3404 American DR #2106, Lago Vista TX 78645
MLS #240016177 · The Marye Company · Kimberly Zipfel
About this home
**Professionally managed STR with rental performance of $16,712 in actual gross rental revenue in 2025, and projected 2026 gross rental revenue of $23,323—representing an approximately 40% year-over-year increase! Financials available upon request** Lake Travis is FULL—and this is your opportunity to own a turnkey waterfront retreat before the season slips away. Enjoy endless days on the water with the option to purchase a 26' private boat slip for an additional $25,000, or generate income with this beautifully updated 2BR/2BA waterfront condo featuring a proven STR history. This fully furnished, lock-and-leave condo is ready for immediate enjoyment or investment. Located on the 1st floor, #2106 is a spectacular east-facing unit that offers beautiful waterfront views with comfortable afternoon shade and features fresh interior paint, updated indoor and outdoor furnishings, granite countertops, hardwood and tile flooring throughout, crown molding, and a spacious primary suite with a soaking tub and separate shower. The thoughtfully designed floor plan comfortably sleeps up to six guests, making it ideal as both a personal retreat and an income-producing property. Located in the highly desirable second phase of The Island, residents enjoy resort-style amenities including an active community center, 3 swimming pools (including an indoor lap pool, currently closed), 3 hot tubs, a dry sauna, tennis courts, a fitness center, a full-service spa, an on-site restaurant, and direct access to all that Lake Travis has to offer. Spend your days boating, surfing, swimming, and relaxing on the water with the convenience of the optional 26' boat slip, available for purchase outside of the condo sale. Both the condo and the boat slip may be rented as STRs in accordance with The Island COA regulations. Due to unique circumstances within the condo community, the seller prefers cash offers and has priced this property aggressively for a quick sale.
Property details
- Property type
- Residential · Condominium
- Status
- Active
- Year built
- 1987
- Full baths
- 2
- Lot size
- 0.2413
- Subdivision
- Island On Lake Travis Condomin
- MLS area
- LN
- MLS #
- 240016177
Features
Interior features
- Breakfast Bar
- Ceiling Fan(s)
- Granite Counters
- Crown Molding
- Elevator
- French Doors
- In-Law Floorplan
- No Interior Steps
- Pantry
- Primary Bedroom on Main
- Walk-In Closet(s)
Exterior features
- Barbecue
- Boat Dock - Shared
- Boat Slip
- Gutters Full
- Tennis Court(s)
Additional details
- Parking
- Assigned, Garage, Reserved
- Garage spaces
- 2
- Roof
- Composition
- Foundation
- Pillar/Post/Pier
- HOA
- $692 / monthly
- Annual tax
- $6,601
Location
View Street ViewLoading map…
Schools
Assigned schools per the MLS.
- School district
- Lago Vista ISD
- Elementary
- Lago Vista
- Middle
- Lago Vista
- High
- Lago Vista
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Getting around
- Downtown Austin
- 20.4 mi
- Austin-Bergstrom Airport
- 27 mi
Straight-line distance, not drive time.
Market insights
Compared with 521 active homes in ZIP 78645 · HomeLocating listings
At $235,000, this home is priced 52% below the $489,000 median across 521 active homes in ZIP 78645, including other homes in Island On Lake Travis Condomin.
Estimated monthly payment
Home price
$235,000
Down payment
20% ($47,000)
Loan details
30-yr fixed, 6.50%
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Estimate only, not a lending offer or MLS data. Taxes, insurance, and HOA figures are estimated (see ⓘ above for detail); contact a lender to confirm your exact rate and payment.
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Listing courtesy of The Marye Company · Kimberly Zipfel
Listing data last updated Oct 2, 2026, 11:46 PM
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