Storied lakefront property draws investor to Lake Travis

LAGO VISTA – A Houston-based entity has purchased a 59-acre waterfront property that was formerly the Casa Lago Resort, on the north side of Lake Travis.

Though no price was disclosed, a marketing brochure for the property at 1900 American Dr. shows a listing price of $1.8 million.

About 41 acres of the parcel are zoned for a Planned Development District (PPD), as defined by the City of Lago Vista. The other 18 acres are unentitled but include lake frontage. A preliminary plat that was approved in 2007 has expired, but the zoning remains in place.

The PDD allows for 225 condominiums, a 200-slip dry stack marina, a 50-slip floating marina, a restaurant and bar plus other commercial uses.