20901 - 20905 Dawn Drive, Lago Vista, TX for sale

Investment Overview

Rare Multifamily Development Opportunity in Lago Vista Located right off Dawn Dr. in the heart of Lago Vista, this 1.37-acre site (totaling 59,685 SF) offers a great opportunity for a multifamily or build-to-rent project in one of the fastest-growing pockets of the North Shore. This offering includes three adjacent lots—20901, 20903, and 20905 Dawn Dr—all zoned and positioned for residential development. The site is walkable to parks, schools, retail, and just minutes from Lake Travis, making it ideal for renters or buyers looking for both convenience and lifestyle. Whether you’re building townhomes, duplexes, or a small apartment footprint, this property checks the boxes for location, scale, and long-term upside. Included Lots: • 20901 Dawn Dr – 18,645 SF (.4280 acres) • 20903 Dawn Dr – 20,595 SF (.4728 acres) • 20905 Dawn Dr – 20,445 SF (.4694 acres) Total: 59,685 SF / Approx. 1.37 Acres 20901, 20903, 20905 Dawn Dr, Lago Vista, TX 78645

Investment Highlights

• Nestled in the sought-after Lago Vista area
• Ideal for lucrative residential development
• Ample space for multifamily units
• Versatile and profitable investment opportunity
• Thriving demand for quality residential properties
• Expansive 1.37-acre land
• No zoning restrictions - ETJ zoning