4600 Commanders Point Drive Austin, Texas 78734 | Lake Travis Waterfront with Development Potential

$4,500,000 4094035
1,700 5

This Lake Travis waterfront property is available for sale, with a thriving marina business and strong development potential. It is located just north of Mansfield Dam Park, in a cove just off the main basin of Lake Travis. This is one of the consistently deep coves on the lake, right off of deep water near Mansfield Dam. On 5 acres, there is currently a successful marina business located on the property, as well as a updated home that has been used for commercial business, and a 2,460 sq ft storage building that has also been rented out. The property is replete with tall, mature oak trees, making for a great setting on the water.

This could be a strong development scenario. There are currently 15 wastewater connections assigned, with 19 more available for purchase. Along with 2 water meters, there could potentially be utility connections that could accomodate up to 68 units by doubling the 34 wastewater LUEs.

For the marina, there is immediate income potential. There are currently 109 boat slips. At 150 ft. deep around the dock, this is a prime location that is right off the main basin of Lake Travis. Great access to all the main basin parks, Devil’s Cove, and the restaurants along Lake Travis. The marina has a full office on dock, with bath. There is a functional tram right off the stone home. Waterfront acreage is leased from LCRA.

The 1,700 sq ft stone home has been updated, and the upstairs has been commercially leased for a number of years with bath and mini kitchen. Downstairs there are currently showers and changing rooms for tenants of the Marina.

This is a great development and commercial opportunity on Lake Travis. Contact us for specific info on financials for the marina.

Co-listed with Rita Roby, REALTOR®

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• Located on one of Deepest Coves off of Main Basin Lake Travis • Successful Marina Business off Property
• 1,700 sq ft home on property, used for commercial • 2,460 sq ft Storage Building on property, rent income
• Strong Development Potential, with Utilities for up to 68 units • Award-winning Lake Travis ISD