
Whether you’re looking for a premier investment opportunity or a tranquil retreat just a short commute from Austin, this is 'lock-and-leave' living at its finest. **STR rental for more than 155 days between 12/23/2025 and 7/31/2026 with active bookings adding. Escape to a lifestyle of effortless luxury in this stunning 2-bedroom, 2-bathroom condo at The Island on Lake Travis. Nestled in the rolling hills of Lago Vista, this private gated community offers unmatched resort style amenities, including sparkling indoor and outdoor pools, a spa, sauna, and an on-site restaurant. The open concept layout is bathed in natural light, featuring a cozy fireplace and a gourmet kitchen with granite countertops. The split floor plan ensures maximum privacy for guests or family, while the spacious covered patio provides the perfect vantage point for Texas sunsets over the water.
Property Type
Residential
Year Built
1987
$/Sq Ft
$252
HOA
$695.9/mo
Garage
2 spaces
Listed by Compass RE Texas, LLC
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
3404 American DR Unit #3208 is listed at $299,000 with 2 bedrooms, 2 full bathrooms, 1,188 square feet.
3404 American DR Unit #3208 is zoned for Lago Vista ISD with assigned schools: Lago Vista (6/10) (elementary), Lago Vista (6/10) (middle), Lago Vista (6/10) (high). School assignments should be verified directly with the district.
3404 American DR Unit #3208 is a Residential built in 1987 featuring 2 bedrooms, 2 full bathrooms, 1,188 square feet.
3404 American DR Unit #3208 is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
3404 American DR Unit #3208 is priced at $252 per square foot across 1,188 sqft.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Price Change with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-12.5% | — | $369,006 | — | — |
2024+5.3% | — | $421,530 | $73,551 | $316,171 |
2023+45.0% | — | $400,271 | $73,551 | $336,989 |
2022+2.2% | — | $276,069 | $73,551 | $315,730 |
2021 | — | $270,084 | $84,541 | $191,528 |

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. Ratings from GreatSchools.org.
20% ($60K)
$299,000
Luxury property intelligence
A sourced read on Island On Lake Travis Condo pricing, timing, and property scale. No automated valuation claim.
List price
$299,000
Price per sqft
$252/sqft
Vs. Island On Lake Travis Condo median
Not available
Days on market
463 days
Original to current
$7K reduction
$306K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 31, 2026.
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Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($59,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 3404 American DR Unit #3208 is around $2,100 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $299,000, 3404 American DR Unit #3208 is in the Island On Lake Travis Condo market where there are currently 257 active listings in 78645. The Keenan Group has completed 6 transactions in 78645 as part of 1,000+ career sales totaling $1B+ across Austin.
3404 American DR Unit #3208 was built in 1987 (39 years ago). Buyers should budget for potential updates to major systems.
3404 American DR Unit #3208 includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
3404 American DR Unit #3208 is part of a managed community with HOA dues of $696 monthly. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
9 events on record
Current Price
$299,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-12.5% | — | $369,006 | — | — |
2024+5.3% | — | $421,530 | $73,551 | $316,171 |
2023+45.0% | — | $400,271 | $73,551 | $336,989 |
2022+2.2% | — | $276,069 | $73,551 | $315,730 |
2021 | — | $270,084 | $84,541 | $191,528 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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