Active Listing  ·  42 days on market

21103 Dawn Dr

Lago Vista, TX 78645
$480,000
3 Bed 2 Bath 1,622 sqft $296/sqft Built 1957 0.77 acres 2-Car Garage Pool Lago Vista Sec 01

Lake views, mature trees, and easy access to the water set the stage at 21103 Dawn Dr in Lago Vista. Situated on approximately 0.77 acres, this 3-bedroom, 2-bath home offers a relaxed lake-area setting with plenty of room to enjoy both indoors and out. Step inside to a bright, open living space highlighted by vaulted ceilings, a masonry fireplace, and expansive new double-pane windows that bring in natural light and showcase the surrounding views.

The kitchen opens to the main living area and features generous cabinetry, ample counter space, and a breakfast bar. The home offers three bedrooms and two full baths, including a primary suite with a walk-in closet and private bath.

Outside, mature trees create a shaded Hill Country setting with multiple areas to relax and entertain, including a spacious deck and fire pit. Water access is approximately 0.3 miles away, making it easy to enjoy the lake lifestyle.

The home is part of the Lago Vista Property Owners Association, with community amenities that include lake access, swimming pool, fitness center, fishing, camping areas, and marina facilities with slips available to rent, subject to availability and applicable fees. An assumable loan option at 3.125% may be available to qualified buyers, subject to lender approval. Whether you are looking for a full-time home or a place to enjoy everything the Lago Vista lifestyle has to offer, this property combines lake views, space, outdoor living, and convenient access to the water.

At $296/sqft, this home is priced 15% 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

21103 Dawn Dr, Lago Vista, TX 78645

Property Details

Price $480,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,622 sqft
Lot Size 0.77 acres (33,593.47 sqft)
Year Built 1957
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lago Vista Sec 01
County Travis
Zip Code 78645
$/sqft $296/sqft
Days on Market ,
HOA $240/Annually
Annual Tax Est. $7,200.84
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242624805
List Date August 12, 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 12, 2026 $500,000
Current ask $480,000
Reduced $20,000 (-4.0%) 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
7312 White Oak Dr
Lago Vista Estates Sec 05
$410,000 $222 3 bd / 2 ba 1,845 sqft , 2026-08-13
20812 Buena Vis
Lago Vista Sec 03 Ph 03
$349,950 $176 3 bd / 3 ba 1,985 sqft , 2026-06-21
20701 Camel Back St
Lago Vista Country Club Estate
$334,900 $190 3 bd / 2 ba 1,759 sqft , 2026-07-15
5704 Roundup Way
Lago Vista Country Club Estate
$324,999 $192 3 bd / 3 ba 1,692 sqft , 2025-12-26

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
$2,304/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
$96,000
20% conventional investment loan

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

Estimated Gross Rent+$2,304
Principal + Interest−$2,620
Property Tax (~2.1% TX avg)−$840
Insurance (~0.5%)−$200
Est. Monthly Cash Flow $-1,356

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 14, 2026.

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