Lago Vista, TX 78645 (Travis County)
About this property
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.
Property details
Location
About the Area
9063-9068 Bell Ln is located in Lago Vista, Texas, in Travis County. Travis County is home to Austin, the capital of Texas and one of the fastest-growing major cities in the United States. Beyond the urban core, Travis County still contains significant ranch and acreage properties in its western reaches, where the Hill Country meets the city and land values reflect both agricultural heritage and proximity to one of America's most dynamic economies.
The Colorado River flows through Travis County, impounded into Lake Travis and Lake Austin, key recreation anchors for the region. The Balcones Escarpment marks the transition from the limestone Hill Country in the west to the Blackland Prairie in the east. Barton Creek and its tributaries carve spring-fed swimming holes and nature preserves within the urban fabric.
Lago Vista had an estimated population of 9,341 as of 2023. The 78645 zip code has a median household income of $108,393, a median home value of $387,200, and a median age of 51.6. The average household size is 2.3 people.
Austin's economy is anchored by the University of Texas, state government, and a massive technology sector that has attracted Apple, Tesla, Oracle, Dell, and hundreds of startups. Travis County acreage properties command premium prices reflecting proximity to the Austin job market, major airports, and world-class amenities.
Demographic data sourced from the U.S. Census Bureau, American Community Survey 5-Year Estimates (2023).
Listing information © 2026 Unlock MLS (ACTRIS). All data provided AS IS. Information is deemed reliable but not guaranteed. Listing courtesy of Compass RE Texas, LLC.