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21603 Thomas Cv - R4 Zoned | Duplexes, Townhomes, Apartments 1.74 Acres of Residential Land Offered at $975,000 in Lago Vista, TX 78645

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INVESTMENT HIGHLIGHTS

Prime 1.74 Acre R4 Development Site
Lake Views

Includes Luxury Home

EXECUTIVE SUMMARY

Unmatched opportunity in Lago Vista: a fully cleared, flat, 1.74-acre R4-zoned development tract with full utilities, expansive Lake Travis views, and an immaculately built 2,500 sq. ft. modern home already on-site. This property checks every box for developers—utilities in place, easy access, flexible zoning, and premier topography that supports efficient construction.
Architect-prepared concept plans illustrate the potential for 5 duplex buildings (10 units) while preserving the existing home for use as a rental, owner residence, or sales office. Ideal for multifamily, duplex communities, townhomes, condos, or assisted living projects. Quiet street, exceptional views, and strong demand for quality housing in Lago Vista make this a standout site in one of the fastest-growing pockets of the North Shore. Expansion Available: Owner is also willing to sell the adjoining 1.86-acre R4 tract, creating a combined 3.6-acre development supporting up to 14 duplex buildings (28 units). A turnkey, high-value development opportunity rarely offered in this market.

PROPERTY FACTS

Price	$975,000	Property Subtype	Residential
Sale Type	Investment or Owner User	Proposed Use	Commercial Mixed Use Multifamily Apartment Units Apartment Units - Condo Apartment Units - Senior Planned Unit Development Police or Fire Station Single Family Development Single Family Residence
No. Lots	1	Total Lot Size	1.74 AC
Property Type	Land
Zoning	R4 - R-4 zoning is designated for medium-density residential development, including single-family homes, duplexes, townhomes or apartments.

Price	$975,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Commercial Mixed Use Multifamily Apartment Units Apartment Units - Condo Apartment Units - Senior Planned Unit Development Police or Fire Station Single Family Development Single Family Residence
Total Lot Size	1.74 AC
Zoning	R4 - R-4 zoning is designated for medium-density residential development, including single-family homes, duplexes, townhomes or apartments.

1 LOT AVAILABLE

Lot

Price	$975,000	Lot Size	1.74 AC
Price Per AC	$560,344.83

Price	$975,000
Price Per AC	$560,344.83
Lot Size	1.74 AC

Luxury 4BD/3BA home on 1.74 acres with Lake Travis views. Flat, cleared land with utilities and rare R4 zoning— build 5 duplex buildings (10 units) while keeping a stunning custom home. Endless potential and incredible lake views.