Active Listing  ·  15 days on market

21007 Deede Dr

Lago Vista, TX 78645
$675,000
3 Bed 3 Bath 2,782 sqft $243/sqft Built 2003 0.25 acres 4-Car Garage Pool Lago Vista Sec 03 Ph 02

Perched atop one of Lago Vista’s scenic hills, this exceptional residence captures sweeping panoramic views of Lake Travis and the surrounding Texas Hill Country. From the breathtaking sunsets to the tranquil natural setting, every detail of this home was thoughtfully designed to showcase its remarkable surroundings.

The elegant, open-concept interior offers an effortless flow for both everyday living and entertaining. Upstairs, the expansive primary suite serves as a private retreat, featuring a beautifully appointed bathroom and direct access to a generous deck where the spectacular views take center stage.

The lower level includes two additional bedrooms, a versatile study or flex space, and an impressive private cinema and game room. Theater-style lighting, a projection screen, projector, and seating are all included, creating the ultimate setting for movie nights and entertaining.

An oversized garage provides exceptional space and features its own deck, seamlessly connected to the home’s expansive rear deck. The seller also owns the lot directly behind the property, offering an opportunity for additional privacy or space and available for purchase separately.

Ownership includes access to the sought-after Lago Vista Property Owners Association amenities, including nine waterfront parks, four boat ramps, two fitness centers, a swimming pool, tennis and pickleball courts, and endless opportunities to embrace the Lake Travis lifestyle.

At $243/sqft, this home is 5% 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

21007 Deede Dr, Lago Vista, TX 78645

Property Details

Price $675,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,782 sqft
Lot Size 0.25 acres (10,707.05 sqft)
Year Built 2003
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lago Vista Sec 03 Ph 02
County Travis
Zip Code 78645
$/sqft $243/sqft
Days on Market ,
HOA $240/Annually
Annual Tax Est. $10,150.2
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246174781
List Date September 8, 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
6201 Valleyview St
Lago Vista SEC 1
$653,500 $290 4 bd / 3 ba 2,254 sqft , 2025-11-11
6400 Lakeshore Dr
Lago Vista Sec 01
$750,000 $272 3 bd / 3 ba 2,754 sqft , 2026-04-11
7601 Bar K Ranch Rd
Lago Vista Estates Sec 6
$775,000 $416 4 bd / 4 ba 1,862 sqft , 2026-06-12
20201 Park Strip St #A - B
Lago Vista Civic Center Add
$515,000 $170 3 bd / 2 ba 3,038 sqft , 2026-09-01

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
$3,240/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
$135,000
20% conventional investment loan

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

Estimated Gross Rent+$3,240
Principal + Interest−$3,684
Property Tax (~2.1% TX avg)−$1,181
Insurance (~0.5%)−$281
Est. Monthly Cash Flow $-1,906

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 →