Active Listing  ·  77 days on market

2406 Patriot Dr

Lago Vista, TX 78645
$1,249,995
3 Bed 2 Bath 2,288 sqft $546/sqft Built 1993 2.58 acres 4-Car Garage Pool Waterfront Highland Lake Estates Sec 24

Rare Lake Travis waterfront on 2.579 private, oak-shaded acres in Lago Vista. Positioned along the main body near the 27-mile marker, the property offers deep water, a deep-water cove alongside, easy shoreline access, and wide, unobstructed views with nothing built directly across the lake.

The west-facing orientation brings sunset views over the water from a balcony extending the full length of the home. A lower balcony offers a more intimate view of the lake framed by mature oaks and provides a quiet place for morning coffee, wildlife watching, and the seasonal bird migrations that move through the area. Nearly every window offers a view of the lake, trees, or surrounding landscape.

The 3-bedroom, 2-bath home offers 2,288 square feet, a standing-seam metal roof, and an exceptional 4-car garage with 16-foot ceilings, abundant built-in shelving, and substantial workshop and storage space.

Mature oaks, generous setbacks, and the shape of the acreage create privacy from neighboring homes while leaving open space for games, gatherings, and time outdoors.

More than 2.5 acres. Deep water. Mature trees. Open views. Room to spread out. And a Lake Travis setting that is increasingly difficult to replicate.

At $546/sqft, this home is priced 121% above the Lago Vista active market average of $247/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2406 Patriot Dr, Lago Vista, TX 78645

Property Details

Price $1,249,995
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,288 sqft
Lot Size 2.58 acres (112,341.24 sqft)
Year Built 1993
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Lake Estates Sec 24
County Travis
Zip Code 78645
$/sqft $546/sqft
Days on Market ,
HOA $240/Annually
Annual Tax Est. $16,304.21
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT240930214
List Date July 23, 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
707 Cat Hollow Club Dr
Cat Hollow
$1,035,000 $423 3 bd / 3 ba 2,449 sqft , 2026-09-02
22514 Felicia Dr
Perrys White Cliff
$850,000 $337 3 bd / 3 ba 2,520 sqft , 2026-05-21

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
$6,000/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
$249,999
20% conventional investment loan

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

Estimated Gross Rent+$6,000
Principal + Interest−$6,822
Property Tax (~2.1% TX avg)−$2,187
Insurance (~0.5%)−$521
Est. Monthly Cash Flow $-3,530

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 22, 2026.

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