2026-08-28
2807 Declaration Cir
Highland Lake Estates Sec 08
$460,000 $219 3 bd / 2 ba 2,103 sqft , 2026-07-08
2502 Truman Dr
Highland Lake Estates Sec 29
$429,900 $215 4 bd / 2 ba 2,004 sqft , 2025-05-04

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
$2,155/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
$89,800
20% conventional investment loan

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

Estimated Gross Rent+$2,155
Principal + Interest−$2,450
Property Tax (~2.1% TX avg)−$786
Insurance (~0.5%)−$187
Est. Monthly Cash Flow $-1,268

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 9, 2026.

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