This expansive property encompasses more than 3.1 acres! Situated within the 5-mile Extraterritorial Jurisdiction (ETJ) and boasting a multi-use designation with minimal restrictions, it opens up a world of possibilities. This parcel boasts the potential for breathtaking 180-degree vistas of Lake Travis, making it an ideal canvas for crafting a stunning custom home or exploring the possibility of creating a luxurious townhome/condo complex, or Short-Term Rentals (STR) (Please note that the owner has unapproved plans available for review, and the buyer must conduct their due diligence to verify). Plus, you'll find multiple docks nearby for convenient lake access. Prepare to be captivated by breathtaking Lake Travis views at sunset! Located just a short 15-minute drive away, you can enjoy the convenience of Lakeway's shopping, access to Lake Travis ISD schools, Oasis, and within a comfortable 30-minute commute to downtown Austin. With an exceptionally low tax rate and zoning within the acclaimed Lake Travis Independent School District, opportunities like this vast, unrestricted property are a rare find. The potential here is virtually limitless!