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5803 Circulo dr - 1.8 Acres | R-4 Zoned | Lake Travis Views 1.88 Acres of Commercial Land Offered at $499,999 in Lago Vista, TX 78645
INVESTMENT HIGHLIGHTS
- Zoned R-4 for a multi-family residential district
- Adjacent to an existing condominium development
- Seller has conceptual plans
- Comes with all utilities in place
- Views of Lake Travis
EXECUTIVE SUMMARY
Landscape
The lot features gentle topography, making it ideal for development while still allowing for picturesque Lake Travis views. The natural surroundings include mature trees and open buildable space, creating a scenic setting for future residential projects.
Improvements
All utilities are already in place, significantly reducing development costs. The property is zoned R-4, allowing for a variety of multi-family residential options up to 35 ft./ 3 stories. Being adjacent to an existing condominium development ensures strong market demand and a seamless fit for new construction.
Additional Highlights
Lago Vista is highly desirable for its lake lifestyle, golf courses, and scenic beauty, making it an attractive location for both developers and future residents. The area's continued growth and rising demand for multi-family housing make this lot a prime investment opportunity.
(Buyers agent must be identified on the first contact and must accompany buyer prospect on all showings to be allowed full participation. If this condition is not met, fee participation will be at the sole discretion of TX Real Estate, Broker). The information contained herein is understood to be accurate and reliable, but it is not guaranteed. Please verify all information before using the information contained herein for decision-making purposes.
PROPERTY FACTS
| Price | $499,999 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.88 AC |
| Property Type | Land | ||
| Zoning | R-4 - Multi-family development | ||
| Price | $499,999 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.88 AC |
| Zoning | R-4 - Multi-family development |
1 LOT AVAILABLE
Lot
| Price | $499,999 | Lot Size | 1.88 AC |
| Price Per AC | $265,956.91 |
| Price | $499,999 |
| Price Per AC | $265,956.91 |
| Lot Size | 1.88 AC |
This nearly 2-acre lot in Lago Vista, TX, offers stunning views of Lake Travis and is zoned R-4 for multi-family residential development. W
DESCRIPTION
Location Conveniently located just 35 minutes from downtown Austin, the property provides easy commuter access while maintaining a peaceful, suburban atmosphere. It is only 1.2 miles from Lago Vista High School and Elementary School, making it an excellent location for families. The area is also known for its proximity to Lake Travis, offering premier outdoor recreation, boating, and fishing opportunities. Nearby shopping, dining, and entertainment further enhance the appeal of this rapidly growing community. Summary With strong investment potential, this property is perfectly suited for the development of residential communities, condominiums, or townhomes. Its ideal location, existing infrastructure, and breathtaking Lake Travis views make it a standout opportunity in the Austin metro area.
PROPERTY TAXES
| Parcel Number | 178061 | Improvements Assessment | $0 |
| Land Assessment | $89,362 | Total Assessment | $89,362 |
PROPERTY TAXES
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5803 Circulo dr - 1.8 Acres | R-4 Zoned | Lake Travis Views
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