3404 American DR # 2106, Lago Vista TX 78645
Lago Vista, TX 78645 · Island On Lake Travis Condomin
Condominium for sale in Island On Lake Travis Condomin
Overview
Property Description
**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.
Financial Info
- Price
- $235,000
- $ / Sqft
- $199
- HOA
- Yes - Mandatory / $692.35 / Monthly
- HOA Name
- Island COA
- HOA Includes
- Cable TV, Common Area Maintenance, Electricity, Gas, Hot Water, Insurance, Internet, Landscaping, Maintenance Grounds, Security, Sewer, Trash, Water
- Tax Rate
- 2.57%
- Est. Taxes
- $6,332.82
- Tax Year
- 2025
- Exemptions
- None
Legal Info
- Address
- 3404 American DR # 2106
- County
- Travis
- City
- Lago Vista
- State
- TX
- Zip
- 78645
- Subdivision
- Island On Lake Travis Condomin
- Legal Description
- UNT 2106 ISLAND ON LAKE TRAVIS CONDOMINIUM AMENDED THE PLUS .5659 % INT IN COM AREA
- Parcel
- 01689003880000
Interior Features
- Floor
- Laminate, No Carpet, Tile
- Num Living
- 1
- Dining
- 1
- Kitchen
- Breakfast Bar, Granite Counters, Pantry
- Appliances
- Dishwasher, Disposal, Electric Range, ENERGY STAR Qualified Appliances, Exhaust Fan, Microwave, Oven, Free-Standing Range, Refrigerator, Self Cleaning Oven
- Laundry
- Laundry Room, Main Level
- Master Bed
- Primary Bedroom on Main, Walk-In Closet(s)
- Master Main
- Yes
- Fireplaces
- 1
- Fireplace Description
- Electric
- 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), Fire Alarm, Security Lights, Smoke Detector(s), ENERGY STAR Qualified Windows, Window Treatments
General Info
- Beds
- 2 Total / 2 Main Level
- Full / Half Baths
- 2 / 0
- Prop Type
- Residential
- Property Type
- Condominium
- Stories
- 1
- Year Built
- 1987 / Updated/Remodeled
- Square Feet
- 1,182 / Public Records
- Garages
- 2
- Garage Desc
- Assigned, Garage, Reserved
- Foundation
- Pillar/Post/Pier
- Roof
- Composition
- Construction
- Masonry – All Sides, Stucco
- Acres
- 0.24
- Lot Description
- Sprinkler - Automatic, Sprinkler - In-ground, Trees-Large (Over 40 Ft), Views
- Restrictions
- See Remarks
- Flood Plain
- See Remarks
- View
- Hill Country, Lake, Park/Greenbelt, River
- Water Access
- Yes
- Waterfront
- Yes
- Area
- LN
Utility Info
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected, Underground Utilities, Water Connected
- Heat
- Central, Heat Pump
- A C
- Central Air
Exterior Features
- Fence
- Fenced, Partial, Wrought Iron
- Exterior Features
- Barbecue, Boat Dock - Shared, Boat Slip, Gutters Full, Tennis Court(s), Arbor, Covered, Patio
- Pool On Property
- Yes
- Area Amenities
- Common Grounds, Courtyard, Fishing, Fitness Center, Garage Parking, Gated, Hot Tub Community, Lake, Picnic Area, Pool, Sauna, Sidewalks, Spa/Hot Tub, Sport Court(s)/Facility, Tennis Court(s)
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Jul 18, 2026 | Price Decrease | $235,000−$22,000 (−8.6%) | −$22,000 (−8.6%) |
| May 7, 2026 | Price Decrease | $257,000−$30,000 (−10.5%) | −$30,000 (−10.5%) |
| Mar 23, 2026 | New Listing | — |
Taxes
Schools
School Info
- District
- Lago Vista ISD
- Elementary
- Lago Vista
- Middle
- Lago Vista
- High
- Lago Vista
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$1,912 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $1,912
- Principal & interest
- $1,188
- Property taxes
- $528
- Homeowners insurance
- $196
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $188,000 | $2,101 | $12,158 | $185,899 | |
| 2 | $185,899 | $2,242 | $12,017 | $183,657 | |
| 3 | $183,657 | $2,392 | $11,867 | $181,264 | |
| 4 | $181,264 | $2,552 | $11,707 | $178,712 | |
| 5 | $178,712 | $2,723 | $11,536 | $175,989 | |
| 6 | $175,989 | $2,906 | $11,354 | $173,083 | |
| 7 | $173,083 | $3,100 | $11,159 | $169,983 | |
| 8 | $169,983 | $3,308 | $10,951 | $166,675 | |
| 9 | $166,675 | $3,530 | $10,730 | $163,145 | |
| 10 | $163,145 | $3,766 | $10,494 | $159,379 |
- Year 1$185,899
- Principal paid
- $2,101
- Interest paid
- $12,158
- Starting balance
- $188,000
- Year 2$183,657
- Principal paid
- $2,242
- Interest paid
- $12,017
- Starting balance
- $185,899
- Year 3$181,264
- Principal paid
- $2,392
- Interest paid
- $11,867
- Starting balance
- $183,657
- Year 4$178,712
- Principal paid
- $2,552
- Interest paid
- $11,707
- Starting balance
- $181,264
- Year 5$175,989
- Principal paid
- $2,723
- Interest paid
- $11,536
- Starting balance
- $178,712
- Year 6$173,083
- Principal paid
- $2,906
- Interest paid
- $11,354
- Starting balance
- $175,989
- Year 7$169,983
- Principal paid
- $3,100
- Interest paid
- $11,159
- Starting balance
- $173,083
- Year 8$166,675
- Principal paid
- $3,308
- Interest paid
- $10,951
- Starting balance
- $169,983
- Year 9$163,145
- Principal paid
- $3,530
- Interest paid
- $10,730
- Starting balance
- $166,675
- Year 10$159,379
- Principal paid
- $3,766
- Interest paid
- $10,494
- Starting balance
- $163,145
Nearby
Courtesy of The Marye Company · (512) 444-7171
Listings courtesy of ACTRIS as distributed by MLS GRID.