1900 American Dr Lago Vista, TX 78645

This exceptional 60-acre property, situated on a private peninsula on Deep Water Lake Travis in Lago Vista, Texas (zip code 78645, address 1900 American Dr, Travis County), presents a unique investment opportunity. Currently priced at $6,500,000, this land offers significant development potential, having recently received entitlements for a substantial mixed-use project. Plans allow for up to 225 residential units, available for sale or long-term rent, totaling 250,000 square feet of residential space. An additional 50,000 square feet is approved for commercial use or neighborhood services, bringing the total approved square footage to 300,000. The property's prime location boasts a private beach and park, enhancing its appeal for a resort-style development. Furthermore, entitlements include the possibility of constructing a marina with up to 50 boat slips. Detailed site plans and environmental studies are available upon request. This is a rare chance to acquire a large-scale development site on the highly desirable Lake Travis, offering a blend of residential and commercial opportunities with stunning waterfront access. The property's location at 30.4163 latitude and -98.014839 longitude ensures easy access and high visibility. This is an unparalleled opportunity for a developer seeking a prime location with significant upside potential.