ActiveResidential · sale

3404 American

Lago Vista, TX 78645

$240,000

  • 1 beds
  • 1 baths
  • 625 sq ft
  • 0.13 acres
  • Built 1987

Listed by Redfin Corporation · MLS #ACT9496836

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Step onto the private balcony and take in the gorgeous view overlooking the community’s elegant fountain and the main body of Lake Travis.

Year built

Built in 1987.

Property size

0.13 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Welcome to your lakeside retreat at The Island on Lake Travis in Austin, TX! This beautiful 625-square-foot condo with a 30 ft private boat slip offers an incredible opportunity to enjoy waterfront living with stunning views and outstanding resort-style amenities.

Step onto the private balcony and take in the gorgeous view overlooking the community’s elegant fountain and the main body of Lake Travis. Inside, the unit is bright and inviting with an open layout that maximizes the space. The kitchen features granite countertops along with a refrigerator, freestanding range, and microwave. Durable vinyl and tile flooring run throughout the condo with no carpet, and the full bathroom includes a spacious walk-in shower. The unit also offers generous storage for added convenience.

The Island on Lake Travis sits on 14 beautifully maintained acres and features stunning waterfront views, charming Mediterranean-style architecture, and an impressive list of amenities. Residents and guests can enjoy two outdoor pools with lakeside hot tubs, an indoor pool and spa, fitness center, tennis courts, picnic and grilling areas, boat ramps, and peaceful courtyards that feel like a stroll through Europe. The community also includes a salon and spa with sauna access, an on-site restaurant, private gated security, and assigned covered parking.

Short-term rentals are allowed, making this an excellent investment opportunity, vacation getaway, or full-time residence. For investors looking to expand their portfolio, there is also the rare opportunity to purchase four fully furnished units along with a boat slip.

Ideally located across from Pace Bend Park and just a short drive from Lago Vista Country Club, this condo offers the perfect blend of relaxation, recreation, and investment potential on Lake Travis.

THE NEIGHBORHOOD

Explore the location.

3404 American, Lago Vista, TX 78645

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1987
Full baths
1
Half baths
0
Garage spaces
0
Cooling
Central Air
Heating
Central, Heat Pump
Appliances
Dishwasher, Disposal, Microwave, Free-Standing Range, Refrigerator
Flooring
Tile, Wood
Fencing
None
Accessibility
None
Pool features
In Ground
Subdivision
Island/Lk Travis Condo
Parcel
01689004010000
HOA
Islands on Lake Travis
HOA amenities
Common Area Maintenance
HOA fee frequency
Monthly
Elementary school
Lago Vista
Middle school
Lago Vista
High school
Lago Vista
Annual property tax
$4,727.31
HOA fee
$366.06

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$-27.67
Estimated monthly rent$1,000.00
Cap rate0.11%

Annual operating income: $267.97

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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3404 American, Lago Vista, TX 78645 · MLS #ACT9496836

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Listing information

MLS #ACT9496836 · Austin Board of Realtors

Listing brokerage: Redfin Corporation
Listing agent: Jade Young

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.