
Exceptional Lake Travis Waterfront Development Opportunity – Two Adjacent R-4 Zoned Lots - Approx. 0.75 Acres. Zoned R-4 High Density Residential, the property allows for a variety of residential uses, including townhomes, duplexes, multifamily residences, or single-family construction, subject to City of Lago Vista approvals and development requirements. Build a one-of-a-kind custom estate overlooking Lake Travis, or a thoughtfully designed higher-density residential development. The property fronts a picturesque Lake Travis cove and seasonal creek with a natural waterfall, while mature Live Oak, Sycamore, and Elm trees provide a beautiful Hill Country setting on a development-ready site. Detailed boundary, topographic, elevation, and tree surveys are available. PEC Electric is across the street, available with a pedestal and meter set. Lago Vista water supply line is available for connection at the street, and public sewer is available via extension and tap in, or possible septic sewer. The lots may be purchased individually or together. Beyond the property itself, owners enjoy access to the outstanding Lago Vista Property Owners Association amenities, including waterfront parks, private boat ramps, swimming facilities, fishing access, fitness center, sports courts, and more. Hancock Park is located just down the street, while Cody Park and its public boat ramp are less than a mile away, offering easy access to Lake Travis. Buyers should independently verify all zoning, utility availability, development requirements, and intended uses with the City of Lago Vista. Property boundaries shown in marketing materials are approximate and provided for illustrative purposes only.
Property Type
Land
Lot Size
0.75 acres
HOA
$400/year
Listed by Jancovech Real Estate, LLC
Property Details
Lot Features
Waterfront
Verified property facts
2503 & 2505 Hancock Ave is zoned for Lago Vista ISD with assigned schools: Lago Vista (elementary), Lago Vista (middle), Lago Vista (high). School assignments should be verified directly with the district.
2503 & 2505 Hancock Ave is listed by Jancovech Real Estate, LLC. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 10, 2026.
The most recent annual property tax for 2503 & 2505 Hancock Ave is $2,270. 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.
This page does not assume a mortgage rate or publish a monthly payment for 2503 & 2505 Hancock Ave. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
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Every recorded listing, sale, and lease at 2503 & 2505 Hancock Ave, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.

Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($52K)
Adjustable assumption - not a lending recommendation.
$259,800
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List price
$259,800
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
42 days
Original to current
No verified reduction
$259.8K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Sep 10, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
As of Sep 10, 2026, 2503 & 2505 Hancock Ave is offered at $259,800. The current MLS snapshot shows 248 active listings in 78645. Keenan Group has completed 6 verified transactions in 78645 within its 1,000+ completed transactions and $1B+ career volume across Austin.
The MLS listing marks 2503 & 2505 Hancock Ave as waterfront. The reported waterfront feature is Creek, Dry, Seasonal, Lake Front, Lake Privileges, Waterfront. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.
The MLS listing reports HOA or association dues of $400 annual for 2503 & 2505 Hancock Ave. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
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