Active Listing  ·  251 days on market

20506 National Dr

Lago Vista, TX 78645
$355,000
4 Bed 2 Bath 1,843 sqft $193/sqft Built 2019 0.28 acres 2-Car Garage Pool Lago Vista Country Club Estate

Beautiful single-family home offering 4 Bedrooms and 2 Full Bathrooms with breathtaking Hill Country Views. The open floor plan provides great flow, with a spacious living room featuring large windows and direct access to the deck-perfect for entertaining or enjoying sunsets and ideal spot to watch the July 4th fireworks. The private primary suite includes space for a sitting area, bay windows overlooking the Hill Country, a large walk-in closet, and full bath with stone countertops, double vanity, garden tub, and separate walk-in shower. Three additional bedrooms offer generous closet space. Kitchen features granite countertops, ample cabinetry, and all appliances convey. Two-car garage plus oversize driveway for extra parking. A rare combination of comfort, views, and functionality, centrally located, close to Lake Travis and all POA Amenities - this home is a must see.

At $193/sqft, this home is 25% 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

20506 National Dr, Lago Vista, TX 78645

Property Details

Price $355,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,843 sqft
Lot Size 0.28 acres (12,301.34 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lago Vista Country Club Estate
County Travis
Zip Code 78645
$/sqft $193/sqft
Days on Market ,
HOA $240/Annually
Annual Tax Est. $7,928.54
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT215678256
List Date January 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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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 · January 15, 2026 $379,900
Previous ask $364,900
Current ask $355,000
Reduced $24,900 (-6.6%) 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
4302 Liberty Ln
Highland Lake Estates Sec 02
$349,999 $193 3 bd / 2 ba 1,813 sqft , 2026-04-24
5302 Thunderbird St
Lago Vista
$364,900 $201 3 bd / 2 ba 1,813 sqft , 2026-04-16
20701 Camel Back St
Lago Vista Country Club Estate
$334,900 $190 3 bd / 2 ba 1,759 sqft , 2026-07-15
5704 Roundup Way
Lago Vista Country Club Estate
$324,999 $192 3 bd / 3 ba 1,692 sqft , 2025-12-26
3800 Annapolis Cv
Highland Lake Estates Sec 04
$389,900 $209 3 bd / 3 ba 1,862 sqft , 2026-08-20

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
$1,704/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
$71,000
20% conventional investment loan

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

Estimated Gross Rent+$1,704
Principal + Interest−$1,937
Property Tax (~2.1% TX avg)−$621
Insurance (~0.5%)−$148
Est. Monthly Cash Flow $-1,002

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 17, 2026.

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