Active Listing  ·  172 days on market

20900 Waterside Dr #1

Lago Vista, TX 78645
$295,000
3 Bed 3 Bath 1,434 sqft $206/sqft Built 2002 0.18 acres 1-Car Garage Pool Waterside Oaks Condo Amd

This is the one! An exceptional opportunity to live so close to Lake Travis at an incredible value. Tucked away in the Waterside Oaks condo community of Lago Vista, this two-story end unit offers privacy, space, and an ideal layout.

Step onto the covered front porch—perfect for morning coffee—before entering a bright, airy living room with soaring ceilings and abundant natural light. The open-concept design flows seamlessly into the updated kitchen, featuring quartz countertops, stainless steel appliances and a convenient laundry closet. The spacious dining area overlooks the private backyard and patio, creating an inviting space for everyday living and entertaining. The fully fenced backyard offers a secure and relaxing outdoor retreat—ideal for pets to roam and play freely. A well-placed half bath completes the main level.

Upstairs, the primary suite offers a full updated bath with a walk-in shower, accompanied by two additional bedrooms and an updated guest bath.

An attached single car garage offers convenient parking. New grinder pump installed August 2025 and all new windows December 2021.

Residents also enjoy resort-style amenities, including a sparkling pool overlooking the lake, a pavilion perfect for gatherings and meals, beautiful lawns with trees, and incredible sweeping lake views. The property is also located within the LVPOA, which provides an abundance of amenities including 9 waterfront parks, boat ramps, lake access, campground, fitness centers, pavilions, playground, marina, pool, sport courts, disc golf and hiking trails - a true way to enjoy living the lake life!

Live every day like you’re on vacation, or make this your perfect vacation home near Lake Travis!

At $206/sqft, this home is 20% 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

20900 Waterside Dr #1, Lago Vista, TX 78645

Property Details

Price $295,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,434 sqft
Lot Size 0.18 acres (7,954.06 sqft)
Year Built 2002
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Waterside Oaks Condo Amd
County Travis
Zip Code 78645
$/sqft $206/sqft
Days on Market ,
HOA $400/Monthly
Annual Tax Est. $6,784.84
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223642468
List Date April 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 →

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
21711 Crystal Way
Highland Lake Estates Sec 34
$299,900 $193 3 bd / 2 ba 1,554 sqft , 2026-08-13
21709 Crystal Way
Highland Lake Estates Sec 34
$300,000 $193 3 bd / 2 ba 1,554 sqft , 2026-07-03
21118 Highland Lake Dr #2
Lago Vista Villas Condo
$309,000 $181 3 bd / 2 ba 1,710 sqft , 2026-09-18
21204 Santa Rosa Ave
Highland Lake Estates Sec 31
$325,000 $209 3 bd / 2 ba 1,554 sqft , 2026-07-31
28 Oaks Pl
Oaks At Highland Lake Estates
$255,000 $191 2 bd / 2 ba 1,334 sqft , 2026-05-12

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
$1,416/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
$59,000
20% conventional investment loan

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

Estimated Gross Rent+$1,416
Principal + Interest−$1,610
Property Tax (~2.1% TX avg)−$516
Insurance (~0.5%)−$123
Est. Monthly Cash Flow $-833

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 June 19, 2026.

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