Active Listing  ·  103 days on market

3501 Constitution Dr

Lago Vista, TX 78645
$749,000
3 Bed 3 Bath 3,066 sqft $244/sqft Built 2019 0.23 acres 2-Car Garage Pool Highland Lake Estates Sec 05

On the top of a hill in Lago Vista, this custom modern home has a panoramic view of Lake Travis and the Texas Hill Country. Built by 9 Design Construction and on the market for the first time, it's full of thoughtful luxury upgrades. The standout is the elevated front courtyard built in 2022, designed to frame the lake and Hill Country views, wrapped in stained cedar with a stairway down to the backyard. Inside, the floor plan is open, anchored by a massive open living/dining/kitchen with private greenbelt views. The custom island centers the kitchen, paired with an Italian-crafted Bertazzoni package: a range-oven combo, built-in oven, microwave, and dishwasher. The primary suite sits in its own wing with a large walk-in closet and a spa-inspired bathroom with a soaking tub and oversized walk-in shower. The two secondary bedrooms share a Jack-and-Jill bath, with easy access to the backyard through a private door just down the hall. In 2026, the owners installed a Carrier Infinity HVAC system with a new air handler, surge protection, and multizone thermostats throughout, so every area runs on its own for better efficiency. There's also full-house custom Bali blackout blinds and solar shades, premium artificial turf, and a full landscaping redesign with custom stone bed, eight-foot cedar and black steel fencing, a full gutter system, and an EV charging station. This property includes membership in the Lago Vista POA, with access to nine waterfront parks, multiple boat ramps, a marina, swimming pool, two fitness centers, tennis, pickleball, basketball courts, disc golf, hiking trails, and a lakeside campground. Three bedrooms, three bathrooms, 3,066 square feet, custom-built and impeccably maintained. There's nothing like it in Lago Vista right now.

At $244/sqft, this home is 5% 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

3501 Constitution Dr, Lago Vista, TX 78645

Property Details

Price $749,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 3,066 sqft
Lot Size 0.23 acres (9,988.31 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Lake Estates Sec 05
County Travis
Zip Code 78645
$/sqft $244/sqft
Days on Market ,
HOA $240/Annually
Annual Tax Est. $13,864.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235888713
List Date June 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.

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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
3211 Constitution Dr
Highland Lake Estates Sec 06
$749,500 $261 4 bd / 3 ba 2,868 sqft , 2026-02-11
19818 Colina Dr
COOK
$699,999 $345 4 bd / 3 ba 2,028 sqft , 2026-03-18
3801 Boone Dr
Highland Lake Estates
$799,000 $267 4 bd / 3 ba 2,990 sqft , 2026-02-05
3405 Congress Ave
Highland Lake Estates Sec 05
$675,000 $261 4 bd / 3 ba 2,585 sqft , 2026-09-18
20913 Nimitz Ave
Greens Of Lake Travis Resub
$650,000 $304 4 bd / 4 ba 2,138 sqft , 2026-08-05

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
$3,595/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
$149,800
20% conventional investment loan

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

Estimated Gross Rent+$3,595
Principal + Interest−$4,088
Property Tax (~2.1% TX avg)−$1,311
Insurance (~0.5%)−$312
Est. Monthly Cash Flow $-2,116

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

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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 June 29, 2026.

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