Active Listing  ·  111 days on market

8507 Pine Muhly Dr

Lago Vista, TX 78645
$439,950
3 Bed 2 Bath 1,846 sqft $238/sqft Built 2024 0.13 acres 2-Car Garage Pool New Construction Lakeside at Tessera on Lake Travis

*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 home where modern elegance meets functional design, inviting comfortable living in every corner. The contemporary facade, provides a striking first impression. Step inside to a welcoming entry hall, where beautiful flooring and recessed lighting extend into a versatile living space, perfect for both relaxation and entertaining. This home boasts an open-concept layout that seamlessly connects the living areas, enhanced by high ceilings and vaulted ceilings in select spaces, creating an airy and expansive atmosphere. Culinary enthusiasts will appreciate the bright, modern kitchen, complete with sleek cabinetry, a spacious island and a breakfast bar. A practical pantry with ample built-in shelving and easy-care tile flooring ensures everything is organized. The living room features a contemporary fireplace, adding warmth and ambiance to gatherings. Bedrooms offer tranquil retreats with plush carpeting, recessed lighting, and ceiling fans for comfort. The luxurious primary bathroom is a spa-like sanctuary, featuring marble-clad walls and flooring, a freestanding soaking tub, a separate glass shower, and a broad double vanity for practical elegance. Additional bathrooms also feature sleek tile surrounds and dual vanities. An inside laundry area provides convenient hookups and practical shelving. Outside, a spacious, private, fenced backyard with a deck or patio offers ample room for outdoor activities and future landscaping endeavors. A functional garage and a wide driveway provide generous parking solutions.

At $238/sqft, this home is 7% 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

8507 Pine Muhly Dr, Lago Vista, TX 78645

Property Details

Price $439,950
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,846 sqft
Lot Size 0.13 acres (5,645.38 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeside at Tessera on Lake Travis
County Travis
Zip Code 78645
$/sqft $238/sqft
Days on Market ,
HOA $936/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT232705706
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.

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 · June 4, 2026 $484,950
Previous ask $453,450
Current ask $439,950
Reduced $45,000 (-9.3%) 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
8502 Red Bottle Brush Rd
Tessera/Lk Travis Ph 4A
$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
22601 Maidengrass Ln
Tessera/Lk Travis Ph 3A2
$425,000 $189 4 bd / 3 ba 2,248 sqft , 2026-09-02
22809 Golden Daisy Ln
Tessera/Lk Travis Ph 2a
$455,000 $216 4 bd / 3 ba 2,103 sqft , 2026-09-02
8521 Pine Muhly Dr
Tessera On Lake Travis
$459,950 $228 4 bd / 2 ba 2,015 sqft , 2026-06-05

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
$2,112/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
$87,990
20% conventional investment loan

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

Estimated Gross Rent+$2,112
Principal + Interest−$2,401
Property Tax (~2.1% TX avg)−$770
Insurance (~0.5%)−$183
Est. Monthly Cash Flow $-1,242

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 →