Active Listing  ·  40 days on market

20202 Lincoln Cv

Lago Vista, TX 78645
$475,000
3 Bed 3 Bath 2,089 sqft $227/sqft Built 2022 0.23 acres 2-Car Garage Pool Highland Lake Estates Sec 02

Welcome to 20202 Lincoln Cove, a beautifully designed 2022-built stone home tucked near the end of a quiet cul-de-sac in Lago Vista’s sought-after Highland Lake Estates. Positioned high on a generous lot, this 2,089 sq ft home offers thoughtful separation of living spaces, modern finishes, and beautiful valley views.

The lower level features a spacious game/family room, two secondary bedrooms, a full bath, and a separate side entrance—ideal for guests, multigenerational living, or a flexible private space. Upstairs, the open-concept main level centers around a stunning kitchen with quartz countertops, gold fixtures, timeless tile backsplash, pantry, and oversized island with waterfall edge and abundant seating. The adjacent living area opens to a covered back deck overlooking the valley.

The main-level primary suite is a true retreat, featuring a walk-in closet, dual vanities, and a spa-inspired wet room with a tiled shower and freestanding soaking tub. A laundry room and half bath complete the main level.

Step outside to a low-maintenance backyard designed for entertaining, with a stone retaining wall, crushed-stone landscaping, patio, built-in grill, and firepit. The property backs to greenspace, offering added privacy with no rear neighbors. The garage also includes an EV charger outlet.

Highland Lake Estates residents enjoy an impressive array of amenities, including multiple boat ramps, clubhouse, pool, playground, picnic areas, fitness center, walking trails, and an airstrip. Conveniently located near Lake Travis, shopping, dining, and downtown Lago Vista, with easy access to Hwy 183. A versatile home with exceptional outdoor living and room to make it your own—come experience all that 20202 Lincoln Cove has to offer!

At $227/sqft, this home is 12% 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

20202 Lincoln Cv, Lago Vista, TX 78645

Property Details

Price $475,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,089 sqft
Lot Size 0.23 acres (9,801 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Lake Estates Sec 02
County Travis
Zip Code 78645
$/sqft $227/sqft
Days on Market ,
HOA $240/Annually
Annual Tax Est. $10,245
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243241090
List Date August 14, 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 · August 14, 2026 $485,000
Current ask $475,000
Reduced $10,000 (-2.1%) 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
21206 National Dr
Country Club Estates Sec 07
$489,000 $221 3 bd / 3 ba 2,212 sqft , 2026-09-19
20302 Boggy Ford Rd
Lago Vista Country Club Estates
$460,000 $205 3 bd / 3 ba 2,243 sqft , 2026-09-16
20102 Coolidge Ln
Highland Lake Estates Sec 03
$459,000 $213 3 bd / 3 ba 2,158 sqft , 2026-08-18
20701 Deep Crk
Lago Vista Country Club Estates
$499,900 $183 4 bd / 3 ba 2,727 sqft , 2026-03-20
20014 Boggy Ford Rd
Highland Lake Estates Sec 02
$448,770 $263 4 bd / 2 ba 1,707 sqft , 2026-05-26

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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 9, 2026.

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