Active Listing  ·  5 days on market

21118 Highland Lake Dr #2

Lago Vista, TX 78645
$309,000
3 Bed 2 Bath 1,710 sqft $181/sqft Built 2007 0.30 acres 2-Car Garage Pool Lago Vista Villas Condo

LOCATION! One story living, private courtyard, rear porch with greenspace and pool views! This one checks boxes you

didn't even know you had! Welcome to easy, low-maintenance living in the highly desirable Vista Villas of Lago Vista,

TX. This rare one-story condo offers 3 bedrooms, 2 bathrooms, and a functional layout designed for comfort and

privacy. Step inside to fresh interior paint completed in 2025, creating a clean and inviting feel throughout. The home

features a private courtyard space perfect for morning coffee or quiet evenings, plus a back porch that backs to

peaceful green space and the community pool, giving you both privacy and a relaxing view. The 2-car garage provides

plenty of storage and convenience, while the single-story design offers easy accessibility with no stairs. Located just

minutes from Lake Travis, this property also includes access to Lago Vista POA amenities, featuring waterfront parks,

boat ramps, fitness centers, pools, hiking trails, and more—bringing the best of lake life right to your doorstep.

Whether you’re looking for a full-time residence or a lock-and-leave lifestyle, this condo offers comfort, convenience,

and the lifestyle Lago Vista is known for.

At $181/sqft, this home is 30% 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

21118 Highland Lake Dr #2, Lago Vista, TX 78645

Property Details

Price $309,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,710 sqft
Lot Size 0.30 acres (12,946.03 sqft)
Year Built 2007
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Lago Vista Villas Condo
County Travis
Zip Code 78645
$/sqft $181/sqft
Days on Market ,
HOA $500/Monthly
Annual Tax Est. $6,459.79
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247258857
List Date September 18, 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
21709 Crystal Way
Highland Lake Estates Sec 34
$300,000 $193 3 bd / 2 ba 1,554 sqft , 2026-07-03
21711 Crystal Way
Highland Lake Estates Sec 34
$299,900 $193 3 bd / 2 ba 1,554 sqft , 2026-08-13
20900 Waterside Dr #1
Waterside Oaks Condo Amd
$295,000 $206 3 bd / 3 ba 1,434 sqft , 2026-04-04
21204 Santa Rosa Ave
Highland Lake Estates Sec 31
$325,000 $209 3 bd / 2 ba 1,554 sqft , 2026-07-31
21905 Redbird Dr
Highland Lake Estates Sec 33
$339,000 $188 3 bd / 3 ba 1,805 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
$1,483/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
$61,800
20% conventional investment loan

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

Estimated Gross Rent+$1,483
Principal + Interest−$1,686
Property Tax (~2.1% TX avg)−$541
Insurance (~0.5%)−$129
Est. Monthly Cash Flow $-873

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 19, 2026.

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