Active Listing  ·  143 days on market

20975 Waterside Dr #35

Lago Vista, TX 78645
$489,000
2 Bed 4 Bath 1,942 sqft $252/sqft Built 2002 0.18 acres 2-Car Garage Pool Waterfront Waterside Oaks

Feast your eyes on the condo at 20975 Waterside DR 35, Lago Vista, TX 78645, where Waterfront living meets lock-and-leave convenience, all wrapped up in a package that’s undeniably attractive. 24' covered boat slip with lift. Boat slip is always in deep water regardless of lake level this purchase is available for additional $110000. This end Townhome unit for extra privacy, nestled on Lake Travis, is ready to turn your home dreams into reality. Major update complete with new flooring coming soon. The living room, with its cozy fireplace, is just begging for you to curl up with a good book (or maybe binge-watch your favorite series!). The crown molding adds a touch of elegance, while the built-in shelves offer the perfect spot to display your treasures and trinkets. Prepare to be wowed by the kitchen, a culinary haven boasting stone countertops that are as practical as they are pretty, and a backsplash that adds a pop of pizzazz! Crown molding continues the theme of sophisticated charm, while the stovetop stands ready for you to whip up your signature dishes. In the bathroom, imagine starting your day at the double vanity, no more elbowing for space! The tiled walk-in shower promises a spa-like experience right in your own home. And the bedrooms? It's a true retreat, complete with an (2) Owner ensuites with their own bathrooms for ultimate privacy and convenience, plus crown molding to tie it all together. Second living area could easily be converted to a third bedroom with private bath. Prepare for some fun in the sun at the community pool, or kick back and relax on your private patio or deck overlooking Lake Travis – the choice is yours! The walk-in closet offers plenty of room to store your wardrobe, while the water view offers a daily dose of nature's beauty. With two garage spaces, there's room for your vehicles. This Townhome is a delightful blend of comfort and style, just waiting for you to make it your own!

At $252/sqft, this home is priced in line with the Lago Vista market average of $257/sqft across 225 active listings. View Austin market report →

Location

20975 Waterside Dr #35, Lago Vista, TX 78645

Property Details

Price $489,000
Status Active Listing
Beds 2
Full Baths 3
Half Baths 1
Living Area 1,942 sqft
Lot Size 0.18 acres (7,954.06 sqft)
Year Built 2002
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Waterside Oaks
County Travis
Zip Code 78645
$/sqft $252/sqft
Days on Market ,
HOA $400/Monthly
Annual Tax Est. $9,316
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT217063465
List Date May 3, 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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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
21013 Nimitz Ave
Highland Lake Estates Sec 32
$489,999 $219 3 bd / 3 ba 2,241 sqft , 2026-02-20
2800 Douglas Cv
Highland Lake Estates
$490,000 $211 3 bd / 3 ba 2,317 sqft , 2026-07-23
21201 Norris Cv
Highland Lake Estates Sec 32
$499,000 $224 3 bd / 3 ba 2,230 sqft , 2026-04-10
20911 Waterside Dr #9
Waterside Oaks Condo Amd
$449,000 $231 3 bd / 4 ba 1,942 sqft , 2026-07-28
21208 Santa Rosa Ave
Highland Lake Estates Sec 31
$439,000 $201 3 bd / 2 ba 2,179 sqft , 2026-08-28

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
$2,347/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
$97,800
20% conventional investment loan

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

Estimated Gross Rent+$2,347
Principal + Interest−$2,669
Property Tax (~2.1% TX avg)−$856
Insurance (~0.5%)−$204
Est. Monthly Cash Flow $-1,382

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 29, 2026.

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