Active Listing  ·  111 days on market

8505 Pine Muhly Dr

Lago Vista, TX 78645
$489,950
4 Bed 4 Bath 2,482 sqft $197/sqft Built 2024 0.18 acres 2-Car Garage Pool New Construction Tessera/Lk Travis Ph 4A

*HUGE BUYER INCENTIVES*-This weekend only, 4.75% (OAC)+ Closing Costs! Also, FREE cabinet hardware upgrade on every home under contract before Sunday, Aug 23rd at midnight!

*NEW CONSTRUCTION* - AVAILABLE NOW!

Discover a harmonious blend of style and comfort in this stunning 4-bedroom, 3.5-bathroom home, perfectly situated in LAKESIDE AT TESSERA. This inviting residence spans 2482 square feet across two stories, offering a seamless flow of living space ideal for both relaxation and entertaining. The expansive living room boasts soaring ceilings and large windows, bathing the area in natural light, complemented by a modern fireplace for cozy evenings. An open-concept design integrates a well-appointed kitchen featuring a central island, recessed lighting, and stainless-steel appliances. The upper level offers versatile living with a spacious loft area, complete with plush carpeting and recessed lighting, overlooking the entry and downstairs living spaces. The primary bathroom is a private sanctuary, featuring a double vanity, a standalone soaking tub, a separate tiled shower with a built-in bench, and a walk-in closet. A dedicated laundry room inside provides convenience with necessary hookups and shelving. Outside, a private patio awaits, offering tranquil hillside views and a spacious private yard, perfect for outdoor enjoyment and entertaining. This home masterfully combines modern amenities with comfortable living, creating an exceptional lifestyle opportunity.

Photos may not be of actual home but of same floor plan.

At $197/sqft, this home is 23% 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

8505 Pine Muhly Dr, Lago Vista, TX 78645

Property Details

Price $489,950
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,482 sqft
Lot Size 0.18 acres (7,840.8 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tessera/Lk Travis Ph 4A
County Travis
Zip Code 78645
$/sqft $197/sqft
Days on Market ,
HOA $936/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT232698449
List Date June 4, 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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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 · June 4, 2026 $529,950
Previous ask $497,950
Current ask $489,950
Reduced $40,000 (-7.5%) 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
8424 Red Bottle Brush Rd
Tessera/Lk Travis Ph 4A
$489,950 $197 4 bd / 4 ba 2,482 sqft , 2026-06-04
8523 Pine Muhly Dr
Lakeside at Tessera on Lake Travis
$499,950 $178 5 bd / 4 ba 2,814 sqft , 2026-06-04
8500 Red Bottle Brush Rd
Tessera/Lk Travis Ph 4A
$499,950 $178 5 bd / 4 ba 2,814 sqft , 2026-06-04
8515 Pine Muhly Dr
Lakeside at Tessera
$499,950 $178 5 bd / 4 ba 2,814 sqft , 2026-06-04
8516 Red Bottle Brush Rd
Tessera/Lk Travis Ph 4A
$499,950 $178 5 bd / 4 ba 2,814 sqft , 2026-06-04

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
$2,352/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
$97,990
20% conventional investment loan

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

Estimated Gross Rent+$2,352
Principal + Interest−$2,674
Property Tax (~2.1% TX avg)−$857
Insurance (~0.5%)−$204
Est. Monthly Cash Flow $-1,383

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 17, 2026.

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