Active Listing  ·  54 days on market

21204 Santa Rosa Ave

Lago Vista, TX 78645
$325,000
3 Bed 2 Bath 1,554 sqft $209/sqft Built 2018 0.24 acres 2-Car Garage Pool Highland Lake Estates Sec 31

Well-maintained and move-in ready, this beautifully cared-for home offers an inviting open floor plan with seamless flow between the kitchen, dining, and living areas. The kitchen features upgraded cabinetry, while beautiful wood-look tile extends throughout the main living areas for a stylish, cohesive feel. Enjoy the convenience of nearby POA lake access, located just down the street, with an area where you can launch your boat. A great opportunity to enjoy the Lake Travis lifestyle with convenient access to the water. Potential boat available for separate purchase with a separate bill of sale.

At $209/sqft, this home is 19% 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

21204 Santa Rosa Ave, Lago Vista, TX 78645

Property Details

Price $325,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,554 sqft
Lot Size 0.24 acres (10,406.48 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Lake Estates Sec 31
County Travis
Zip Code 78645
$/sqft $209/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,701.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240645542
List Date July 31, 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
21905 Redbird Dr
Highland Lake Estates Sec 33
$339,000 $188 3 bd / 3 ba 1,805 sqft , 2026-09-18
21600 Pierce cv None #101
Highland Lake Estates Sec 21
$310,000 $258 3 bd / 3 ba 1,200 sqft , 2026-06-18
2802 Douglas Cv
Highland Lake Estates Sec 14
$340,000 $195 3 bd / 2 ba 1,745 sqft , 2026-09-16
21118 Highland Lake Dr #2
Lago Vista Villas Condo
$309,000 $181 3 bd / 2 ba 1,710 sqft , 2026-09-18
21804 Crystal Way
Highland Lake Estates Sec 34
$345,000 $222 3 bd / 2 ba 1,554 sqft , 2026-07-14

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
$1,560/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
$65,000
20% conventional investment loan

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

Estimated Gross Rent+$1,560
Principal + Interest−$1,774
Property Tax (~2.1% TX avg)−$569
Insurance (~0.5%)−$135
Est. Monthly Cash Flow $-918

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 9, 2026.

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