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- LoopNet Team
18709 Veranda walk
Lago Vista, TX 78645
34.8+/- Acre Seniors Development Site · Land For Sale
·
34.80 AC
INVESTMENT HIGHLIGHTS
- The Site is located approximately 3 miles south of RM 1431 connecting Lago Vista to Interstate 35.
- The Site is currently zoned in a Planned Development which includes retail, 189 Single Family Lots, and 19 Estate Lots.
- The independent senior living facility shall not exceed three stories, as well as include services such as meals, activities, concierge, security etc.
- Located approximately 35 miles northwest of Downtown Austin.
- The 34.8+/- Acre Seniors Development Site is approved for 230 units consisting of a max of 130 3-story units and up to 100 single story TH style units
- The townhome style units shall have a minimum living area of 600 square feet each.
PROPERTY FACTS
DESCRIPTION
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer developers the opportunity to purchase an entitled 34.8+/- Acre Senior Living Development Site in the Lake Travis Riviera master planned community in Lago Vista, TX (the “Site”), a suburb 35 minutes northwest of Downtown Austin. This offering is approved for 230 senior living developable units consisting of 130 three story units and up to 100 single story townhome style units. The master planned community will also include retail and 208 single family lots. Lake Travis Riviera is located along Lake Travis and 3 miles south of RM 1431 which connects the City of Lago Vista to Interstate 35.
