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Keenan Group#1 Austin Board of Realtors Team 2024

$199,000

1Beds
1Baths
842Sq Ft
0.17 acresLot

3404 American Dr Unit #2205, Lago Vista, TX 78645

Reduced 13%$229,000
Lago Vista·MLS# 8757468·Built 1987·219 days on market

1 bed, 1 bath, 842 sqft on 0.17 acres in Lago Vista. Lago Vista, TX 78645. $199,000. Lago Vista ISD.

About This Home

Discover relaxed lakefront living at The Island on Lake Travis in Austin, TX. This thoughtfully designed 842-square-foot condo offers a wonderful opportunity to enjoy scenic waterfront surroundings along with a wide range of resort-style amenities.

The private balcony provides a peaceful place to unwind while overlooking the community’s elegant fountain and the sparkling main body of Lake Travis. Inside, the bright and welcoming interior features an open layout that makes the most of the space. The kitchen includes granite countertops along with a refrigerator, freestanding range, and microwave, offering both style and functionality.

Durable vinyl and tile flooring extend throughout the entire unit, providing a clean look with no carpet. The full bathroom features a spacious walk-in shower, and the condo offers generous storage for added convenience.

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. The peaceful courtyards throughout the property create a relaxing atmosphere reminiscent of a European retreat.

Additional amenities include gated security, assigned covered parking, an on-site restaurant, and a salon and spa with sauna access. Short-term rentals are allowed, making this property an excellent option for a vacation getaway, income-producing investment, or full-time residence. Investors may also have the rare opportunity to purchase four fully furnished units together.

Located across from Pace Bend Park and just a short drive from Lago Vista Country Club, this condo offers an ideal blend of recreation, relaxation, and lakeside living on Lake Travis.

Property Type
Residential
Year Built
1987
Lot Size
0.17 acres
Price / Sq Ft
$236
HOA
$493.17/mo
Garage
1 spaces

Listing information last updated September 28, 2026.

Listed by Redfin Corporation

MLS# 8757468 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

1-car garage with additional parking capacity
Breakfast Bar
Primary Bedroom on Main
Dishwasher
Disposal
Microwave

Facts & Features

Interior

Features

  • Breakfast Bar
  • Primary Bedroom on Main

Appliances

  • Dishwasher
  • Disposal
  • Microwave
  • Free-Standing Range
  • Refrigerator

Flooring

  • Tile
  • Wood
Heating
Central
Cooling
Central Air
Exterior & Lot

Features

  • Balcony

Construction

  • Frame
  • Stucco

Lot Features

  • Trees-Medium (20 Ft - 40 Ft)

Foundation

  • Pillar
  • Post
  • Pier
Roof
Membrane
Lot Size
0.17 Acres
Garage Spaces
1

Waterfront

  • Lake Front
Financial
HOA Fee
$493 / mo
Original List Price
$229,000
Price per Sq Ft
$236
Utilities
  • Electricity Connected
  • Sewer Connected
  • Water Connected
Water Source
Public
Sewer
Public Sewer

Transaction History

1 record on file

Every recorded listing, sale, and lease at 3404 American DR Unit #2205, whoever represented it.

  1. ActiveListed 2026
    Current price: $199,000Original list: $229,000MLS 8757468
    1. Listed · March 16, 2026$229,000
    2. Price changed · September 28, 2026$199,000

Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.

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Price & Listing History

Price Change with current price, original ask, and market time.

View Timeline
Current list
$199,000
Original list
$229,000
Price movement
$30K reduction
Listed / DOM
Mar 16, 2026 · 219 days

Tax Record

Public record data from county appraisal records. Market value can differ from assessed value.

Assessed Value
$254,650
Assessment Year
2025
Year Built
1987
Parcel ID
000000709487
$303K
$191K
$191,350
2021
$195,590
+2.2% from prev
2022
$301,608
+54.2% from prev
2023
$303,054
+0.5% from prev
2024
$254,650
-16.0% from prev
2025
YearTaxesTotal AssessmentLandAdditions
2025-16.0%
—$254,650——
2024+0.5%
—$303,054$52,116$216,310
2023+54.2%
—$301,608$52,116$243,150
2022+2.2%
—$195,590$52,116$241,704
2021
—$191,350$59,904$135,686
5-Year Change33.1%

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Zoned Schools

Lago Vista ISD →

1 High School

Lago Vista

High SchoolGrades 9-12Zoned assignment

Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.

Principal & interest
$1,102
HOA dues
$493

Excluded from this estimate: property taxes and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.

HOA source: MLS Grid / Unlock MLS, as of 2026-10-17T15:07:33.644+00:00; normalized from monthly dues.

20% ($40K)

Adjustable assumption - not a lending recommendation.

$199,000

Loan: $159K
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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Keenan Market Position

A sourced read on Lago Vista pricing, timing, and property scale. No automated valuation claim.

List price

$199,000

Price per sqft

$236/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

219 days

Original to current

$30K reduction

$229K original

Active inventory context

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Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 17, 2026.

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Frequently Asked Questions

How much is 3404 American Dr Unit #2205?

3404 American Dr Unit #2205 is listed at $199,000 with 1 bedrooms, 1 full bathrooms, 842 square feet, 0.17-acre lot.

What school district is 3404 American Dr Unit #2205 in?

3404 American Dr Unit #2205 is zoned for Lago Vista ISD with assigned schools: Lago Vista (elementary), Lago Vista (middle), Lago Vista (high). School assignments should be verified directly with the district.

What are the property details for 3404 American Dr Unit #2205?

3404 American Dr Unit #2205 is a Residential built in 1987 featuring 1 bedrooms, 1 full bathrooms, 842 square feet, 0.17-acre lot.

What are the property taxes for 3404 American Dr Unit #2205?

The most recent annual property tax for 3404 American Dr Unit #2205 is $5,426. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.

How should a buyer estimate the monthly payment for 3404 American Dr Unit #2205?

This page does not assume a mortgage rate or publish a monthly payment for 3404 American Dr Unit #2205. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 3404 American Dr Unit #2205 compare with other homes in Lago Vista?

As of Oct 17, 2026, 3404 American Dr Unit #2205 is offered at $199,000. The current MLS snapshot shows 222 active listings in 78645. Keenan Group has completed 7 verified transactions in 78645 within its 1,000+ completed transactions and $1B+ career volume across Austin.

When was 3404 American Dr Unit #2205 built?

3404 American Dr Unit #2205 was built in 1987 (39 years ago). Buyers should budget for potential updates to major systems.

What is the water access at 3404 American Dr Unit #2205?

The MLS listing marks 3404 American Dr Unit #2205 as waterfront. The reported waterfront feature is Lake Front. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.

What is the community structure at 3404 American Dr Unit #2205?

The MLS listing reports HOA or association dues of $493 monthly for 3404 American Dr Unit #2205. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Lago Vista

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25+ years advising buyers and sellers in this community

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Last updated: 10/17/2026, 10:07:33 AM

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