$199,000
$50K PRICE DROP

505 Demarett Dr Unit 12 Lago Vista, TX 78645

Estimated payment $1,528/month

Total Views 7,390
2 Beds
2 Baths
1,398 Sq Ft
$142 Price per Sq Ft

Highlights

  • Golf Course Community
  • Fitness Center
  • Community Lake
  • Lago Vista Elementary School Rated A-
  • Lake View
  • Deck

About This Home

Fabulous Vacation Rental/Short Term Rental opportunity in the quaint lakeside community of Point Venture! Point Venture residents enjoy access to 5-star amenities including Point Venture golf club with pro shop, 50-acre waterfront park with lake access, Capt Pete's Floating Restaurant, playground, fitness center, clubhouse, disc golf, boat ramps, basketball and tennis courts. This charming 2 bedroom/2 bath townhome features sky high vaulted ceilings, floor to ceiling windows, a wood burning fireplace, fresh interior paint including kitchen & bathroom cabinets, new luxury vinyl tile (January 2023), granite counters and multiple decks to unwind. Private primary suite with its own balcony with views of Lake Travis, provides the perfect spot to kick back and relax. Ideal retreat for year round living or vacation hopping. Don't miss this unique opportunity to make this your very own private paradise! Also listed for lease for $1,650.

Last Listed By

Ashley Darnell

Kuper Sotheby's Int'l Realty Brokerage Phone: (512) 657-3343 License #0560539 Listed on: 10/16/2024

Kuper Sotheby's Int'l Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,414

Year Built

  • Built in 1972

Lot Details

  • 1,799 Sq Ft Lot
  • West Facing Home
  • Open Lot
  • Many Trees

HOA Fees

  • $215 Monthly HOA Fees

Property Views

  • Lake
  • Golf Course
  • Hills

Home Design

  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,398 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • See Through Fireplace
  • Blinds
  • Display Windows
  • Living Room with Fireplace

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Free-Standing Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

Parking

  • 2 Parking Spaces
  • Parking Lot
  • Outside Parking

Outdoor Features

  • Balcony
  • Deck
  • Covered patio or porch

Schools

  • Lago Vista Elementary And Middle School
  • Lago Vista High School

Utilities

  • Central Heating and Cooling System
  • Municipal Utilities District Water
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 01478309120000

Community Details

Overview

  • Association fees include common area maintenance, trash
  • Pont Venture Poa
  • Point Venture Sec 02 B Subdivision
  • Community Lake

Amenities

  • Picnic Area
  • Common Area
  • Restaurant

Recreation

  • Golf Course Community
  • Sport Court
  • Community Playground
  • Fitness Center
  • Park
  • Trails

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,414

Year Built

Built in 1972

Lot Details

0

HOA Fees

$215 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 1972
  • Additional Parcels: No
  • Direction Faces: West
  • Directions: 183N to City of Cedar Park. Left on 1431 to City of Lago Vista, Left on LOHM.
  • Disclosures: Seller Disclosure
  • Fencing: None
  • Fireplaces: 1
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: Two
  • Living Area: 1398
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Attribution Contact: (512) 657-3343
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 6967.00
  • FEMA Flood Plain: No
  • Restrictions: Deed Restrictions
  • Tax Exemptions: None
  • Unit Style: See Remarks
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Beamed Ceilings, High Ceilings, Granite Counters, Interior Steps, Walk-In Closet(s)
  • View: Golf Course, Hill Country, Lake
  • Flooring: Laminate, Tile
  • Fireplace Features: Living Room, See Through, Wood Burning
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Microwave, Free-Standing Electric Range
  • Main Level Bedrooms: 1
  • Property Condition: Resale
  • Security Features: Smoke Detector(s)
  • Window Features: Blinds, Display Window(s)
  • ResoLivingAreaSource: PublicRecords
  • Laundry Location: Inside,Laundry Room,Main Level
  • Num Dining: 1
  • Num Living: 1
  • Num Other Level Beds: 1

Beds/Baths

  • Full Bathrooms: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony, Exterior Steps
  • Roof: Composition
  • Foundation: Pillar/Post/Pier
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch
  • Pool Features: None
  • Private Pool: No
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Outside, Parking Lot
  • Total Parking Spaces: 2

Utilities

  • Sewer: Private Sewer
  • Utilities: Electricity Available
  • Heating: Central, Electric
  • Water Source: MUD
  • Cooling: Central Air, Electric

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Trash
  • Association Fee Frequency: Monthly
  • Association Fee: 215

Association/Amenities

  • Association Name: Pont Venture POA
  • Association: Yes
  • Community Features: Common Grounds, Fitness Center, Golf, Lake, Park, Picnic Area, Playground, Restaurant, Sport Court(s)/Facility, Trail(s)

Schools

  • Elementary School: Lago Vista
  • High School: Lago Vista
  • Middle/Junior School: Lago Vista
  • Junior High Dist: Lago Vista ISD

Lot Info

  • Lot Features: Level, Open Lot, Many Trees, Trees-Small (Under 20 Ft)
  • Parcel Number: 01478309120000
  • Lot Size Acres: 0.0413
  • Lot Size Sq Ft: 1799.03
  • Subdivision Name: Point Venture Sec 02-B

Building Info

  • Construction Materials: Frame
  • New Construction: No

Tax Info

  • Tax Year: 2023
  • Tax Map Number: 189
  • Tax Filled Sqft Total: 1398
  • Tax Rate: 2.57080000000000

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $6,414 $271,010 $30,000 $241,010
2022 $5,932 $230,744 $30,000 $200,744
2021 $5,030 $184,708 $24,000 $160,708
2020 $3,554 $132,246 $24,000 $108,246
2019 $3,608 $132,246 $24,000 $108,246
2018 $3,573 $130,376 $24,000 $106,376
2017 $2,021 $76,196 $24,000 $52,196
2016 $2,189 $82,535 $24,000 $58,535
2015 $1,909 $100,500 $24,000 $76,500
2014 $1,909 $76,002 $24,000 $52,002
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 Price Changed $199,000 -4.8% $142 / Sq Ft
04/14/2025 04/14/25 Price Changed $209,000 -8.7% $149 / Sq Ft
04/08/2025 04/08/25 For Sale $229,000 0.0% $164 / Sq Ft
04/08/2025 04/08/25 Off Market -- -- --
04/08/2025 04/08/25 Price Changed $229,000 -2.5% $164 / Sq Ft
02/10/2025 02/10/25 Price Changed $234,900 0.0% $168 / Sq Ft
12/18/2024 12/18/24 Price Changed $235,000 -1.7% $168 / Sq Ft
12/14/2024 12/14/24 Price Changed $239,000 -2.4% $171 / Sq Ft
11/29/2024 11/29/24 Price Changed $245,000 -1.6% $175 / Sq Ft
10/16/2024 10/16/24 For Sale $249,000 0.0% $178 / Sq Ft
10/17/2023 10/17/23 Rented $1,625 +1.9% --
09/27/2023 09/27/23 For Rent $1,595 0.0% --
11/30/2022 11/30/22 Sold -- -- --
10/29/2022 10/29/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $250,000 +39.7% $179 / Sq Ft
08/28/2020 08/28/20 Sold -- -- --
06/26/2020 06/26/20 For Sale $179,000 -- $128 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Deed -- --
Vendors Lien -- First American Title
Warranty Deed -- Capital Title Of Texas
Trustee Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $216,000 Balloon
Previous Owner $161,100 New Conventional
Previous Owner $112,000 New Conventional
Source: Public Records

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Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 8454212

Unlock MLS (Austin Board of REALTORS®)

APN: 150975