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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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3404 American Dr 2106 , Lago Vista, TX 78645
$235,000
Est. Payment: $1,205.28/mo
2 Bed
2 Bath
1182 Sqft
Status: active | Days on site: 154
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Jeannette Spinelli
Broker Associate & Founder

House 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.

Highlights

Listed by Kimberly Zipfel , (512) 739-4560 The Marye Company , (512) 444-7171. Austin MLS mls logo

Property Type

Condo/Townhome

Lot/Acreage
0.24

HOA Fee

692.35 Monthly

Year Built

1987

County

Travis

Area

LN

Neighborhood

Island On Lake Travis Condomin

School District

Lago Vista ISD

Listing ID

7685670

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Dishwasher, ENERGY STAR Qualified Appliances, Exhaust Fan, Electric Range, Free-Standing Range, Disposal, Microwave, Oven, Refrigerator, Self Cleaning Oven
Floor:Carpet Free,Laminate,Tile
Other:
  • Additional:Breakfast Bar, Ceiling Fan(s), Crown Molding, Elevator, French Door(s)/Atrium Door(s), Granite Counters, In-Law Floorplan, Main Level Primary, No Interior Steps, Pantry, Walk-In Closet(s)
Water:Public

Exterior Features

Lot:Sprinklers Automatic,Sprinklers In Ground,Trees Large Size,Views
Roof:Composition
Others:
  • Additional:Barbecue, Boat Slip, Rain Gutters, Tennis Court(s), Arbor, Updated/Remodeled
Sewer:Public Sewer
Parking Features:Assigned,Garage,Guest
Principal Interest
$1,205
Taxes
$550
HOA
$692

Home Price

$235,000

Loan Details

30 yrs
6.637%

Down Payment

20%
$47,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,205.28

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $1,205.28 $550.11 $692.35 $2,447.73
Yearly $14,463.32 $6,601.27 $8,308.20 $29,372.79
Total $433,899.61 $198,038.10 $249,246.00 $881,183.71

Today's Rates

30 Year

6.64%

20 Year

6.43%

15 Year

5.99%

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Market insight data is pulled from the same city as the listing being viewed (Lago Vista, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Spinelli Residential Group | KW - Austin Portfolio Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Listings courtesy of Austin MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-09-03T04:25:04.000Z

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