Active Listing  ·  5 days on market

21905 Redbird Dr

Lago Vista, TX 78645
$339,000
3 Bed 3 Bath 1,805 sqft $188/sqft Built 2021 0.26 acres 3-Car Garage Pool Highland Lake Estates Sec 33

Welcome to another beautiful modern home that offers a thoughtful layout with quality finishes.

The home features 4 bedrooms and 2.5 bathrooms, along with a spacious front porch and oversized back patio—perfect for relaxing, enjoying the surrounding wildlife, and taking in beautiful sunsets.

Inside, you’ll find a modern kitchen with plenty of cabinet space, quartz countertops, and stainless steel appliances. The home features wood-look LVP or tile flooring throughout with no carpet, a spacious shower, a water softener loop, convenient laundry room cabinetry, window blinds, and a garage door opener.

The oversized driveway provides plenty of room for your boat, RV, and additional vehicles.

Residents also have access to an impressive selection of community amenities, including five lakefront parks, playgrounds, a swimming pool, fitness center, golf, and more.

A great combination of modern style, functional living space, and outdoor amenities in a desirable lake community.

At $188/sqft, this home is 27% 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

21905 Redbird Dr, Lago Vista, TX 78645

Property Details

Price $339,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,805 sqft
Lot Size 0.26 acres (11,268.97 sqft)
Year Built 2021
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Lake Estates Sec 33
County Travis
Zip Code 78645
$/sqft $188/sqft
Days on Market ,
HOA $150/Annually
Annual Tax Est. $8,089.21
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247304394
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
21804 Crystal Way
Highland Lake Estates Sec 34
$345,000 $222 3 bd / 2 ba 1,554 sqft , 2026-07-14
2701 Warren Cv
Highland Lake Estates Sec 31
$349,000 $192 4 bd / 2 ba 1,820 sqft , 2026-07-23
21204 Santa Rosa Ave
Highland Lake Estates Sec 31
$325,000 $209 3 bd / 2 ba 1,554 sqft , 2026-07-31
21709 Osage Ln
Highland Lake Estates Sec 33
$355,000 $228 3 bd / 2 ba 1,556 sqft , 2025-12-30
21720 Crystal Way
Highland Lake Estates Sec 34
$360,000 $177 3 bd / 2 ba 2,038 sqft , 2026-09-02

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
$1,627/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
$67,800
20% conventional investment loan

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

Estimated Gross Rent+$1,627
Principal + Interest−$1,850
Property Tax (~2.1% TX avg)−$593
Insurance (~0.5%)−$141
Est. Monthly Cash Flow $-957

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 20, 2026.

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