Active Listing  ·  335 days on market

3206 Marshall Ave

Lago Vista, TX 78645
$849,000
4 Bed 4 Bath 3,050 sqft $278/sqft Built 2025 0.24 acres 3-Car Garage Pool New Construction HIGHLAND LAKE ESTATES

Unique and unlike any other, this exceptional residence blends modern innovation with refined sophistication. Built to endure, the home features premium AAC concrete block construction, a lightweight, precast material known for its strength, energy efficiency, and resilience. Offering up to 40% energy savings, it’s naturally insulating, fire-resistant for up to six hours, and impervious to mold, termites, and moisture.

Architecturally striking with soaring ceilings and fine European detailing throughout, the interior showcases a dramatic open kitchen appointed with imported Italian porcelain slab countertops and a waterfall island. Sleek German soft-close cabinetry and an oversized walk-in pantry with additional counters and built-ins combine style with functionality.

The main level primary suite has access to spacious outdoor patio and a luxurious bath rivaling the finest world spas. Oversized shower, soaking tub, dual vanities, detailed accent walls and a custom walk-in closet designed for functionality. A study on the main level presents itself as a possible 5th bedroom with nearby full bath. Laundry room located off mud room for convenience.

Upstairs, a spacious loft provides an additional space for work, play or relaxation. Three additional bedrooms, each with walk-in closets with custom cabinetry and one bedrooms with ensuite bath while the other bedrooms share a jack n jill.

Multiple rear patios across three levels invite seamless indoor-outdoor living surrounded by nature. The custom-engineered, fully insulated concrete roof withstands hurricane and tornado-force winds, ensuring peace of mind. A landscaping allowance from the builder offers the opportunity to personalize your outdoor retreat.

Relaxed hill country suburb of Highland Lakes offers numerous outdoor amenities such as parks, golf and water activities all within 45 minutes of downtown Austin.

At $278/sqft, this home is priced 8% above the Lago Vista active market average of $257/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3206 Marshall Ave, Lago Vista, TX 78645

Property Details

Price $849,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 3,050 sqft
Lot Size 0.24 acres (10,537.16 sqft)
Year Built 2025
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision HIGHLAND LAKE ESTATES
County Travis
Zip Code 78645
$/sqft $278/sqft
Days on Market ,
HOA $200/Annually
Annual Tax Est. $5,846.5
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT209121761
List Date October 23, 2025
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.

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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 · October 23, 2025 $1,000,000
Previous ask $850,000
Current ask $849,000
Reduced $151,000 (-15.1%) 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
2401 Newton Dr
Highland Lake Estates
$849,000 $227 4 bd / 4 ba 3,734 sqft , 2026-02-07
21508 Lake Park Dr
Country Club Estates Sec 05
$850,000 $238 3 bd / 3 ba 3,578 sqft , 2026-09-12
3506 Parliament Cv
Highland Lake Estates Sec 23
$860,000 $318 3 bd / 3 ba 2,706 sqft , 2026-01-21
3801 Boone Dr
Highland Lake Estates
$799,000 $267 4 bd / 3 ba 2,990 sqft , 2026-02-05
3714 PARLIAMENT Cv
Highland Lake Estates Sec 23
$750,000 $323 4 bd / 3 ba 2,320 sqft , 2025-07-29

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
$4,075/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
$169,800
20% conventional investment loan

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

Estimated Gross Rent+$4,075
Principal + Interest−$4,633
Property Tax (~2.1% TX avg)−$1,486
Insurance (~0.5%)−$354
Est. Monthly Cash Flow $-2,398

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 →