
4 bed, 2 bath, 4,156 sqft on 4.34 acres in Lago Vista. Lago Vista, TX 78645. $1,300,000. Lago Vista ISD.
Welcome to 4205 Park Drive in Lago Vista, a rare 4.3-acre waterfront property offering the serenity, space, and natural beauty of Hill Country living with direct lake access. Priced below appraised value, this 4-bedroom, 2-full-bath, 2-half-bath home is being sold as-is and presents an incredible opportunity for a buyer with vision.
Surrounded by mature trees and sweeping water views, the property offers a peaceful retreat where you can enjoy boating, outdoor recreation, entertaining, and quiet evenings by the lake. Inside, multiple spacious living and gathering areas provide a strong foundation for creating a truly remarkable lakeside home.
Recent improvements offer a valuable head start, including approximately $20,000 in new flooring, fresh interior paint, new faucets, updated light fixtures excluding ceiling fans, new LED ballasts, a smart-key system, a Ring doorbell, and all stainless steel kitchen appliances.
A large garage and dedicated workshop or boat-storage area provide added functionality for watercraft, hobbies, and recreational equipment. With waterfront access, generous acreage, and endless potential, this property captures the relaxed lifestyle and scenic surroundings that make Lago Vista so special.
Opportunities combining acreage, spacious and direct waterfront access (258 ft) provides plenty of room for a large boat dock, and a price below appraisal are increasingly rare. Bring your vision and transform this uniquely positioned property into the Hill Country lake retreat you have been dreaming of.
Four-point-three acres of Lago Vista waterfront hits the market below Travis County appraisal - a rare alignment of acreage, water access, and value that moves fast in this market. The 4,156-square-foot home at 4205 Park Drive sits on a canvas built for the active lifestyle: direct lake access, mature trees anchoring the property, and the infrastructure to support adventure on your terms.
This is basecamp for people who live on the water. Lake Travis sits steps from your back door, meaning your kayak, paddleboard, or fishing gear lives minutes from the water instead of hours away. The lot's four-point-three acres give you buffer - real privacy, real quiet, room to breathe between you and neighbors. Heavy tree coverage provides shade for the dock areas and creates natural sight lines that water-view properties rarely deliver.
The garage setup alone signals lake living. The main four-car structure handles vehicles, but the dedicated workshop and boat storage space is what separates casual lakeside from committed water access. This isn't where you squeeze in a jet ski; it's where you maintain your gear, prep equipment, and stage for the next outing. The covered deck and rear porch extend living space right to the property edge, positioning you to watch conditions on the water and move fast when the light's right.
Inside, the layout supports the basecamp mentality. Two primary suites mean visiting family or adventure partners have real accommodation - not guest room politics. The kitchen features stainless steel appliances and quartz counters with actual workspace for meal prep before heading out. Stone and masonry construction handles the humidity and temperature swings that come with lakeside living. Recent improvements including new flooring, lighting, and fixtures give you a solid foundation without the delay of foundational work.
Lago Vista ISD serves the property, with schools bearing the town's name - Lago Vista Elementary, Middle, and High School. The area delivers that rare combination of lake-life access with established school infrastructure. Nearby, Volente Park and the Lago Vista public boat ramps sit minutes away, offering community amenities without the noise of high-traffic facilities.
This property trades speculation for opportunity. Lake frontage in Travis County doesn't sit long, especially at this acreage and entry point.
Verified property facts
4205 Park DR is listed at $1,300,000 with 4 bedrooms, 2 full, 2 half bathrooms, 4,156 square feet, 4.34-acre lot. This places it above the ZIP 78645 single-family closed-sale median price of $1,176,997 (ZIP 78645 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 30, 2026).
4205 Park DR 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.
4205 Park DR is a Residential built in 1997 featuring 4 bedrooms, 2 full, 2 half bathrooms, 4,156 square feet, 4.34-acre lot.
4205 Park DR is listed by Pure Realty. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Oct 1, 2026.
This page does not assume a mortgage rate or publish a monthly payment for 4205 Park DR. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
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Every recorded listing, sale, and lease at 4205 Park DR, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price Change with current price, original ask, and market time.

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.
20% ($260K)
Adjustable assumption - not a lending recommendation.
$1,300,000
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A sourced read on Lago Vista pricing, timing, and property scale. No automated valuation claim.
List price
$1,300,000
Price per sqft
$313/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
131 days
Original to current
$300K reduction
$1.6M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 1, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
As of Oct 1, 2026, 4205 Park DR is offered at $1,300,000. The current MLS snapshot shows 241 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.
The MLS listing marks 4205 Park DR as waterfront. The reported waterfront feature is Lake Front, Waterfront. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.
The MLS listing reports HOA or association dues of $100 annual for 4205 Park DR. 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.
Car-Dependent
N/A
N/A
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
5 events on record
Current Price
$1,300,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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