Storied lakefront property draws investor to Lake TravisStoried lakefront property draws investor to Lake Travishttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=31712014-09-08T15:00:00Z2014-09-05T00:00:00Z

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.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/blog/real-estate/2014/09/41-acres-on-austins-lake-travis-sells-land-primed.htmlRead more at {Source}

 Search NewsTalk Texas