ONE OF A KIND WATERFRONT LOT ON LAKE TRAVIS!! This 59+ acre lot is located on its own peninsula ready for your private waterfront ranch, condos, hotels, apartments, etc with endless opportunities! Utilities are already located on the property & a concrete slab from a previous hotel that was removed. Approved in 2007 by the city of Lago Vista for 225 waterfront condos, 200-slip dry stack marina, on-shore restaurant/bar, spa/medical, retail & floating restaurant/bar, PLUS a 50-slip floating marina.
Property is located at the END of American Drive. Lot extends to Highland Lake Dr.
The approximate monthly Principal & Interest payment for this property would be $18,787. This payment is based on a 30-year loan at a fixed rate of 4.55 % with a down payment of $350,000. Actual lender interest rates and loan programs may vary.
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