5803 Circulo Dr Lago Vista, TX 78645

This exceptional 1.88-acre commercial land parcel in Lago Vista, Texas, presents a remarkable investment opportunity. Located at 5803 Circulo Dr, in Travis County, zip code 78645, this property boasts an R-4 zoning designation, ideal for multi-family residential development. Its prime location offers unparalleled convenience, situated just 1.2 miles from Lago Vista High School and Elementary School, and within close proximity to national retailers such as CVS, Starbucks, and Brookshire's Grocery. The area demonstrates strong growth, with the Lago Vista population estimated at 10,009 as of July 2023, reflecting a 12.6% increase since 2020. This upward trend is further supported by the presence of nearby master-planned communities, such as The Hollows on Lake Travis and Lakeside at Tessera, featuring new homes priced from $400,000 to over $1.5 million. All utilities are in place, and the property is adjacent to an existing condominium development, enhancing its appeal and potential for seamless integration. This location offers easy access to Lake Travis, adding to its desirability. This exceptional parcel presents a unique chance to capitalize on the thriving Lago Vista market and its strong growth trajectory. The property's strategic location and zoning make it an attractive proposition for developers seeking to create a thriving residential community.