Active Listing  ·  27 days on market

20923 Oak Dale Dr

Lago Vista, TX 78645
$649,000
4 Bed 3 Bath 2,404 sqft $270/sqft Built 1974 0.83 acres 2-Car Garage Pool Country Club Estates Sec 09

Opportunity, flexibility, and income potential converge at 20923 Oak Dale Drive. Offering approximately 3,100 total square feet, including a climate-controlled workshop, this Lago Vista property features dual primary suites with ensuite baths, calming lake views, distinctive beamed ceilings, and a screened sunroom overlooking the area’s native wildlife. For investors, a short-term-rental analysis projects approximately $79,000 in annual gross revenue at 60% occupancy. For homeowners and remodelers, the roof-truss design may offer greater flexibility to reconfigure certain interior walls, subject to verification by a qualified engineer and applicable permits. Numerous recent updates and upgrades have been made to major components, providing a strong foundation for the next owner’s vision. Ideal for an STR investment, multigenerational household, second home, or personalized lake-area retreat.

STR figures are projections only—not guaranteed income—and are subject to nightly rates, occupancy, operating expenses, market conditions, management, permitting, zoning, deed restrictions, and POA rules. Square footage, structural configuration, improvements, permits, schools, taxes, amenities, and all other information must be independently verified by buyer. Property is offered subject to buyer’s inspections and due diligence. Caveat emptor.

At $270/sqft, this home is priced 5% above the Lago Vista active market average of $257/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

20923 Oak Dale Dr, Lago Vista, TX 78645

Property Details

Price $649,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,404 sqft
Lot Size 0.83 acres (36,154.8 sqft)
Year Built 1974
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Country Club Estates Sec 09
County Travis
Zip Code 78645
$/sqft $270/sqft
Days on Market ,
HOA $275/Annually
Annual Tax Est. $9,818.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242441725
List Date August 27, 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 · August 27, 2026 $675,000
Current ask $649,000
Reduced $26,000 (-3.9%) 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
20913 Nimitz Ave
Greens Of Lake Travis Resub
$650,000 $304 4 bd / 4 ba 2,138 sqft , 2026-08-05
20901 Oak Dale Dr
Country Club Estates Sec 09
$639,000 $279 3 bd / 3 ba 2,291 sqft , 2026-08-31
21408 Lakefront Dr
Country Club Estates Sec 05
$659,900 $264 4 bd / 3 ba 2,496 sqft , 2026-07-20
21002 Newhaven Cv
Highland Lake Estates
$674,900 $290 3 bd / 3 ba 2,328 sqft , 2026-09-08
3405 Congress Ave
Highland Lake Estates Sec 05
$675,000 $261 4 bd / 3 ba 2,585 sqft , 2026-09-18

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
$3,115/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
$129,800
20% conventional investment loan

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

Estimated Gross Rent+$3,115
Principal + Interest−$3,542
Property Tax (~2.1% TX avg)−$1,136
Insurance (~0.5%)−$270
Est. Monthly Cash Flow $-1,833

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 September 21, 2026.

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