Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Lago Vista Title is generated by Realmo AI

    20204 Lewis Cove, Lago Vista, TX 78645

    View on Map
    Claim this Listing
    For Sale
    $60,000

    LAND - Lago Vista, TX

    Lot size:
    0.22 Acres
    Added:
    Mar 1, 2025
    Days on Market:
    458
    Last Refresh:
    Jun 2 at 3:06 pm

    Property Features for 20204 Lewis Cove

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    458290
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Description
    LOT 2110 HIGHLAND LAKE ESTATES SEC 2

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Bruce Jones
    Bruce Jones

    Listing agent Bruce Jones License #0529680

    Listing office Lake Homes Realty, LLC 121 Chaparral Drive, Pelham, TX

    Listing date Mar 1, 2025

    MLS# 172156 Listing URL

    Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • .2147 acre lot in Lago Vista near Lake Travis and the Colorado River.
    • Access to Lago Vista Golf Course and The Bunker Bar & Grill.
    • Wide range of amenities including boating, fishing, hiking, golf, and tennis.
    • Situated outside of any flood zones.
    • Utilities available: phone, public water, and public sewer.
    • Prime location in the Texas Hill Country with spectacular sunset views.

    Overview

    This .2147 acre residential lot is located in Lago Vista, Texas, offering an opportunity to build a home in a peaceful community. The property is situated just off Lake Travis and the Colorado River, near the Lago Vista Golf Course and The Bunker Bar & Grill. The location provides access to amenities including boating, fishing, hiking, golf, and tennis. Located outside of any flood zones, the lot offers ample space to create a private retreat and enjoy Hill Country and lake living. The property provides a front-row seat for sunsets in the Texas Hill Country.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Garden Center Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lago Vista
    County
    Travis
    State
    Texas
    Longitude
    -97.99141262
    Latitude
    30.4364085

    Nearby Similar for Sale

    • $1,750,000
      14,610 SF

      Lago Vista Travis Plaza

      Spacious commercial office park in a thriving business district.
      20811 Dawn Dr Lago Vis # TX 78645, Lago Vista, TX 78645
      View Details
    • $120,000

      Lago Vista Build-Ready Land

      Over 1/2 acre lot with utilities in place near Lake Travis.
      21402 Broken Bow Cove lot: 2007, Lago Vista, TX 78645
      View Details
    • $17,900

      Lago Vista Land For Sale

      Residential land in Lago Vista with POA amenities.
      20702 Oak Ridge lot: 363, Lago Vista, TX 78645
      View Details
    • $20,000

      Lago Vista Land For Sale

      Quiet 0.55 acre lot in Lago Vista cul-de-sac.
      6802 Cedar Ridge Cir, Lago Vista, TX 78645
      View Details
    • $52,000

      Lago Vista Land for Sale

      0.22-acre lot in Bar-K Ranches with Hill Country views.
      8614 Bar K Ranch Road, Lago Vista, TX 78645
      View Details
    • $349,000

      Commercial Land Near Elementary School

      Commercial land for sale near an elementary school.
      20205-20207 Dawn Dr, Lago Vista, TX 78645
      View Details
    • $75,000

      Lago Vista Land Opportunity

      Build your dream home near Lake Travis!
      1309 Emerald lot: 28, Lago Vista, TX 78645
      View Details
    • $149,500

      Commercial Land on Lohmans Ford

      Commercial property on main thoroughfare, Lago Vista. Water and sewer.
      6408 Lohmans Ford Rd, Lago Vista, TX 78645
      View Details
    • $50,000

      Lago Vista Corner Lot

      Corner lot ready for building near Lake Travis.
      21524 Santa Elena Circle lot: 26161, Lago Vista, TX 78645
      View Details
    • $110,000

      Waterfront Boat Dock on Lake

      Private waterfront boat dock with lift on Lake Travis.
      20990 Waterside Dr J3, Lago Vista, TX 78645
      View Details
    • $57,000

      Wooded Lot in Golf Community

      Wooded lot in golf community with amenities and lake access.
      301 Augusta Cv, Lago Vista, TX 78645
      View Details
    • $45,900

      Residential Lot Near Lake Travis

      Residential lot in Lago Vista near Colorado River and Lake Travis.
      3003 Patriot Drive lot: 28011, Lago Vista, TX 78645
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot near Lake Travis and Colorado River.
    Where is this residential land & home lot located?
    The property is located at 20204 Lewis Cove Lago Vista, TX.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: .2147 acre lot in Lago Vista near Lake Travis and the Colorado River.; Access to Lago Vista Golf Course and The Bunker Bar & Grill.; Wide range of amenities including boating, fishing, hiking, golf, and tennis.
    (832) 283-3233
    We can help!
    Listing Contact
    Bruce Jones
    Bruce Jones
    Real Estate License ID: 0529680
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    20204 Lewis Cove, Lago Vista, TX 78645
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!