4 bed, 2 bath, 4,156 sqft on 4.34 acres in Lago Vista. Lago Vista, TX 78645. $1,300,000. Lago Vista ISD.
About This Home
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.
The numbers behind this insight
- Offered at
- $1,300,000
- Listed
- May 23, 2026
- Price changes
- 2, down 18.8% from $1,600,000
- Asking price per sq ft
- $313
- Property Type
- Residential
- Year Built
- 1997
- Lot Size
- 4.34 acres
- Price / Sq Ft
- $313
- HOA
- $100/year
- Garage
- 4 spaces
- Pool
- Yes
Listing information last updated October 15, 2026.
Listed by Pure Realty
MLS# 8647391 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Two Primary Suties
- Ceiling Fan(s)
- Quartz Counters
- In-Law Floorplan
- Kitchen Island
- Primary Bedroom on Main
- Soaking Tub
- Storage
- Walk-In Closet(s)
- Dishwasher
- Microwave
- Free-Standing Electric Range
- Refrigerator
- Stainless Steel Appliance(s)
- Tile
- Wood
- Heating
- Central
- Cooling
- Ceiling Fan(s),Central Air
- Fireplaces
- 1
Exterior & Lot
- Balcony
- Rain Gutters
- Private Entrance
- Private Yard
- Masonry – All Sides
- Stone
- Back Yard
- Front Yard
- Interior Lot
- Landscaped
- Native Plants
- Trees-Heavy
- Many Trees
- Trees-Medium (20 Ft - 40 Ft)
- Views
- Chain Link
- Wood
- Slab
- Covered
- Deck
- Rear Porch
- Roof
- Composition,Shingle
- Lot Size
- 4.34 Acres
- Additional Parking
- Garage
- Garage Door Opener
- Garage Spaces
- 4
- Pool
- Yes
- Lake Front
- Waterfront
Financial
- HOA Fee
- $100 / year
- Original List Price
- $1,600,000
- Price per Sq Ft
- $313
Utilities
- Cable Available
- Electricity Connected
- Water Source
- Public
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 4205 Park DR, whoever represented it.
- ActiveListed 2026Current price: $1,300,000Original list: $1,600,000MLS 8647391
- Listed · May 23, 2026$1,600,000
- Price changed · July 17, 2026$1,490,000
- Price changed · August 29, 2026$1,300,000
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.
- Current list
- $1,300,000
- Original list
- $1,600,000
- Price movement
- $300K reduction
- Listed / DOM
- May 23, 2026 · 151 days
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Zoned Schools
Lago Vista
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.
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 2026-10-15T23:07:12.416+00:00; normalized from annual dues.
20% ($260K)
Adjustable assumption - not a lending recommendation.
$1,300,000
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Keenan Market Position
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
151 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 15, 2026.
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