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Days34Days on Market
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$545,000

3404 American DR 1206, Lago Vista, TX, 78645

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,762 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$309.31 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
AppliancesBuilt-In Electric Oven, Cooktop, Dishwasher, Disposal, Exhaust Fan, Microwave, Washer/Dryer
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesTennis Court(s), Balcony, Boat Slip
Lot Size15,669 sqft

Building Information

Year Built1987
Stories1
Garage Spaces2

Land Information

APN01689003350000
Lot Number1206
SubdivisionIsland On Lake Travis Condominium Amende
Land UseResidential
Legal DescriptionUNT 1206 ISLAND ON LAKE TRAVIS CONDOMINIUM AMENDED THE PLUS .8436 % INT IN COM AREA
Census Tract037400
Assessed Land Value$125,348
Assessed Improvement Value$333,271
Assessment Year2025

About this property

The sale includes a coveted 28-FOOT COVERED BOAT SLIP within the private marina, just a short walk from the condo, along with two covered parking spaces and a dedicated storage unit. SHORT TERM RENTALS ARE ALLOWED. Perched in one of the most desirable locations at The Island on Lake Travis, this beautifully updated one-level 3-bedroom, 2-bath condominium offers unobstructed panoramic views of Lake Travis and Pace Bend Park across the water. Designed for effortless lock-and-leave living, the open-concept floor plan is filled with natural light and features two fireplaces—one in the living room and another in the primary suite—creating a warm and inviting atmosphere throughout. Additional features include an in-unit fire suppression system for added peace of mind. The spacious kitchen is equipped with granite countertops, stainless steel appliances, and generous storage, while granite surfaces continue into both bathrooms for a cohesive, upscale finish. A walk-in laundry room adds everyday convenience. The covered patio captures breathtaking north-facing lake views, allowing for year-round outdoor enjoyment without the harsh western sun, while still offering spectacular sunset vistas. Set on a private 13-acre island, this gated 212-villa waterfront community delivers true resort-style living with full lake access and exceptional amenities, including three swimming pools (featuring an indoor heated lap pool), a spa, dry sauna, fitness center, tennis court, two lighted pickleball courts, and an on-site restaurant. Located just minutes from Lago Vista Golf Course and directly across the lake from Pace Bend Park, this is waterfront living at its finest.

Investor Tools

Property Icon
$573,000
Estimated Property Value
$0Estimated Mortgage Balance
$573,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,438 /month
Positive
Cash Flow Estimate:
$1,146 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$576/month
$1,125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,046
$458,619
2025
$125,348
$333,271
$458,619
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,046
$458,619

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$573,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,170/mo
$1,126/mo
+$1,044/mo
4.5%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lago Vista

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3404 American DR 1206 | Property Details | No Agent List