Lago Vista, Texas
Average Home Sizes and Asking Prices
Updated On: January 28, 2015
|Sold Price History in 78645|
Homes for Sale in Lago Vista
Lago Vista Real Estate & Homes for Sale in Texas
Lago Vista, Texas, is a serene lakeside community located in the Hill Country of Central Texas. The expansive, natural beauty of Hill Country continues to attract homebuyers who are looking for a rural lifestyle that is both calm and convenient to the city and all its major amenities. Real estate options consist of single-family detached homes, condominiums and townhouses as well as residential land lots for custom building.
Lago Vista was a planned waterfront development along the shores of Lake Travis in the mid-20th century as a resort community. Residents and visitors could spend their time camping, swimming, boating, fishing or just enjoying the scenery. Though incorporated as a city in the 1980s, Lago Vista has held on to its resort-like personality. Golf, tennis and water sports are the activities of choice for the community's 6,000 or so residents. And when a change of pace is in order, the bustling metropolitan city of Austin is only 20 miles to the south. Other nearby communities includes Briarcliff, Hudson Bend, Jonestown, and Lakeway.
The surrounding area boasts several impressive attractions as well. Notably, Lago Vista is adjacent to the Balcones Canyonlands National Wildlife Refuge, a protected area that is home to two endangered species. Also nearby is the Flat Creek Estate Winery, offering wine-tasting and guided tours of the historic site. Families with school-age children will appreciate the convenience of a locally based school system, the Lago Vista Independent School District. The district has three campuses, 80 classroom teachers and about 1,000 enrolled students.
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Real Estate Market Summary: Prices of Lago Vista Homes for Sale
Lago Vista real estate encompasses a varied assortment of properties, including ranch homes, single-family detached homes in gated or retirement communities, condominiums/townhouses, investment properties, and undeveloped residential land. Prices for detached, single-family homes range from about $110,000 to $4.5 million with many homes priced below $300,000.
The scenic, panoramic views of Lake Travis and the surrounding green expanse of Texas Hill Country are the prominent features of the area. Other attractive features include new construction, acreage, water frontage and golf course frontage. A popular home choice is a large and modern, three-bedroom, water-view home in the Lodge Acres subdivision; these are priced in the $600,000 range. The condo/townhouse market in Lago Vista is also reasonably established. Pricing for these units top out at about $620,000 while newer developments and luxury units can be found listed at just under $1.5 million.
Single-story and multi-story complexes feature a wide range of amenities, including golf and other community facilities. For those who wish to custom build, Lago Vista also has a large selection of residential land at a wide range or price points. Home sites near colleges are also available.
Lago Vista Real Estate Stats and Trends for the week of January 26th, 2015: homes priced around $272,560 compared to $339,150 the previous week, showing a decrease of less than -24%. For Wednesday, January 28th, the current national mortgage rate for a 30 year fixed mortgage is 3.85%; the 15 year fixed rate is at 2.95%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.30%, while the 15 year jumbo rate currently is at 4.02%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Lago Vista TX. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Lago Vista to help you find the best home!