Active Listing  ·  421 days on market

3714 PARLIAMENT Cv

Lago Vista, TX 78645
$750,000
4 Bed 3 Bath 2,320 sqft $323/sqft Built 1984 0.68 acres 2-Car Garage Pool Waterfront Highland Lake Estates Sec 23

PRICED TO SELL! WATER FRONT LAKE TRAVIS HOME. This place is Turn Key. It's like a MINI-RESORT! This .68 acre property formerly operated as a short term rental and was booked almost every weekend and some week days March-October, then there are still fall & winter rentals. DEEP WATER COVE that has no wake and is like a huge private swimming pool! Perfect for buyers looking for income producing STR already in motion or second home. Vaulted, natural wood, beamed ceilings. Big open concept floor plan. Sweeping views from wall of windows and huge balcony with gas grill, furniture, umbrella & chiminea! ALL FURNITURE AND recently upgraded APPLIANCES INCLUDED! Super clean and well maintained! Garage big/tall enough for good size boat. In addition, the POA offers a swimming pool, gym, tennis courts, pickle ball courts, fishing well & docks, private boat ramps, marina, parks, playgrounds, picnic & beach areas for very low fee of $20/month. Wildlife is abundant in this area and on this property. Lago Vista Property Owners Association is not an HOA and does not exercise any control over your home. Come enjoy the lake lifestyle in Lago Vista! Checkout lagolivin.com for good area info

At $323/sqft, this home is priced 26% 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

3714 PARLIAMENT Cv, Lago Vista, TX 78645

Property Details

Price $750,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,320 sqft
Lot Size 0.68 acres (29,664.36 sqft)
Year Built 1984
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Lake Estates Sec 23
County Travis
Zip Code 78645
$/sqft $323/sqft
Days on Market ,
HOA $240/Annually
Annual Tax Est. $26,504.38
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT203334752
List Date July 29, 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 · July 29, 2025 $899,900
Previous ask $775,000
Current ask $750,000
Reduced $149,900 (-16.7%) 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
3706 Austin Cv
Highland Lake Estates
$750,000 $282 5 bd / 4 ba 2,660 sqft , 2026-05-13
21002 Newhaven Cv
Highland Lake Estates
$674,900 $290 3 bd / 3 ba 2,328 sqft , 2026-09-08
21408 Lakefront Dr
Country Club Estates Sec 05
$659,900 $264 4 bd / 3 ba 2,496 sqft , 2026-07-20
3206 Marshall Ave
HIGHLAND LAKE ESTATES
$849,000 $278 4 bd / 4 ba 3,050 sqft , 2025-10-23
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
$3,600/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
$150,000
20% conventional investment loan

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

Estimated Gross Rent+$3,600
Principal + Interest−$4,093
Property Tax (~2.1% TX avg)−$1,313
Insurance (~0.5%)−$313
Est. Monthly Cash Flow $-2,119

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 21, 2026.

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