Loading
Loading

Position your business for success with this unique 0.75-acre commercial lot located in the growing lake community of Lago Vista. Zoned C-1 (and potentially rezone to R4), this property offers flexibility for a variety of commercial uses including office, retail, professional services, contractor operations, studio space, restaurant, and other neighborhood business concepts. As Lago Vista/Leander continues to experience significant residential and commercial growth, opportunities to secure commercially zoned land at this price point are becoming increasingly rare. While not located in a major retail corridor, that actually becomes an advantage as the property offers strong long-term potential for owner-users, investors, and small businesses seeking affordability, visibility, and a strategic foothold in an expanding market. Recent improvements to nearby Santa Rita Drive have enhanced accessibility, connectivity, and traffic flow throughout the area. Surrounded by growing neighborhoods and development, this property is well-positioned to benefit from the area’s ongoing growth and increasing demand for local services and commercial infrastructure. The approx. 0.755-acre lot features level topography and a unique triangular configuration that allows creative site planning, parking layouts, signage opportunities, and efficient building design. Utilities including water, sewer, electricity, and phone service are available at the street, helping future development potential. Whether you are looking to establish a business location, create an income-producing investment, or secure commercial land for future development, this property offers flexibility and long-term upside in one of the Hill Country’s growing communities. There may also be future rezoning potential to R4, subject to city approval, which could create possibilities for multifamily or short-term rental development. Buyer to independently verify zoning, utilities, development requirements, and intended use.
Property Type
Commercial Sale
Lot Size
0.76 acres
Listed by Keller Williams Realty-RR
Property Details
Construction
Foundation
Parking
Verified property facts
21200 Highland Lake Dr is a Commercial Sale featuring 0 bedrooms, 0.76-acre lot.
21200 Highland Lake Dr is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 21200 Highland Lake Dr is $1,480. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($25,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 21200 Highland Lake Dr is around $772 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Highland Lake Estates Sec 26 A
Listing timeline with current price, original ask, and market time.
District context schools are shown because address-level assigned school fields are not available for this property. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($25K)
$125,000
Luxury property intelligence
A sourced read on Highland Lake Estates Sec 26 A pricing, timing, and property scale. No automated valuation claim.
List price
$125,000
Price per sqft
Not available
Vs. Highland Lake Estates Sec 26 A median
Not available
Days on market
20 days
Original to current
No verified reduction
$125K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 31, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
At $125,000, 21200 Highland Lake Dr is in the Highland Lake Estates Sec 26 A market where there are currently 253 active listings in 78645. The Keenan Group has completed 6 transactions in 78645 as part of 1,000+ career sales totaling $1B+ across Austin.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Active listings near 21200 Highland Lake Dr
Recent sales for market context