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 Lake Travis views and is zoned R-4 for multi-family development. With all utilities in place and adjacency to a condominium community, it's a prime opportunity for investors and developers in a growing Austin-area market.
Landscape & Improvements
Gentle topography allows for easy development while preserving lake views. The lot features mature trees and open buildable space. All utilities are in place, reducing costs. Zoned R-4, it supports various multi-family options up to 35 ft. or 3 stories, with strong demand from neighboring developments.
Location
Just 35 minutes from downtown Austin, the property offers commuter convenience with a suburban feel. It's 1.2 miles from Lago Vista schools and close to Lake Travis for premier outdoor recreation. Nearby shopping, dining, and entertainment add to the area's appeal.
Investment Potential
Lago Vista's lake lifestyle, golf courses, and scenic beauty attract both developers and future residents. With rising demand for multi-family housing, this lot is a prime opportunity for residential communities, condominiums, or townhomes.
Location
- Street address
- 5803 Circulo Dr
- County
- Travis County
- Elevation
- 915 feet
Property details
- Acreage
- 1.88 acres
- MLS #
- NTREIS 20870320
- Posted
Parcels
- 178961
Resources
Details and features
Listing
- Type
- Commercial Sale
- Subtype
- Unimproved Land
Structure
- Condition
- New Construction
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 9, 2025 | Price drop | $999,999 | $200,001 -16.7% | NTREIS |
| Mar 14, 2025 | New listing | $1,200,000 | — | NTREIS |
