Active Listing  ·  4 days on market

21206 National Dr

Lago Vista, TX 78645
$489,000
3 Bed 3 Bath 2,212 sqft $221/sqft Built 1976 0.27 acres 2-Car Garage Pool Country Club Estates Sec 07

Backing to the #9 Green of Lago Vista Country Club, this property boasts Lake Travis, hill country, and golf course views from every single room. Tucked in the heart of Lago, this mid-century home was designed to put the scenery on display with views from every room. Homes with this kind of orientation, this level of thoughtfully preserved 1970s design, and this kind of privacy simply aren't being built today-- this isn't just a house, it's a piece of Lago Vista that can't be replicated. Enjoy watching deer wander the fairway, gorgeous sunrise and sunsets, real stargazing on clear nights, and views of the fireworks on hoidays. Whether you're after a full-time residence, second home, or income-producing getaway, this property is a favorite as a lake-and-golf retreat. The garage was built with golf carts in mind + dedicated side-yard parking for a boat or trailer is a rare find this close to the lake. Luxury vinyl plank flooring (2022) runs throughout the home, and the great room, kitchen, and all three bedrooms conveniently walk straight out to the back porch through sliders — giving every room a connection to the view. Interior features include custom cabinetry, utility sink, custom window treatments, + updated windows. Outside, a deck extension surrounds the sparkling pool, all wrapped by a 70' x 8' composite deck spanning the covered porch, screened-in section, + pool area — so many ways to take in the lake and golf course views. The home is oriented so the sun hits the side of the house, keeping main living areas cooler and more energy-efficient. HVAC, roof, water heater, and the sewer system's grinder pump were all updated between 2018-2019. POA membership unlocks 9 waterfront parks, 5 boat ramps, marinas, 2 fitness centers, tennis, + pickleball courts. Lago is currently upgrading irrigation on the golf course, an added bonus for this fairway-front lot. A home w/ a boat pad, golf cart garage, and front-row seat to Lake Travis and the 9th hole — a must see!

At $221/sqft, this home is 14% 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

21206 National Dr, Lago Vista, TX 78645

Property Details

Price $489,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,212 sqft
Lot Size 0.27 acres (11,952.86 sqft)
Year Built 1976
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Country Club Estates Sec 07
County Travis
Zip Code 78645
$/sqft $221/sqft
Days on Market ,
HOA $240/Annually
Annual Tax Est. $10,200
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246124372
List Date September 19, 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
21201 Norris Cv
Highland Lake Estates Sec 32
$499,000 $224 3 bd / 3 ba 2,230 sqft , 2026-04-10
20701 Deep Crk
Lago Vista Country Club Estates
$499,900 $183 4 bd / 3 ba 2,727 sqft , 2026-03-20
21666 High Dr
Country Club Estates Sec 08
$475,000 $262 4 bd / 2 ba 1,813 sqft , 2026-05-26
20202 Lincoln Cv
Highland Lake Estates Sec 02
$475,000 $227 3 bd / 3 ba 2,089 sqft , 2026-08-14
20406 WHITEROCK Dr
Lago Vista Country Club Estate
$509,000 $264 4 bd / 2 ba 1,925 sqft , 2026-08-25

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
$2,347/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
$97,800
20% conventional investment loan

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

Estimated Gross Rent+$2,347
Principal + Interest−$2,669
Property Tax (~2.1% TX avg)−$856
Insurance (~0.5%)−$204
Est. Monthly Cash Flow $-1,382

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 →