June 12, 2018
Waterford Lago Vista LLC acquired 123 acres on Lake Travis, just outside of Austin, TX. In addition to an 80-slip marina, the investor now controls the four phases of development of the Waterford at Lake Travis.
The north shore Hill Country site includes 49 ready-to-go lots for single-family home development, as well as larger vacant land tracts. The 5,000-population Lago Vista lakeside resort community was planned with homes, condominiums, golf courses, and the marina along more than 15 miles of Lake Travis shoreline.
The buyer was represented by NB Elite Realty’s Tate Chiles. The unnamed seller was represented by Younger Partners’ John St. Clair, Robert Grunnah and Michael Ytem.
“The buyer recognized the untapped potential of this beautiful Lake Travis community,” Chiles says. “The new ownership believes it is the right time and the right location in the path of growth of Central Texas.”
For comments, questions or concerns, please contact Dennis Kaiser