Active Listing  ·  134 days on market

28 Oaks Pl

Lago Vista, TX 78645
$255,000
2 Bed 2 Bath 1,334 sqft $191/sqft Built 1983 0.07 acres 1-Car Garage Pool Oaks At Highland Lake Estates

Welcome to this beautifully remodeled 2-bedroom, 2-bathroom townhome located in The Oaks of Lago Vista on the highly desirable North Shore of Lake Travis. Offering a blend of comfort, style, and low-maintenance living, this move-in ready home is ideal as a full-time residence, weekend retreat, or investment opportunity in the growing Lago Vista real estate market. Inside, you’ll find inviting living spaces filled with natural light, updated finishes, and a functional layout designed for comfortable everyday living. The spacious living area creates a warm and welcoming atmosphere, while the remodeled kitchen and bathrooms provide modern convenience and timeless appeal. Nestled among the scenic beauty of the Texas Hill Country, The Oaks community offers a peaceful setting surrounded by mature trees and nature while remaining close to Lake Travis waterfront parks, boat ramps, golf courses, hiking trails, marinas, restaurants, and Lago Vista amenities. Enjoy the relaxed lake lifestyle that continues to attract buyers searching for Lake Travis townhomes, lock-and-leave homes, vacation properties, and affordable homes near Austin, Cedar Park, Leander, and Georgetown. Don’t miss this opportunity to own a beautifully updated townhome in one of the most scenic waterfront communities near Lake Travis.

At $191/sqft, this home is 26% 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

28 Oaks Pl, Lago Vista, TX 78645

Property Details

Price $255,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,334 sqft
Lot Size 0.07 acres (2,970.79 sqft)
Year Built 1983
Garage 1 spaces
Stories ,
Type Residential · Townhouse
Subdivision Oaks At Highland Lake Estates
County Travis
Zip Code 78645
$/sqft $191/sqft
Days on Market ,
HOA $260/Monthly
Annual Tax Est. $5,662.26
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227977463
List Date May 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 →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · May 12, 2026 $270,000
Current ask $255,000
Reduced $15,000 (-5.6%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
3404 American Dr #3118
Island On Lake Travis Condomin
$249,900 $208 2 bd / 2 ba 1,203 sqft , 2026-03-20
3404 American Dr #3322
Island On Lake Travis Condomin
$265,100 $265 2 bd / 1 ba 1,001 sqft , 2026-08-18
3404 American Dr #3203
The Island
$239,900 $203 2 bd / 2 ba 1,182 sqft , 2026-08-13
3404 American Dr #2106
Island On Lake Travis Condomin
$235,000 $199 2 bd / 2 ba 1,182 sqft , 2026-03-23
3404 American Dr #2202
Island On Lake Travis Condomin
$229,000 $193 2 bd / 2 ba 1,188 sqft , 2026-03-04

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
$1,224/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
$51,000
20% conventional investment loan

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

Estimated Gross Rent+$1,224
Principal + Interest−$1,392
Property Tax (~2.1% TX avg)−$446
Insurance (~0.5%)−$106
Est. Monthly Cash Flow $-720

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 9, 2026.

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