Property Description
The Villas at Canyon Highland – A Rare Shovel-Ready Development Opportunity
The Villas at Canyon Highland presents a premier residential development opportunity in the highly desirable Lake Travis market. This unique collection of multifamily lots is ideally suited for an attached townhome community of 22+ units, offering a product type and price point that is increasingly difficult to find.
Situated between Highland Lakes Golf Course and a scenic canyon with Lake Travis views, the property combines natural beauty, privacy, and convenience. The site features rolling terrain, an improved dead-end road, and existing underground utilities, including water, wastewater, and electricity—significantly reducing development costs and accelerating timelines.
Surrounded by high-end custom homes, the project is fully shovel-ready, allowing developers to move quickly from acquisition to construction. An additional advantage is the adjacent single-family residence, available for purchase or lease, which could serve as a construction office, sales center, or model home.
Lago Vista continues to attract a diverse buyer pool, including young families, downsizers, second-home owners, and those seeking low-maintenance living near Lake Travis. With entitled lots, infrastructure already in place, and strong market demand, The Villas at Canyon Highland offers a rare cost-per-unit opportunity in one of Central Texas’ fastest-growing communities.
For developers, investors, and builders seeking a ready-to-execute project with strong market appeal and accelerated delivery potential, The Villas at Canyon Highland stands apart from the competition.
The Villas at Canyon Highland presents a premier residential development opportunity in the highly desirable Lake Travis market. This unique collection of multifamily lots is ideally suited for an attached townhome community of 22+ units, offering a product type and price point that is increasingly difficult to find.
Situated between Highland Lakes Golf Course and a scenic canyon with Lake Travis views, the property combines natural beauty, privacy, and convenience. The site features rolling terrain, an improved dead-end road, and existing underground utilities, including water, wastewater, and electricity—significantly reducing development costs and accelerating timelines.
Surrounded by high-end custom homes, the project is fully shovel-ready, allowing developers to move quickly from acquisition to construction. An additional advantage is the adjacent single-family residence, available for purchase or lease, which could serve as a construction office, sales center, or model home.
Lago Vista continues to attract a diverse buyer pool, including young families, downsizers, second-home owners, and those seeking low-maintenance living near Lake Travis. With entitled lots, infrastructure already in place, and strong market demand, The Villas at Canyon Highland offers a rare cost-per-unit opportunity in one of Central Texas’ fastest-growing communities.
For developers, investors, and builders seeking a ready-to-execute project with strong market appeal and accelerated delivery potential, The Villas at Canyon Highland stands apart from the competition.
Essential Information
- MLS Number
- 5133751
- Status
- Active
- Days on Market
- 138
- Courtesy of
- Compass RE Texas, LLC (512) 575-3644
Community & Amenities
- Subdivision
- Highland Lake Estates
- City
- Lago Vista
- County
- Travis
- Waterfront
- No
- Community Features
- None
Exterior & Lot
- Lot Features
- None
- Other Structures
- None
School Information
- Elementary School
- Lago Vista
- Elementary District
- Lago Vista ISD
- Middle School
- Lago Vista
- Middle District
- Lago Vista ISD
- High School
- Lago Vista
- High District
- Lago Vista ISD
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Estimated Mortgage
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Estimated principal & interest
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