Lot 5 Colorado Canyon Dr, Marble Falls, TX 78654

Experience the Ultimate Hill Country Waterfront Retreat

Welcome to your private slice of paradise on Lake Travis—located in the exclusive, gated community of Dos Rios. This breathtaking 23-acre waterfront ranch offers 750 feet of shoreline, providing unmatched tranquility and endless possibilities for lakeside living.

Perched directly across from Pace Bend Park, your views are completely unobstructed by neighboring homes or boat docks—just pure, serene nature as far as the eye can see. Whether you're planning to build a legacy estate, a luxury second home, or a private family compound, you'll find multiple premier build sites nestled under majestic oak canopies.

23 Acres in Gated Community. 750 Ft of Waterfront with Private Cove. Wildlife Exemption for Low Taxes. Multiple Build Sites with Scenic Views. Abundant Wildlife – Whitetail deer and native fauna. Unspoiled Views across from Pace Bend Park. Easily Accessible – Paved Roads just West of Lago Vista.

Whether you envision morning coffee by the water, sunset strolls under ancient oaks, or simply a quiet place to recharge—this property delivers the ideal backdrop for your Hill Country dream.

Come take a private tour and imagine the possibilities.

With 22.96 acres and about 750 feet of Lake Travis shoreline, Lot 5 Colorado Canyon Dr stands out as a rare large-format waterfront tract in this part of the Hill Country. In Marble Falls, this unimproved land offering gives buyers a chance to control the view, the layout, and the long-term use from day one.

At $4.25 million, the land is priced at roughly $185,000 per acre, which helps frame the opportunity better than a traditional home metric. There is no residence on site, so there is no interior square footage, no price per square foot, and no year built to compare. That matters here because the value is tied to the shoreline, the acreage, and the number of possible build locations rather than an existing structure. For buyers asking what it is like to live at Lot 5 Colorado Canyon Dr in Marble Falls, TX 78654, the answer starts with space, privacy, and direct contact with the lake and surrounding terrain.

The setting is a major part of the appeal. This stretch of Lake Travis faces Pace Bend Park, which helps protect open views across the water instead of looking into dense dock lines or back-to-back rooftops. The tract also includes a private cove setting and mature oak cover in areas that can shape both the approach and the homesite placement. Colorado Canyon Dr gives paved access, and the location west of Lago Vista puts the property in a quieter section of Travis County than many waterfront parcels closer to the city core. Buyers looking for a primary residence, a second home, or a multigenerational compound will see immediate flexibility in how the land can be planned.

This is listed as Land - Unimproved Land, so school district and school ratings were not provided in the source material, and buyers should confirm those details based on final use and site plans. The same applies to drive times, which can vary depending on route choices around Lake Travis. What is clear is the geographic context: Lake Travis, Pace Bend Park, Lago Vista, and the road network feeding into this side of the basin all shape how the property lives day to day.

After 222 days on market, Lot 5 Colorado Canyon Dr remains compelling because tracts of this scale are hard to replace. For the right buyer, the upside is not just what exists now, but what this land can become over the next decade as waterfront inventory grows tighter and well-positioned acreage holds its value.