Active Listing  ·  155 days on market

3404 American Dr #3111

Lago Vista, TX 78645
$195,000
1 Bed 1 Bath 779 sqft $250/sqft Built 1987 0.16 acres 1-Car Garage Pool Waterfront Island On Lake Travis Condomin

Experience True Resort-Style Living On The Island on Lake Travis! This Stunning One Bedroom, One Bathroom Condo Offers Breathtaking, Unobstructed Lake Views Paired With A Massive Outdoor Terrace—Perfect For Entertaining Or Relaxing While Enjoying The Beauty Of Lake Travis.

This Turnkey Unit Can Be Sold Fully Furnished, Making It An Incredible Opportunity For Investors Or Those Seeking A Vacation Retreat. Short-Term Rentals Are Allowed And Perform Exceptionally Well, Offering Strong Income Potential In One Of The Most Sought-After Waterfront Communities In The Area.

Inside, You’ll Find A Beautifully Remodeled Kitchen Featuring Granite Countertops, Sleek Modern Cabinetry, And Updated Finishes Throughout. The Spacious Bedroom Provides Comfort And Privacy, While The Luxurious Bathroom Includes A Walk-In Shower And A Relaxing Soaking Tub—Perfect For Unwinding After A Day On The Lake.

This Fully Gated Community Offers Top-Tier Amenities Including Multiple Resort-Style Pools, A Spa, Fitness Center, Marina With Direct Lake Access, And An On-Site Restaurant And Bar—Everything You Need For The Ultimate Lakefront Lifestyle.

Don’t Miss Your Chance To Own A Waterfront Condo That Truly Feels Like A Vacation Every Day On Lake Travis!

At $250/sqft, this home is 3% 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

3404 American Dr #3111, Lago Vista, TX 78645

Property Details

Price $195,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 779 sqft
Lot Size 0.16 acres (6,930.4 sqft)
Year Built 1987
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Island On Lake Travis Condomin
County Travis
Zip Code 78645
$/sqft $250/sqft
Days on Market ,
HOA $443/Monthly
Annual Tax Est. $5,201.34
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT227172218
List Date April 21, 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
3404 American Dr #1225
Island on Lake Travis Condominium
$199,000 $282 1 bd / 1 ba 705 sqft , 2025-12-02
3404 American Dr #2205
Island On Lake Travis Condomin
$229,000 $272 1 bd / 1 ba 842 sqft , 2026-03-16
3404 American Dr #2212
Island On Lake Travis Condomin
$229,900 $273 1 bd / 2 ba 842 sqft , 2026-04-10
3404 American Dr #2200
Island/Lk Travis Condo
$240,000 $384 1 bd / 1 ba 625 sqft , 2026-03-16
3404 American Dr #2209
Island On Lake Travis Condomin
$249,000 $296 1 bd / 2 ba 842 sqft , 2026-07-13

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
$936/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
$39,000
20% conventional investment loan

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

Estimated Gross Rent+$936
Principal + Interest−$1,064
Property Tax (~2.1% TX avg)−$341
Insurance (~0.5%)−$81
Est. Monthly Cash Flow $-550

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 July 24, 2026.

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