Active Listing  ·  22 days on market

20201 Park Strip St #A - B

Lago Vista, TX 78645
$515,000
3 Bed 2 Bath 3,038 sqft $170/sqft Built 2023 0.28 acres 2-Car Garage Pool Lago Vista Civic Center Add

Discover a unique opportunity to own a home in the growing Lago Vista community while having rental income from the adjoining residence help offset your monthly housing costs. Live in one side and let the rent from the other help pay your mortgage. This recently built duplex offers 3,022 total square feet, with two thoughtfully designed 1,511-square-foot residences—each featuring 3 bedrooms, 2 bathrooms, a private fenced yard, and its own garage and driveway.

For an owner-occupant, this property offers a compelling alternative to a traditional single-family home: enjoy the privacy and feel of your own residence while collecting rent from the home next door. It’s an opportunity to reduce your effective monthly housing expense while building equity in the entire property.

Each single-story residence features an open-concept living, dining, and kitchen area with recessed lighting and wood-look vinyl flooring. The kitchens are equipped with a cooktop, electric oven, dishwasher, microwave, refrigerator, and pantry. Each home also includes central heating and air conditioning, a dedicated laundry room with washer/dryer hookups, and a private fenced backyard ideal for relaxing, entertaining, or pets.

Whether you're looking for a primary residence with built-in rental income, a multigenerational living arrangement with separate residences, or a long-term real estate investment, this property offers exceptional flexibility. Enjoy modern living in Lago Vista and access to the desirable Lake Travis lifestyle while owning a property designed to work for you financially.

Why pay the full cost of homeownership yourself when the residence next door can help? Schedule a showing today and explore the possibilities of living in one side while putting the other side to work for you.

At $170/sqft, this home is 34% 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

20201 Park Strip St #A - B, Lago Vista, TX 78645

Property Details

Price $515,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 3,038 sqft
Lot Size 0.28 acres (12,022.56 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · See Remarks
Subdivision Lago Vista Civic Center Add
County Travis
Zip Code 78645
$/sqft $170/sqft
Days on Market ,
HOA $240/Annually
Annual Tax Est. $11,591.44
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245406373
List Date September 1, 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 →

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 · September 1, 2026 $515,000
Previous ask $499,000
Current ask $515,000
Increased , (+0.0%) 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
20701 Deep Crk
Lago Vista Country Club Estates
$499,900 $183 4 bd / 3 ba 2,727 sqft , 2026-03-20
20202 Lincoln Cv
Highland Lake Estates Sec 02
$475,000 $227 3 bd / 3 ba 2,089 sqft , 2026-08-14
19513 Tranquility Falls Path
The Hollows
$574,500 $260 3 bd / 3 ba 2,207 sqft , 2026-08-03
20000 Victoria Chase Rd
7 Porticos
$595,000 $261 3 bd / 3 ba 2,281 sqft , 2026-08-15
19908 Victoria Chase Rd
Porticos
$639,950 $307 3 bd / 3 ba 2,082 sqft , 2026-03-26

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
$2,472/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
$103,000
20% conventional investment loan

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

Estimated Gross Rent+$2,472
Principal + Interest−$2,811
Property Tax (~2.1% TX avg)−$901
Insurance (~0.5%)−$215
Est. Monthly Cash Flow $-1,455

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 10, 2026.

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