Active Listing  ·  42 days on market

21415 Highland Lake Dr

Lago Vista, TX 78645
$415,000
4 Bed 2 Bath 1,893 sqft $219/sqft Built 2025 0.28 acres 2-Car Garage Pool Highland Lake Estates Sec 26 A

Introducing a truly exceptional home that stands apart from anything else in its price range. Thoughtfully designed with an array of premium upgrades, this property is a must-see. Step inside to discover soaring ceilings, elegant recessed lighting, and exquisite quartz countertops—all complemented by high-end finishes that exude modern sophistication. The spacious layout offers four bedrooms and two beautifully appointed bathrooms across nearly 1,900 square feet of living space. Situated on a desirable large corner lot, the home is just two blocks from Emerald Park, where you’ll enjoy direct lake access and a year-round boat ramp—regardless of lake levels. The fully landscaped and fenced backyard creates a private retreat perfect for relaxation or entertaining. As part of the Lago Vista POA, residents enjoy exclusive access to nine waterfront parks, four boat ramps, two fitness centers, a swimming pool, tennis and pickleball courts, basketball courts, and an abundance of outdoor activities—all just moments from your door. This is more than a home; it’s a lifestyle. Don’t miss your opportunity to experience lakeside living at its finest.

At $219/sqft, this home is 15% 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

21415 Highland Lake Dr, Lago Vista, TX 78645

Property Details

Price $415,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,893 sqft
Lot Size 0.28 acres (12,275.21 sqft)
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Lake Estates Sec 26 A
County Travis
Zip Code 78645
$/sqft $219/sqft
Days on Market ,
HOA $240/Annually
Annual Tax Est. $8,171.22
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243156175
List Date August 12, 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
21105 Newport Cv
Highland Lake Estates Sec 32
$419,000 $234 3 bd / 2 ba 1,793 sqft , 2026-08-22
3113 Nobel Cir
Highland Lake Estates Sec 32
$429,872 $278 3 bd / 2 ba 1,547 sqft , 2026-04-24
2502 Truman Dr
Highland Lake Estates Sec 29
$429,900 $215 4 bd / 2 ba 2,004 sqft , 2025-05-04
1601 Judy Lynn Dr #207
Whitecliff Condominia Ph 01 Amd
$399,000 $312 3 bd / 2 ba 1,279 sqft , 2025-07-25
21102 Niagara Cv
Highland Lake Estates Sec 32
$395,000 $232 4 bd / 2 ba 1,702 sqft , 2026-07-01

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
$1,992/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
$83,000
20% conventional investment loan

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

Estimated Gross Rent+$1,992
Principal + Interest−$2,265
Property Tax (~2.1% TX avg)−$726
Insurance (~0.5%)−$173
Est. Monthly Cash Flow $-1,172

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

More Luxury Homes in Lago Vista

Loading…
View All Luxury Homes →
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 13, 2026.

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