ActiveResidential · sale

21004 Highland Lake Dr

Lago Vista, TX 78645

$735,000

  • 4 beds
  • 4 baths
  • 2,997 sq ft
  • 0.24 acres
  • Built 2026

Listed by Magnolia Realty Round Rock · MLS #ACT1630018

Listing status & updates
MLS last changed
Not supplied by this listing source
Availability last checked
No per-listing check is recorded

Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

Interested in this property?

Team ERA is here to help. Tell us what you’re looking for, and we’ll connect you with a local ERA professional.

Contact the property team

PROPERTY QUESTIONS & SHOWINGS

Ask about this property.

21004 Highland Lake Dr, Lago Vista, TX 78645 · MLS #ACT1630018

Your preferred tour

Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

Property inquiries go to help@erabrokers.com.

A FEW THINGS TO NOTICE

What stands out.

Living spaces

Sliding glass doors connect the kitchen and dining area to a covered patio, while the living room opens to an elevated balcony.

Details worth a look

The main-level primary suite offers its own private balcony, a spacious walk-in closet, & an ensuite bathroom featuring a freestanding soaking tub, glass-enclosed shower, warm wood-look tile, & matte-black fixtures.

Year built

Built in 2026.

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

THE PROPERTY

Get to know the property.

Open House scheduled for Sunday, 11/15 from 1pm to 3pm. Striking contemporary architecture meets peaceful Hill Country living in Lago Vista's Highland Lake Estates. This 4-bedroom, 3.5-bath home offers lake views, wooded privacy, and expansive outdoor living near Lake Travis. Crisp white exteriors, bold black-framed windows, and multiple balconies create distinctive curb appeal surrounded by mature trees.

Inside, warm LVP flooring, recessed lighting, & generous windows complement the open-concept living and dining areas. The kitchen makes a statement w/ dramatic gray-&-white high level granite countertops & backsplash, white shaker-style cabinetry, matte-black hardware, stainless steel appliances, and an oversized island with seating and storage. Sliding glass doors connect the kitchen and dining area to a covered patio, while the living room opens to an elevated balcony.

The main-level primary suite offers its own private balcony, a spacious walk-in closet, & an ensuite bathroom featuring a freestanding soaking tub, glass-enclosed shower, warm wood-look tile, & matte-black fixtures. A convenient powder bath & dedicated laundry room complete the main level.

Upstairs, 3 additional bedrooms, 2 full bathrooms, & a 2nd family room provide comfortable accommodations and flexible living space. One bedroom features a private ensuite bathroom, while the remaining two share a full bathroom. Two bedrooms open onto a shared balcony, while the family room connects to a separate covered balcony overlooking the treetops.

An attached two-car garage and backyard entertaining area add everyday functionality. Highland Lake Estates offers access to Lake Travis waterfront parks, boat ramps, marinas, swimming, fitness centers, and recreational courts.

This home is also being operated as a short-term rental, so it also offers flexibility for a primary residence, Lake Travis vacation retreat, or potential investment property, subject to applicable regulations and approval.

THE NEIGHBORHOOD

Explore the location.

21004 Highland Lake Dr, Lago Vista, TX 78645

Loading property map…

Map position comes from the listing source. Open directions in Google Maps

LOCAL MARKET CONTEXT

Travis County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$504,746Down 1.6% vs. the previous 12 months
Months of supply5.712-month average
Days on market8312-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2026
Full baths
3
Half baths
1
Garage spaces
2
Cooling
Ceiling Fan(s), Central Air
Heating
Central
Appliances
Dishwasher, Disposal, Electric Range, Microwave, Stainless Steel Appliance(s), Electric Water Heater
Flooring
No Carpet, Tile, Vinyl
Fencing
Wrought Iron
Accessibility
None
Pool features
None
Subdivision
Highland Lake Estates
Parcel
01628802090000
HOA
LVPOA
HOA amenities
Common Area Maintenance
HOA fee frequency
Annually
Elementary school
Lago Vista
Middle school
Lago Vista
High school
Lago Vista
Annual property tax
$8,191.57
HOA fee
$240.00

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

Investor outlook Rental potential, ownership costs and property management

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$1,521.91
Estimated monthly rent$3,062.50
Cap rate2.73%

Annual operating income: $20,100.43

HOA: Includes $20.00 per month in HOA dues, converted from the $240.00 annual fee reported by the listing source.

Have ERA review this rental estimate

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

Adjust assumptions
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 & interest—Loan 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

A team for what comes next.

Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.

  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.

More in Lago Vista.

Listing information

MLS #ACT1630018 · Austin Board of Realtors

Listing brokerage: Magnolia Realty Round Rock
Listing agent: Lauren Schauer

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.