5 Acres in Austin, TX - $5,200,000

Lake Travis Waterfront with Marina Business and Development Potential

Commanders Point Marina on Lake Travis is one of the oldest marinas on the lake. It is situated in a very deep water cove right off the main basin with excellent access off RR 620 in the Lakeway area. Well established marina business with excellent development potential. This usable 5 acres all above the floodplain lends itself to a high-end condo/townhome development. Sewer/water available that can potentially accommodate up to 30+ luxury units.

The property has mature oak trees as well as spectacular views of the lake. The property is perfectly terraced to offer lake views from all units. The property has additional income from a 1,700 square-foot office and a nearly 2,500 square-foot storage/warehouse building. The property is in the City Of Austin ETJ. The owners are willing to work with someone to acquire preliminary development approval.

More detailed package available upo...