About This Home

Welcome home to this beautifully designed 3-bedroom, 2-bath residence that perfectly blends comfort and style. The open-concept living room, kitchen, and dining area feature soaring high ceilings, creating a bright and spacious atmosphere that's ideal for both everyday living and entertaining. The private primary suite is a true retreat, highlighted with an oversized walk-in shower designed for relaxation and luxury. Step outside to enjoy the covered back patio, the perfect place to unwind with your morning coffee, host family gatherings, or enjoy peaceful evenings outdoors. This home offers the perfect combination of elegance, functionality, and comfort.

At $255/sqft, this home is priced in line with the Lago Vista market average of $257/sqft across 225 active listings. View Austin market report →

Location

2807 American Dr, Lago Vista, TX 78645

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Property Details

Price $395,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,550 sqft

Lot Size 0.24 acres (10,532.81 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Highland Lake Estates Sec 21

County Travis

Zip Code 78645

$/sqft $255/sqft

Days on Market ,

HOA $200/Annually

Annual Tax Est. $1,025.59

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT242083791

List Date August 6, 2026

Elementary School Lago Vista

Middle School Lago Vista

High School Lago Vista

School District ,

Have Questions About This Property?

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

21102 Niagara Cv
Highland Lake Estates Sec 32 $395,000 $232 4 bd / 2 ba 1,702 sqft , 2026-07-01

3404 American Dr #3202
Island On Lake Travis Condomin $375,000 $316 2 bd / 2 ba 1,188 sqft , 2026-07-02

21415 Highland Lake Dr
Highland Lake Estates Sec 26 A $415,000 $219 4 bd / 2 ba 1,893 sqft , 2026-08-12

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

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

$1,896/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

$79,000

20% conventional investment loan

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

Estimated Gross Rent+$1,896

Principal + Interest−$2,156

Property Tax (~2.1% TX avg)−$691

Insurance (~0.5%)−$165

Est. Monthly Cash Flow $-1,116

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

About the Author

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 August 7, 2026.

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

2807 American Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Lago Vista, TX

More Luxury Homes in Lago Vista

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