Modern Waterfront Luxury on Lake Travis | Lago Vista TX Real Estate Investment Opportunity

Modern Waterfront Luxury on Lake Travis: 1101 Ivean Pearson Rd #E203, Lago Vista, Texas

$469,000 | 2BD / 2.5BA | Waterfront Condo | Lago Vista, Texas

Experience Modern Lakeside Living at The Waterfall on Lake Travis

Nestled in the heart of Texas Hill Country, Lago Vista is quickly becoming one of the most desirable destinations for waterfront real estate and investment properties near Austin. Located just 40 minutes from downtown Austin, this lakefront community offers the perfect balance of tranquility, natural beauty, and modern convenience — and 1101 Ivean Pearson Rd #E203 exemplifies everything buyers love about the Lake Travis lifestyle.

This never-lived-in two-story condo at The Waterfall on Lake Travis blends contemporary design, panoramic lake views, and resort-style amenities into one incredible opportunity — whether you’re searching for a vacation home, short-term rental investment, or luxury primary residence.

A Rare Opportunity for Investors and Lifestyle Buyers

Set within a gated, boutique condominium community, this residence was built to maximize the stunning backdrop of Lake Travis. The floor-to-ceiling windows flood the space with natural light while capturing sweeping views of the lake’s main body and quiet coves.

Inside, you’ll find:

• 2 bedrooms / 2.5 baths

• Dramatic lake views from both levels

• Upgraded finishes including wood flooring, granite countertops, and stainless steel appliances

• Open-concept design ideal for entertaining

• Private waterfront access and community boat slips

From morning coffee overlooking the lake to sunset happy hours by the infinity-edge pool, this property delivers the kind of everyday luxury that feels like a year-round vacation.

Resort-Style Amenities at The Waterfall on Lake Travis

The Waterfall community is designed for easy living and elevated comfort. Residents and guests enjoy:

• Infinity-edge pool overlooking the lake

• Outdoor kitchen and fire pit area — perfect for gatherings

• Five community boat slips

• Beautifully landscaped green spaces and walking paths

This private setting provides a peaceful escape — yet it’s just minutes from the amenities and attractions that make Lago Vista so appealing to both residents and visitors.

Why Lago Vista, Texas Is the Next Hot Spot for Real Estate Investors

Over the past few years, Lago Vista has transformed from a quiet lakeside town into a booming real estate market. Its combination of affordability, proximity to Austin, and unmatched natural beauty has made it a magnet for those seeking both lifestyle and long-term growth potential.

Here’s why investors and buyers are paying attention:

1. Waterfront property scarcity: Lake Travis lakefront lots and condos are limited — and demand continues to rise.

2. Short-term rental potential: Lago Vista’s STR-friendly zoning and growing tourism make it a strong performer for Airbnb and VRBO properties.

3. Value appreciation: As Austin’s growth pushes outward, Lago Vista real estate values have steadily increased year over year.

4. Lifestyle appeal: Boating, fishing, wineries, and Hill Country adventures attract visitors from across Texas and beyond.

Whether you’re looking to build a real estate portfolio, purchase a second home, or simply enjoy a more relaxed pace of life by the water, Lago Vista offers exceptional upside.

The Ultimate Lakefront Lifestyle

Life on Lake Travis is all about connection — to the water, to nature, and to community. Imagine weekend mornings spent paddleboarding or boating, afternoons at the pool, and evenings under the stars with friends.

From this stunning waterfront condo, you’ll enjoy direct access to the lake, convenient proximity to marinas and parks, and an easy drive to Lago Vista’s local restaurants, golf courses, and wineries.

Nearby highlights include:

• Rusty Allen Airport for private travel

• Lago Vista Golf Course and Highland Lakes Golf Course

• Flat Creek Estate Winery and The Oasis on Lake Travis

• Marble Falls and Downtown Austin, both within an hour’s drive

For those who love the outdoors and appreciate refined living, there’s no better place to call home.

Dual-Unit Investment Potential

Unique to this property, buyers have the option to purchase the downstairs 3-bedroom unit as well — creating a portfolio investment opportunity that offers both rental flexibility and long-term growth.

Imagine living in one unit and renting the other, or keeping both as luxury vacation rentals for steady income. Few waterfront communities provide this kind of potential in such a high-demand location.

See More & Explore Similar Properties

See more information about this property here: 1101 Ivean Pearson Rd, #E203, Lago Vista, TX 78645

Interested in other similar properties in the area? Take a look at options here: Lago Vista Luxury Listings

Frequently Asked Questions About Lago Vista Real Estate and Lake Travis Waterfront Condos

Q: Is Lago Vista, Texas a good place to invest in real estate?

A: Yes — Lago Vista has become one of the top areas in Central Texas for real estate investors. With its proximity to Austin, scenic Hill Country views, and strong demand for vacation rentals, Lago Vista offers both lifestyle appeal and long-term appreciation potential. Many investors purchase Lake Travis condos or waterfront homes for Airbnb and VRBO income.

Q: Can I use a Lake Travis condo as a short-term rental or Airbnb?

A: Most condominium communities in Lago Vista, including The Waterfall on Lake Travis, are STR-friendly (short-term rental friendly). Buyers should always confirm HOA and city guidelines, but many investors successfully operate vacation rentals and lakefront Airbnbs in the area due to strong tourism and limited hotel options near the lake.

Q: How far is Lago Vista from Austin, Texas?

A: Lago Vista is approximately 40 minutes northwest of downtown Austin, making it ideal for those seeking a lake lifestyle near the city. Residents enjoy easy access to Austin’s restaurants, music scene, and tech employers while living in a peaceful Hill Country waterfront community.

Q: What are the average home prices in Lago Vista, TX?

A: As of late 2025, Lago Vista home prices range widely depending on proximity to Lake Travis, property size, and views. Waterfront condos like this one at The Waterfall on Lake Travis typically start in the mid-$400,000s and up, while single-family lakefront homes can exceed $1 million. Prices have appreciated steadily as demand grows for lakefront real estate near Austin.

Q: What amenities does The Waterfall on Lake Travis offer?

A: Residents at The Waterfall on Lake Travis enjoy:

• An infinity-edge pool overlooking Lake Travis

• Outdoor kitchen and fire pit area for entertaining

• Private community boat slips

• Landscaped green spaces and walking trails

• Gated access and modern construction

These resort-style amenities make it one of the most desirable condo communities on Lake Travis.

Q: Is it possible to purchase multiple units for investment at The Waterfall on Lake Travis?

A: Yes. This particular condo at 1101 Ivean Pearson Rd #E203 offers a rare dual-unit investment opportunity — buyers can purchase both the 2BD upstairs unit and the 3BD downstairs unit. This allows flexibility to live in one and rent the other or operate both as vacation rentals for steady income.

Q: What lifestyle does Lago Vista offer?

A: Lago Vista is known for its relaxed, outdoor lifestyle. Residents enjoy boating, paddleboarding, golf, hiking, and winery tours — all surrounded by the Texas Hill Country and the clear blue waters of Lake Travis. It’s a haven for those seeking luxury living with a laid-back feel, just minutes from Austin.

Q: How can I schedule a private showing or learn more about this property?

A: To schedule a showing or explore more Lago Vista waterfront properties, contact:
📞 Byrne Real Estate Group | (512) 942-7880

🌐 Visit our website or follow us on Facebook, YouTube, and Instagram for the latest listings and Texas real estate investment opportunities.

Schedule Your Private Showing

Experience the ultimate Lake Travis lifestyle — where every day feels like a getaway.

Byrne Real Estate Group📍 Austin, Texas

📞 (512) 942-7880

Follow us on Facebook, YouTube, and Instagram

👉 Reach out today to schedule your private showing or to learn more about investment opportunities in Lago Vista.