Active Listing  ·  454 days on market

2010 American Dr #2

Lago Vista, TX 78645
$439,900
4 Bed 3 Bath 2,616 sqft $168/sqft Built 2007 0.30 acres 2-Car Garage Pool Lago Vista Villas Condominiums

Vista Villas is a small friendly condo community near Lake Travis. This home is one of the few that faces a "greenbelt" rather than another's door, giving you a sense of spaciousness. This home features an expansive layout with the main living areas on the first floor. There is a large living area, generous kitchen boasting a breakfast bar and spacious breakfast area, laundry room with extra storage space, formal dining area, a large flex office/4th bedroom plus a well-appointed primary bedroom with an en-suite bath and large walk-in closet. Upstairs hosts two additional bedrooms, bath and expansive family room, perfect for guests and allowing everyone privacy. There is a private courtyard, the perfect place to enjoy that morning cup of coffee while still in your "comfy clothes" plus a rear patio where you can watch the sunsets and wildlife.-deer, road runners, squirrels, numerous birds, an occasional fox-you never know what you might see. The exterior was recently (2024) repainted and resealed insuring the integrity and aesthetic appeal of the structure. This home is conveniently located near the pool and hot tub, mailboxes and Amenity Center, the perfect place to enjoy bridge or "hand and foot" games, host family celebrations or meet your neighbors for community get-togethers.

Vista Villas is also a member of the Lago Vista Property Owners Assoc. giving you access to the numerous waterfront parks, boat ramps, fishing well, fitness centers, pool, clubhouse, campgrounds, tennis courts and more!

Lago Vista is a prosperous community on the North Shore of Lake Travis that celebrates the lakeside lifestyle. With more than 15 miles of shoreline, you have ample opportunities to boat, fish, kayak, etc. Plus there is an 18-hole golf course for those of you who like to golf. COME LIVE LIKE YOU ARE ON VACATION!

Only $168.16 per square foot!!!

At $168/sqft, this home is 35% below the Lago Vista active market average of $257/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2010 American Dr #2, Lago Vista, TX 78645

Property Details

Price $439,900
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 Condominiums
County Travis
Zip Code 78645
$/sqft $168/sqft
Days on Market ,
HOA $605.63/Monthly
Annual Tax Est. $8,385.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT200146089
List Date June 26, 2025
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 · June 26, 2025 $459,900
Current ask $439,900
Reduced $20,000 (-4.3%) 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
21208 Santa Rosa Ave
Highland Lake Estates Sec 31
$439,000 $201 3 bd / 2 ba 2,179 sqft , 2026-08-28
2008 American Dr #2
Lago Vista Villas Condo
$449,000 $172 4 bd / 3 ba 2,616 sqft , 2026-04-05
20911 Waterside Dr #9
Waterside Oaks Condo Amd
$449,000 $231 3 bd / 4 ba 1,942 sqft , 2026-07-28
2502 Truman Dr
Highland Lake Estates Sec 29
$429,900 $215 4 bd / 2 ba 2,004 sqft , 2025-05-04
20900 Boggy Ford Rd
Country Club Estates Sec 09
$429,000 $212 3 bd / 3 ba 2,021 sqft , 2026-06-20

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
$2,112/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
$87,980
20% conventional investment loan

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

Estimated Gross Rent+$2,112
Principal + Interest−$2,401
Property Tax (~2.1% TX avg)−$770
Insurance (~0.5%)−$183
Est. Monthly Cash Flow $-1,242

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 24, 2026.

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