Active Listing  ·  166 days on market

21201 Norris Cv

Lago Vista, TX 78645
$499,000
3 Bed 3 Bath 2,230 sqft $224/sqft Built 2021 0.24 acres 2-Car Garage Pool Highland Lake Estates Sec 32

Seller willing to pay $5K towards buyer closing costs! Welcome to 21201 Norris Cove! Constructed by the reputable Kenwood Custom Homes in 2021, this home still feels like a brand-new build and has been meticulously maintained by the original owner. This cul-de-sac lot is positioned within a serene and quiet pocket of Lago Vista that offers both privacy and quick access to Lake Travis, the golf course, and LVPOA amenities. Norris Cove is heavily treed, situated along a cul-de-sac, and offers beautiful views along the back side of the property. The corner lot element, abundance of windows, and savvy layout work together to bring in a ton of natural light into this home! Take in treetops, greenery, and views from the main living areas, owner’s suite, and outdoor spaces. Features include custom window treatments, exterior xeriscaping, two laundry rooms, no carpet, wood-look tile throughout, two covered outdoor living areas, modern, high-end finishes, and cabinetry/storage galore. One can feel the level of quality, customization, and attention to detail throughout. This low maintenance, hill country treehouse is move-in ready and a must see! || Great Opportunity. 2900 Newton (lot directly behind property) listed on the market for $45K listed .29 acres. MLS SA1925713

At $224/sqft, this home is 13% 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

21201 Norris Cv, Lago Vista, TX 78645

Property Details

Price $499,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,230 sqft
Lot Size 0.24 acres (10,345.5 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Lake Estates Sec 32
County Travis
Zip Code 78645
$/sqft $224/sqft
Days on Market ,
HOA $200/Annually
Annual Tax Est. $10,740.4
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225848855
List Date April 10, 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
2800 Douglas Cv
Highland Lake Estates
$490,000 $211 3 bd / 3 ba 2,317 sqft , 2026-07-23
21013 Nimitz Ave
Highland Lake Estates Sec 32
$489,999 $219 3 bd / 3 ba 2,241 sqft , 2026-02-20
20975 Waterside Dr #35
Waterside Oaks
$489,000 $252 2 bd / 4 ba 1,942 sqft , 2026-05-03
21206 National Dr
Country Club Estates Sec 07
$489,000 $221 3 bd / 3 ba 2,212 sqft , 2026-09-19
21100 Niagara Cv
Highland Lake Estates Sec 32
$485,000 $230 4 bd / 2 ba 2,106 sqft , 2026-01-11

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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (~2.1% TX avg)−$873
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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 →