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ActiveMLS #8757468

3404 American DR # 2205, Lago Vista TX 78645

Lago Vista, TX 78645 · Island On Lake Travis Condomin

Condominium for sale in Island On Lake Travis Condomin

1Bedrooms
1Bathrooms
842Square Ft
0.17Acres
1Garage
1987Year Built
Price Reduced
1 / 40
$199,000$229,000
3D tour

Overview

Property Description

Discover relaxed lakefront living at The Island on Lake Travis in Lago Vista, TX. This turnkey, 842-square-foot, 1-bedroom, 1-bathroom condominium offers an exceptional opportunity for a vacation getaway, primary residence, or income-producing investment property. Positioned directly on the main body of Lake Travis, the private balcony provides a peaceful view of the community fountain and shimmering waterfront. Inside, the bright and welcoming interior features an open-concept layout maximizing natural light and functional space. The kitchen is equipped with granite countertops, a refrigerator, freestanding range, microwave, and breakfast bar, complemented by low-maintenance tile and wood-look flooring with no carpet throughout. The updated bathroom features a spacious walk-in shower, accompanied by abundant in-unit storage, central heating, air conditioning, and convenient in-unit laundry hookups. The Island on Lake Travis sits on 14 beautifully maintained acres and is known for its charming Mediterranean-style architecture and incredible lake views. Residents and guests enjoy access to two outdoor pools with lakeside hot tubs, an indoor pool and spa, a fitness center, tennis courts, picnic and grilling areas, and private docks with boat ramps for direct water access. Additional community amenities include gated security, assigned covered parking, an on-site restaurant, and a salon and spa with sauna access. Short-term rentals are fully permitted, making this an ideal turnkey Airbnb or VRBO investment, with multi-unit purchase options potentially available for investors looking to acquire four fully furnished units together. Situated directly across from Pace Bend Park and minutes from the Lago Vista Country Club, this property balances a tranquil Hill Country retreat atmosphere with premier Austin-area recreation.

Financial Info
Price
$199,000
$ / Sqft
$236
HOA
Yes - Mandatory / $493.17 / Monthly
HOA Name
Islands on Lake Travis
HOA Includes
Common Area Maintenance
Tax Rate
2.1307%
Est. Taxes
$5,425.92
Tax Year
2025
Exemptions
None
Legal Info
Address
3404 American DR # 2205
County
Travis
City
Lago Vista
State
TX
Zip
78645
Subdivision
Island On Lake Travis Condomin
Legal Description
UNT 2205 ISLAND ON LAKE TRAVIS CONDOMINIUM AMENDED THE PLUS .4031 % INT IN COM AREA
Parcel
01689004060000
Interior Features
Floor
Tile, Wood
Num Living
1
Dining
1
Kitchen
Breakfast Bar
Appliances
Dishwasher, Disposal, Microwave, Free-Standing Range, Refrigerator
Laundry
In Unit
Master Bed
Primary Bedroom on Main
Master Main
Yes
Interior Features
Breakfast Bar, Primary Bedroom on Main, See Remarks
General Info
Beds
1 Total / 1 Main Level
Full / Half Baths
1 / 0
Prop Type
Residential
Property Type
Condominium
Stories
1
Year Built
1987 / Resale
Square Feet
842 / Public Records
Garages
1
Garage Desc
See Remarks
Foundation
Pillar/Post/Pier
Roof
Membrane
Construction
Frame, Stucco
Acres
0.17
Lot Description
Trees-Medium (20 Ft - 40 Ft)
Restrictions
See Remarks
Flood Plain
See Remarks
View
Lake, River
Water Access
Yes
Waterfront
Yes
Area
LN
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
Electricity Connected, Sewer Connected, Water Connected
Heat
Central
A C
Central Air
Exterior Features
Fence
None
Exterior Features
Balcony, None
Pool On Property
No
Area Amenities
Cluster Mailbox, Common Grounds, Fitness Center, Gated, General Aircraft Airport, Golf, Lake, Pool, Sauna, Tennis Court(s)

Price history

Days on market
−$30,000 (−13.1%)
$229,000 → $199,000
1
Price reduction
Active
Since Mar 16, 2026
Price trend
List priceMar 2026 → Sep 2026
Property history2 events
DateEventPriceChange
Sep 28, 2026Price Decrease$199,000−$30,000 (−13.1%)
Mar 16, 2026New Listing

Taxes

2026 Estimated Property Taxes

TCAD account 709487

Uses rates from the supplied 2026 TCAD package. The file does not identify adopted or proposed status.

2026 taxing entities, rates per $100, taxable values and estimated taxes
Taxing EntityRate per $100Taxable ValueEstimated Tax
CITY OF LAGO VISTA0.420000$196,418$824.96
LAGO VISTA ISD1.016900$204,206$2,076.57
TRAVIS CO ESD NO 10.100000$204,206$204.21
TRAVIS CO ESD NO 70.099967$204,206$204.14
TRAVIS COUNTY0.375845$204,206$767.50
TRAVIS COUNTY HEALTHCARE DISTRICT0.118023$204,206$241.01
Ordinary property tax estimate2.130735$4,318.39

Informational estimate, not a tax bill or taxes paid. Exemptions and tax ceilings can make taxes differ from the combined rate multiplied by one taxable value. PID assessments and other special charges are excluded; collector coverage has not been established.

Source: Travis County

General Information
Owner
2205 AMERICAN DR LLC
Legal
UNT 2205 ISLAND ON LAKE TRAVIS CONDOMINIUM AMENDED THE PLUS .4031 % INT IN COM AREA
Geo ID
prop:709487
Acreage
0.17
Exemptions
Exemption Type
None on record
Tax Summary
MLS estimated annual taxes
$5,425.92
MLS tax year
2025
Historical Tax Summary

Annual taxes billed are the Tax Imposed amounts reported in the latest available Travis Tax Office statement. Exemptions and tax ceilings may prevent combined rate × taxable value from equaling the billed amount. Other collectors or assessments may not be included.

YearAppraised ValueCombined Rate per $100Annual Taxes Billed
2025$254,6502.130735$5,393.22
2024—2.083414$5,721.73
2023—2.022647$6,097.48
2022—2.208223$6,626.82
2021—2.478179$4,799.80
2020—2.535765$4,801.76

Source: Travis County

Combined rates exclude PID placeholder rates. Historical amounts reflect the statement’s snapshot and may change after later corrections; they do not describe payment status. Appraisal values come from the legacy CAD source.

Source: Travis County

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

List price $199,000
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

Estimated monthly payment

$1,624 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $1,624

Principal & interest
$1,006
Property taxes
$452
Homeowners insurance
$166

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$159,200$1,779$10,296$157,421
2$157,421$1,899$10,176$155,522
3$155,522$2,026$10,049$153,496
4$153,496$2,161$9,914$151,335
5$151,335$2,306$9,769$149,029
6$149,029$2,461$9,614$146,568
7$146,568$2,625$9,450$143,943
8$143,943$2,801$9,274$141,141
9$141,141$2,989$9,086$138,153
10$138,153$3,189$8,886$134,964
  • Year 1$157,421
    Principal paid
    $1,779
    Interest paid
    $10,296
    Starting balance
    $159,200
  • Year 2$155,522
    Principal paid
    $1,899
    Interest paid
    $10,176
    Starting balance
    $157,421
  • Year 3$153,496
    Principal paid
    $2,026
    Interest paid
    $10,049
    Starting balance
    $155,522
  • Year 4$151,335
    Principal paid
    $2,161
    Interest paid
    $9,914
    Starting balance
    $153,496
  • Year 5$149,029
    Principal paid
    $2,306
    Interest paid
    $9,769
    Starting balance
    $151,335
  • Year 6$146,568
    Principal paid
    $2,461
    Interest paid
    $9,614
    Starting balance
    $149,029
  • Year 7$143,943
    Principal paid
    $2,625
    Interest paid
    $9,450
    Starting balance
    $146,568
  • Year 8$141,141
    Principal paid
    $2,801
    Interest paid
    $9,274
    Starting balance
    $143,943
  • Year 9$138,153
    Principal paid
    $2,989
    Interest paid
    $9,086
    Starting balance
    $141,141
  • Year 10$134,964
    Principal paid
    $3,189
    Interest paid
    $8,886
    Starting balance
    $138,153
First 10 of 30 years

Nearby

Courtesy of Redfin Corporation · (512) 710-0156

Listings courtesy of ACTRIS as distributed by MLS GRID.