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$220,000

3404 American Dr Apt 3111, Lago Vista, TX, 78645

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths779 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$282.41 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Must-SellHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesDryer, Dishwasher, Disposal, Range, Refrigerator, Washer
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Private Entrance, Uncovered Courtyard
Lot Size6,930 sqft

Building Information

Year Built1987
Stories1
Garage Spaces1

Land Information

APN01689004460000
Lot Number3111
SubdivisionIsland On Lake Travis Condominium Amende
Land UseResidential
Legal DescriptionUNT 3111 ISLAND ON LAKE TRAVIS CONDOMINIUM AMENDED THE PLUS .373 % INT IN COM AREA
Census Tract037400
Assessed Land Value$55,443
Assessed Improvement Value$188,667
Assessment Year2025

About this property

Experience True Resort-Style Living On The Island on Lake Travis! This Stunning One Bedroom, One Bathroom Condo Offers Breathtaking, Unobstructed Lake Views Paired With A Massive Outdoor Terrace—Perfect For Entertaining Or Relaxing While Enjoying The Beauty Of Lake Travis. This Turnkey Unit Can Be Sold Fully Furnished, Making It An Incredible Opportunity For Investors Or Those Seeking A Vacation Retreat. Short-Term Rentals Are Allowed And Perform Exceptionally Well, Offering Strong Income Potential In One Of The Most Sought-After Waterfront Communities In The Area. Inside, You’ll Find A Beautifully Remodeled Kitchen Featuring Granite Countertops, Sleek Modern Cabinetry, And Updated Finishes Throughout. The Spacious Bedroom Provides Comfort And Privacy, While The Luxurious Bathroom Includes A Walk-In Shower And A Relaxing Soaking Tub—Perfect For Unwinding After A Day On The Lake. This Fully Gated Community Offers Top-Tier Amenities Including Multiple Resort-Style Pools, A Spa, Fitness Center, Marina With Direct Lake Access, And An On-Site Restaurant And Bar—Everything You Need For The Ultimate Lakefront Lifestyle. Don’t Miss Your Chance To Own A Waterfront Condo That Truly Feels Like A Vacation Every Day On Lake Travis!

Investor Tools

$0Estimated Mortgage Balance
$244,110Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,465 /month
Positive
Cash Flow Estimate:
$488 /month

Interested in this property?

Joseph Hawes

Venture Partners R.E.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$554/month
$443/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,422
$244,110
2025
$55,443
$188,667
$244,110
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,422
$244,110

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$250,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$443/mo
+$997/mo
7.1%

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.

Explore Texas Explore This Area
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 Apt 3111 | Property Details | No Agent List