3404 American DR # 2306, Lago Vista TX 78645

Lago Vista, TX 78645 | Island

Ed's Opinion of Value

$266,448 Ed's Estimate: $293,682 $395,000
Lowest Comp Recommended List: $309,000 to $325,000 Highest Comp
The market data from 3 similar recent sales in ISLAND points to a value of approximately $293,682. To sell within a reasonable timeframe at fair market value, the $309,000 to $325,000 range is where I'd position this. In the current ISLAND market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. With 3 similar homes currently listed in ISLAND (a buyer's market), competition is a factor to consider. In 78645, home values have fallen approximately 8.6% over the past 6 months. One of the strongest data points is 3404 American DR # 2302, Lago Vista TX 78645, adjusting to $300,000; a strong comparable. 3 comparable transactions in ISLAND support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
2 Beds
2 Baths 2 Full
1,188 Sq Ft
0.2426 Acres
1987 Built
2 Garage

About This Property

Welcome to this beautifully renovated, Designer fully furnished 2 bed/2 bath condo on the Island on Lake Travis. This Unit is a golden opportunity for investors with having already secured lease until March 2025. Unit #2306 is a rare, coveted penthouse unit with vaulted ceilings. It lives much larger than similar units. You will enjoy a multi-million dollar waterfront lifestyle for a fraction of the cost. The Island on Lake Travis is a 212-villa gated community with all the amenities you could wish for. Private marina, large indoor pool, 2 outdoor pools, Jacuzzis and saunas, tennis courts, shuffleboard courts, numerous outdoor courtyards, lakeside seating, community BBQ Pit/grill, fitness center, picnic areas, bike storage, spa, sporting goods rental shop and private lounge for events with bar on site. Close to the Lago Vista Country Club and Pace Bend Park is accessible directly across the lake via kayak, paddleboard or boat. This unit is move-in ready. It includes granite countertops, in-unit washer and dryer, expansive balconies for great summer BBQ and enjoying the Lake Travis lifestyle. This unit also includes 2 reserved parking spaces and an owners storage closet in the covered garage. (Use the gate code to access the gym, spa, pool, rental shop, but add a # at the end. ) SHORT TERM RENTALS ARE ALLOWED. This unit has been preserved and used by a private owner. Fantastic rental potential. There is an optional brand new boat slip(2021 construction) in a private owners-only marina which can be included with additional price

Features

  • 2 Primary Baths
  • Ceiling Fan(s)
  • High Ceilings
  • Eat-in Kitchen
  • No Interior Steps
  • Open Floorplan
  • Primary Bedroom on Main
  • Storage
  • Washer Hookup

Location

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Schools

School District Lago Vista ISD
Elementary Lago Vista
Middle School Lago Vista
High School Lago Vista

Property Details

Property Type Residential
Flooring Laminate
Cooling Central Air
Heating Central
Exterior Balcony, Boat Slip, Gas Grill
County Travis
MLS # 6310637

Parking

Garage 2 spaces

HOA & Community

HOA Fee $702 /Monthly
HOA Includes Cable TV, Internet, Sewer, Trash, Water

Tax Information

Annual Taxes $9,128 (2023)

Listing History

MLS# 6310637 - Updated Mar 19, 2026 108 days (112 CDOM)
Aug 15, 2025 Off Market
Jun 10, 2025 Price Change $250,000
Apr 29, 2025 Listed $265,000

Frequently Asked Questions About 3404 American DR # 2306, Lago Vista TX 78645

When was 3404 American DR # 2306, Lago Vista TX 78645 built?

3404 American DR # 2306, Lago Vista TX 78645 was built in 1987.

How much does 3404 American DR # 2306, Lago Vista TX 78645 cost?

3404 American DR # 2306, Lago Vista TX 78645 sold on August 15, 2025. Contact us for sale price details.

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