Active Listing  ·  146 days on market

8008 Prairie Rye Dr

Lago Vista, TX 78645
$409,999
3 Bed 3 Bath 2,496 sqft $164/sqft Built 2021 0.14 acres 2-Car Garage Pool Tessera/Lk Travis Ph 3A1

Rare assumable loan opportunity potential for significant monthly payment savings compared to current rates. Contact agent for details.

This beautifully appointed home blends peaceful surroundings with elevated, modern living. Enjoy breathtaking sunsets that stretch for miles, with the lake just a short walk away.

Step inside to a thoughtfully designed layout filled with natural light from expansive windows, showcasing quality craftsmanship throughout. You’re welcomed by a striking wrought iron staircase and elegant tile flooring, along with a convenient powder room for guests. The spacious living area features soaring ceilings and an open concept design that is perfect for entertaining.

The kitchen is truly the heart of the home, offering a large island with breakfast bar, gas cooktop, built in microwave, stainless steel appliances, quartz countertops, pendant lighting, a pantry, and a stylish honeycomb tile backsplash.

The downstairs primary suite provides a private retreat, complete with a luxurious en suite bathroom featuring double vanities, a walk in closet, soaking tub, and walk in shower. Upstairs, you’ll find two generously sized bedrooms, a full bath with extended vanity and tub and shower combo, plus a versatile loft and media room that can be used as a home office, gym, playroom, or movie space.

Step outside to a covered patio and a thoughtfully designed backyard with a walking path leading to a sitting area. The yard is partially fenced with a gate, making it great for pets or gardening. Mature trees from the neighboring property provide added shade and privacy.

The community offers a wide range of outdoor amenities including a private dock and boat launch, over a mile of shoreline, fishing, swimming, trails, playscapes, and more, making it ideal for an active lakeside lifestyle.

With its prime location and upscale features, this home delivers the best of comfort, style, and nature.

At $164/sqft, this home is 36% 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

8008 Prairie Rye Dr, Lago Vista, TX 78645

Property Details

Price $409,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,496 sqft
Lot Size 0.14 acres (6,285.71 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tessera/Lk Travis Ph 3A1
County Travis
Zip Code 78645
$/sqft $164/sqft
Days on Market ,
HOA $88/Monthly
Annual Tax Est. $6,142.36
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226243070
List Date April 30, 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 →

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 · April 30, 2026 $419,000
Current ask $409,999
Reduced $9,001 (-2.1%) 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
22614 Maidengrass Lane Ln
Lakeside At Tessera
$410,000 $186 4 bd / 2 ba 2,208 sqft , 2026-03-18
22601 Maidengrass Ln
Tessera/Lk Travis Ph 3A2
$425,000 $189 4 bd / 3 ba 2,248 sqft , 2026-09-02
8502 Red Bottle Brush Rd
Tessera/Lk Travis Ph 4A
$439,950 $238 3 bd / 2 ba 1,846 sqft , 2026-06-04
8507 Pine Muhly Dr
Lakeside at Tessera on Lake Travis
$439,950 $238 3 bd / 2 ba 1,846 sqft , 2026-06-04
8119 Purple Aster Pass
Tessera/Lk Travis Ph 1B2
$447,700 $198 3 bd / 3 ba 2,256 sqft , 2026-06-03

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
$1,968/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
$82,000
20% conventional investment loan

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

Estimated Gross Rent+$1,968
Principal + Interest−$2,238
Property Tax (~2.1% TX avg)−$717
Insurance (~0.5%)−$171
Est. Monthly Cash Flow $-1,158

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 19, 2026.

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