Active Listing  ·  142 days on market

20510 Houston Cv

Lago Vista, TX 78645
$579,000
3 Bed 2 Bath 2,618 sqft $221/sqft Built 2008 0.49 acres 2-Car Garage Pool Highland Lake Estates Sec 12 A

Perched At The End Of A Quiet Cul-De-Sac, This Spectacular Hilltop Home Offers Breathtaking Panoramic Views Of Lake Travis And The Texas Hill Country. Situated On Two Spacious Lots—Nearly Half An Acre—You’ll Enjoy The Perfect Blend Of Privacy, Open Space, And Flexibility, Whether You’re Dreaming Of Building A Workshop Or Simply Want Extra Room Between Neighbors.

Backing To The Former Highland Lakes Golf Course, The Property Boasts An Expansive Greenbelt Setting With No Rear Neighbors—Providing Peaceful Views And Added Privacy. Should The Course Reopen In The Future, It Could Offer An Immediate Boost In Lifestyle And Potential Value.

Step Outside To Your Elevated Deck, Designed For Relaxation And Entertaining, Complete With A Built-In Spa And Privacy Shade—The Perfect Place To Unwind While Taking In The Stunning Scenery.

Inside, The Home Features 3 Bedrooms, 2 Bathrooms, Plus A Versatile Office Or Dining Space That Can Be Tailored To Your Needs. The Open-Concept Layout Is Bright And Inviting, Showcasing Brand New Flooring, A Spacious Living Area, And A Large Kitchen With A Center Island And Granite Countertops—Ideal For Everyday Living And Hosting.

This Thoughtfully Designed Home Was Custom Built And Has Been Lovingly Maintained By Its Original Owners, Offering Quality Craftsmanship And Pride Of Ownership Throughout.

Located Within The Lago Vista POA, Residents Enjoy Access To An Incredible Array Of Amenities Including 9 Waterfront Parks, 4 Boat Ramps, 2 Fitness Centers, A Pool, Tennis Courts, Pickleball Courts, Basketball Courts, And Endless Opportunities For Lake Living And Outdoor Recreation.

This Is A Rare Opportunity To Own A Private Hilltop Retreat With Space, Views, And Lifestyle All In One.

At $221/sqft, this home is 14% 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

20510 Houston Cv, Lago Vista, TX 78645

Property Details

Price $579,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,618 sqft
Lot Size 0.49 acres (21,527.35 sqft)
Year Built 2008
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Lake Estates Sec 12 A
County Travis
Zip Code 78645
$/sqft $221/sqft
Days on Market ,
HOA $240/Annually
Annual Tax Est. $10,955.32
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228768409
List Date May 4, 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 · May 4, 2026 $625,000
Previous ask $600,000
Current ask $579,000
Reduced $46,000 (-7.4%) 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
2009 American Dr
Highland Lake Estates Sec 26 A
$585,000 $188 3 bd / 3 ba 3,111 sqft , 2026-02-13
20201 BYRD Ave
HIGHLAND LAKE ESTATES SEC 8
$569,000 $201 3 bd / 4 ba 2,837 sqft , 2026-04-17
20711 Henry Ave
Highland Lake Estates Sec 15
$589,500 $214 3 bd / 3 ba 2,754 sqft , 2026-02-12
21409 Patton Ave
Highland Lake Estates Sec 21
$565,000 $257 4 bd / 3 ba 2,200 sqft , 2026-09-17
2909 Davis Cv
Highland Lake Estates Sec 08
$560,000 $259 3 bd / 3 ba 2,158 sqft , 2026-07-21

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
$2,779/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
$115,800
20% conventional investment loan

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

Estimated Gross Rent+$2,779
Principal + Interest−$3,160
Property Tax (~2.1% TX avg)−$1,013
Insurance (~0.5%)−$241
Est. Monthly Cash Flow $-1,635

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 20, 2026.

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