5918 Lago Vista WAY # D33, Lago Vista TX 78645, Lago Vista, TX 78645
About this property
One of Lago Vistaโs best income-producing opportunities! This beautifully remodeled property features two separate units: a two-bedroom, two-bath residence typically rents for $1,600 per month and a studio that typically rents for $800 per month. Both units have been thoughtfully updated and feel virtually brand-new.
Enjoy an incredible rooftop terrace with panoramic Hill Country viewsโperfect for relaxing or entertaining. With an affordable entry point and strong rental income, this property offers excellent potential to offset the mortgage while generating positive cash flow. Short term rentals are not allowed which gives your long term tenants peace and quiet.
Located in The Overlook, residents enjoy access to a private community pool, plus Lago Vista POA amenities including nine waterfront parks, four boat ramps, fitness centers, pickleball, tennis and basketball courts, and endless opportunities for lake living. A rare combination of modern updates, income potential, and resort-style amenities!
Basic Property Information
<strong>Dwelling Size - </strong> 1,444 ft2
From Public Records
<strong>Year Built - </strong> 1971
<strong>Stories - </strong> Two
<strong>Foundation - </strong> Slab
<strong>Garage - </strong> 0
Attached Carport
<strong>Roof - </strong> Rolled/Hot Mop
<strong>Lot Size Acres - </strong> 0.0206
<strong>Waterfront Features - </strong> None
Bedrooms - 0
<strong>Fireplaces - </strong> 0
<strong>Pool on Property- </strong> None
School District
<strong>School District - </strong> Lago Vista ISD
<strong>Elementary - </strong> Lago Vista
<strong>Middle - </strong> Lago Vista
<strong>Senior High - </strong> Lago Vista
Home Owners Association
<strong>Home Owners Association - </strong> Overlook Villa North
<strong>Fee - $</strong> 359
<strong>Frequency - </strong> Monthly
<strong>Includes - </strong> Common Area Maintenance, Insurance, Trash, Water
Amenities and Features
Other Features
Built-In Electric Range
Dishwasher
Electrical Utility Available
French Doors
Garage Attached
High Ceilings
High Speed Internet
Home Owners Association
Kitchen Island
Microwave
Multiple Living Areas
Open Floorplan
Primary Bedroom on Main
See Remarks
Utilities
Heating: Heat Pump Cooling: Central Air Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Sewer: Public Sewer Water: Public
Additional Details
<strong>Faces - </strong> NW
<strong>Flooring - </strong> Vinyl
<strong>View - </strong> Hill Country, Lake
<strong>Lot Features - </strong> Back to Park/Greenbelt
<strong>Accessibility Features - </strong> See Remarks
<strong>Community Features - </strong> Airport/Runway, BBQ Pit/Grill, Dog Park, Fishing, Fitness Center, Golf, High Speed Internet, Lake, Library, Park, Pet Amenities, Picnic Area, Planned Social Activities, Playground, Pool, Sport Court(s)/Facility, Tennis Court(s)
Walk Score
Based on information from the Austin Board of REALTORSยฎย for the period 09/14/2026 through 09/14/2026. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORSยฎ, ACTRIS and their affiliates provide the MLS and all content therein โAS ISโ and without any warranty, express or implied.