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: 2/26/2024

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

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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

Contact

Photograph of Listing Agent

Stephanie L Gilezan

EXP Realty LLC KCREA Member
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