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 electricitysignificantly 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.
| MLS # | 5133751 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 69 |
| Listing Provided By | Compass RE Texas, LLC | Douglas Byron |
| Acreage | 4.00 |
|---|---|
| Water Front | Yes |
| Property View | Neighborhood |
| Lot Features | None |
|---|
| Utilities | See Remarks |
|---|---|
| Sewer | Public Sewer |
| List Aor | Austin Board Of Realtors |
|---|
| State | TX |
|---|---|
| County | Travis |
| City | Lago Vista |
| Zip Code | 78645 |
| Area | LN |
| Community Name | Highland Lake Estates |
| School District | Lago Vista ISD |
| Elementary School | Lago Vista |
| High School | Lago Vista |
| Listing VS Median (in Highland Lake Estates) | |
Price: $600,000 low | high Med: $490,000 On site: 69 low | high Med: 39 | |
| State | TX |
|---|---|
| County | Travis |
| City | Lago Vista |
| Zip Code | 78645 |
| Area | LN |
| Community Name | Highland Lake Estates |
| School District | Lago Vista ISD |
| Elementary School | Lago Vista |
| High School | Lago Vista |
| Listing VS Median (in Highland Lake Estates) | |
Price: $600,000 low | high Med: $490,000 On site: 69 low | high Med: 39 | |