Mixed-Use Land for Sale in Lago Vista, Texas
5803 Circulo Dr, Lago Vista, TX 78645
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. With all utilities in place and adjacent to an established condominium community, this property presents an incredible opportunity for investors and developers looking to build in one of the fastest-growing areas near Austin.
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.
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.
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.
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.
Location
- Street address
- 5803 Circulo Dr
- County
- Travis County
Property details
- Acreage
- 1.88 acres
- Zoning
- R-4
- Showing
- Appointment only
- Posted
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 13, 2025 | Relisted | $599,999 | — | Listing agent |
| Oct 13, 2025 | Closed | $599,999 | — | Listing agent |
| Aug 12, 2025 | Price drop | $599,999 | $150,000 -20% | Listing agent |
| July 24, 2025 | Price drop | $749,999 | $450,001 -37.5% | Listing agent |
| Mar 13, 2025 | New listing | $1,200,000 | — | Listing agent |
