59.42 acres on the shore of Lake Travis TX
Vacant Land
for Sale
| Catylist Listing ID: |
30847966 |
| Property Subtypes: |
Hospitality, Multi-Family, Retail, Vacation/Resort
|
| Gross Land Area: |
59.43 Acres
|
| Sale Price: |
$12,500,000 |
| Unit Price: |
$210,331 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/18/2023 |
Overview / Comments
|
59.43 acres on Lake Travis, 30 mins from downtown Austin. Approved for 221 multi-family units, 9 buildings, 2-4 floors each, 5-7 units per floor all overlooking the water. Average of 1,400 SF per unit, 450 covered parking spaces, 10,000 SF of amenity buildings, recreation area, 96 boat slip marina. Private beach, on-shore restaurant, and more. Prime investment opportunity. Shovel ready development opportunity. City of Lago has approved connectivity for PDD
|
Additional Details
| Nearest MSA: |
Austin-Round Rock-Georgetown |
| County: |
Travis |
| Tax ID/APN: |
162640 |
| Zoning: |
PD |
| Property Visibility: |
Excellent |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,596 |
13,826 |
29,184 |
| Median Age: |
49.74 |
46.52 |
46.56 |
| Households: |
695 |
5,771 |
12,258 |
|
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