Active Listing  ·  8 days on market

2111 American Dr

Lago Vista, TX 78645
$599,999
4 Bed 2 Bath 1,982 sqft $303/sqft Built 2018 0.22 acres 3.5-Car Garage Pool Highland Lake Estates Sec 26 A

Lake Travis living without the waterfront price tag. This move-in ready Lago Vista home brings together the things that make life here fun: a private pool, putting green, covered outdoor living, and easy access to the lake. Lago Vista POA membership gives homeowners access to multiple waterfront parks and boat launches, making it easy to spend more time on the water.

Built in 2018, the home has been thoughtfully updated with stylish lighting, paint, fixtures and finishes throughout. There is no carpet, with wood-look tile through the main living areas and large-format, neutral-toned tile in the bathrooms. The open living area is anchored by a floor-to-ceiling stone fireplace and flows into a spacious kitchen with a large island, four-burner gas range with center griddle, abundant cabinetry and plenty of room for entertaining. The four-bedroom layout offers added flexibility, with two rooms currently used as offices. One readily converts back to a traditional bedroom, while the other is especially well suited as a dedicated home office or flex room. The private primary suite is separated from the secondary bedrooms and features dual walk-in closets, double vanities, a soaking tub and an oversized walk-in shower.

Outside, the backyard was designed for enjoyment without a lot of upkeep. Low-maintenance turf surrounds the putting green, while the pool and covered patio offer plenty of space to relax, watch the game, grill or gather with friends. The three-car garage also includes an extended area currently used as a home gym, with added flexibility for hobbies, a workbench, or boat storage.

Short-term rentals are permitted, giving owners the option to enjoy the home themselves, use it as a second home, or generate rental income when they’re away. A polished, easy-to-enjoy home that makes the most of the Lago Vista and Lake Travis lifestyle.

At $303/sqft, this home is priced 18% 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

2111 American Dr, Lago Vista, TX 78645

Property Details

Price $599,999
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,982 sqft
Lot Size 0.22 acres (9,757.44 sqft)
Year Built 2018
Garage 3.5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Lake Estates Sec 26 A
County Travis
Zip Code 78645
$/sqft $303/sqft
Days on Market ,
HOA $200/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246553630
List Date September 15, 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
2108 Patriot Dr
Highland Lake Estates Sec 24
$580,000 $293 3 bd / 3 ba 1,981 sqft , 2026-05-17
20510 Houston Cv
Highland Lake Estates Sec 12 A
$579,000 $221 3 bd / 2 ba 2,618 sqft , 2026-05-04
21409 Patton Ave
Highland Lake Estates Sec 21
$565,000 $257 4 bd / 3 ba 2,200 sqft , 2026-09-17
20901 Oak Dale Dr
Country Club Estates Sec 09
$639,000 $279 3 bd / 3 ba 2,291 sqft , 2026-08-31
20923 Oak Dale Dr
Country Club Estates Sec 09
$649,000 $270 4 bd / 3 ba 2,404 sqft , 2026-08-27

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
$2,880/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
$120,000
20% conventional investment loan

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

Estimated Gross Rent+$2,880
Principal + Interest−$3,274
Property Tax (~2.1% TX avg)−$1,050
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,694

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 16, 2026.

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