Thomas Cove

Nestled in the picturesque town of Lago Vista, this inviting location offers a serene backdrop for your next investment endeavor. Situated within the thriving business community of Lago Vista, the area provides convenient access to the stunning Lake Travis and multiple golf courses, making it an appealing destination for potential townhome, condo, or apartment developers. With R4 zoning, the area presents an opportunity for medium-density residential development, allowing for the creation of modern living spaces that harmonize with the charming small-town atmosphere and leisure opportunities offered by nearby landmarks such as the Lago Vista Golf Course and the Waterford Marina.Introducing an exceptional 3.6-acre development opportunity in Lago Vista at 21630 Thomas Cove, offered at $1,495,000. This R‑4 zoned property sits on a quiet cul-de-sac and is primed for medium-density residential development, including single-family homes, duplexes, townhomes, or a boutique apartment complex. With zoning allowances supporting up to 12 buildings or 24 doors, the lot breaks down to approximately $63K per unit—making it a compelling investment in one of the fastest-growing pockets of the North Shore. The sale includes an existing home on the property, which adds instant value and can be considered a bonus asset at this price point. The current owner has strategically acquired all adjacent lots, maximizing development potential and preserving privacy and views. This turnkey-ready site comes with five water horns and water tap-ins available—major infrastructure savings for any builder or developer. From a planning standpoint, the lot supports a wide range of configurations. Builders may consider developing 12–20 detached homes, a higher-density mix of townhomes or duplexes, or even a 60+ unit apartment concept, subject to site layout, parking, and city guidelines. The land is gently sloped with clear buildable areas, offering excellent topography for construction access and utility layout. Located just minutes from Lake Travis, parks, and the growing retail and dining options in Lago Vista and Cedar Park, this tract offers both a scenic lifestyle location and strong market fundamentals. With flexible zoning, infrastructure in place, and a protected development envelope, 21630 Thomas Cove is ready to deliver substantial short- and long-term returns. For builders, investors, or developers seeking a high-upside opportunity, this is a must-see property in a rising market.