$195,000

5802 Circulo Dr 4D, Lago Vista, TX 78645

2 beds3 baths 1,526 sqft Built 1971New today

Why Koti picked this home

Renovated three-level condo with recessed lighting and flexible living space, nestled in Lago Vista for $195,000.

About this home

Welcome to this beautifully renovated three-level condo in The Overlooks of Lago Vista, where flexible living meets laid-back Hill Country charm. With two separate living units under one taxing entity, this unique property offers endless possibilities for homeowners, investors, or anyone dreaming of a home that can help pay for itself. The lower-level studio has a private entrance, living area, divider-defined sleeping space, full kitchen with bar seating, and full bathroom. It is currently rented month-to-month for $1,050. Renter can be out in 30 days, OR you can extend the lease term. The upper residence offers two bedrooms, two full bathrooms, spacious living and dining areas, and a full kitchen. Standout features include a suspended fireplace, renovated kitchen, dual closets in the primary bedroom, and updated bathrooms. Full of character and natural light, this inviting space feels equally suited for quiet mornings at home or evenings spent entertaining. The third-story open terrace is finished with artificial turf and deck tiles, creating a private escape above it all. Sip your morning coffee, unwind with a glass of wine, or take in the beautiful Hill Country and Lago Vista views as the sun goes down. For a cash buyer, the existing $1,050 monthly studio rent could potentially cover the property’s monthly overhead, allowing the owner to live upstairs without a mortgage payment. The upper unit may also have rental potential of approximately $1,400–$1,600 per month, creating an opportunity for considerable income when both units are rented. The community HOA is $341 a month PLUS WATER, SEWER AND TRASH - approximately $425–$475 per month with normal usage. This HOA is separate from the Lago Vista Property Owners Association. Buyers may check with LVPOA regarding the availability of a public park and recreation pass.

Features

Breakfast Bar

Recessed Lighting

Wired for Data

None

Details

Property type

MLS & IDX compliance

IDX data provided by Unlock MLS, distributed via MLS GRID.

Listing courtesy of Nissa Lesage, JPAR Round Rock.

IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of Sep 19, 2026, 9:01 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Equal Housing Opportunity