Located in a private Lake Austin enclave undergoing a remarkable transformation, this exceptional waterfront property presents a rare opportunity to secure a premier lakefront lot surrounded by multi-million-dollar new construction. Several neighboring homes have already been redeveloped, with additional properties trading quietly off-market, making opportunities like this increasingly scarce. Offered as a true diamond in the rough, the property is ideally suited for redevelopment or customization, allowing buyers to create a bespoke Lake Austin estate in an area experiencing significant appreciation. A standout feature is the existing boat dock measuring over 35 feet wide, a valuable asset on Lake Austin. Adding to the property’s long-term appeal, the opposite shoreline is designated preservation land, ensuring enduring privacy, protected views, and a tranquil setting that is increasingly difficult to replicate. An outstanding opportunity for buyers seeking a prime Lake Austin homesite with immediate water access, long-term upside, and the rare combination of privacy, natural beauty, and location.
Vacant landProperty Type
0.75 acresLot Size
$3,993,333Price/Acres
Listed by Kirk Lewis• Kuper Sotheby's Int'l Realty
Travis Southwest, located between Barton Creek Greenbelt and the Hill Country ridgeline, is a residential and outdoorsy Austin neighborhood with limestone hillsides and winding, tree-lined roads. The neighborhood’s character concentrates around the Mopac Expressway frontage near the Barton Creek Square area, where big-box retail, local eateries, and steady traffic set a practical, on-the-go tone. Housing leans toward 1970s–1990s ranch-style homes and townhome communities tucked into rolling terrain. Trailheads and creek corridors shape daily routines more than a traditional main street. Barton Creek Greenbelt access points and nearby preserves keep the landscape close. Barton Creek Square and the Alamo Drafthouse Cinema at Slaughter Lane serve as familiar gathering anchors.
Provided by Walk Score and Local Logic
Property details
Exterior
Exterior features
Cleared lot
Level and open terrain
Few trees
Lake Austin waterfront
Waterfront views
Home design
Has view
Construction
Approximately 0.75-acre lot
Utilities
Well water
Septic required
Sale and tax history for 305 Lago Verde Dr
Sale History
Tax History
Date
Event
Price
Unlock MLS #2472067
Dec 26, 2025
Listed
$2,995,000
Unlock MLS #1764523
Feb 8, 2024
Listed
*
Unlock MLS #4942972
Apr 29, 2023
Listed
*
Year
Property tax
Land + Additions
Assessment*
2026
$33,259
$1,477,280
2025
$33,259 (+3.1%)
$1,477,280
2024
$32,271 (+2.2%)
$1,477,280
2023
$31,562 (−7.5%)
$1,498,000
2022
$34,111 (+24.2%)
$1,498,000
2021
$27,470
$1,123,500
Public record
Beds
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Baths
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Stories
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Lot width
100 ft.
Lot depth
—
Lot size
0.75 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
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Style
Vacant Land
County
Travis County
APN
947294
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on Jun 12, 2026.
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