5304 Canyon Oaks Dr, Lago Vista, TX 78645

Magnificent 1-acre, deep water, Lake Travis WATERFRONT lot located in the gated and coveted community of Canyon Oaks in Lago Vista. Only 20 custom homes in this mostly completed community of luxury custom homes. Ideally perched above the deep water of Lake Travis, and offering a level building envelope w/ panoramic views of the lake & park land across the lake. This lot features 100 feet of waterfrontage, underground utilities, and beautiful mature trees. A wonderful opportunity for a second home, lake house, or for your year-round enjoyment. A Boat dock is allowed.

This 1.016-acre waterfront lot at 5304 Canyon Oaks Dr in Lago Vista offers 100 feet of Lake Travis frontage with deep water access, a rare configuration for building a custom lake house in the gated Lago Vista community. The lot is level with a defined building envelope, mature trees ranging 20 to 40 feet, and panoramic views across the water toward parkland on the opposite shore. Underground utilities are already in place, eliminating one of the major infrastructure hurdles for new construction in this area.

The property sits within the Lago Vista Independent School District, which serves the community with Lago Vista Elementary, Lago Vista Middle School, and Lago Vista High School. Canyon Oaks Ph 02 is an exclusive gated neighborhood with only 20 custom homes, positioned on the elevated terrain above Lake Travis's deepest sections. This elevation, combined with the lot's southern orientation, creates consistent lake views throughout the day without the flooding risks associated with lower-elevation waterfront properties.

Lago Vista is approximately 30 minutes from downtown Austin via Texas Highway 71 and Ranch Road 1431, making this a viable option for buyers seeking a primary residence with lake recreation or a weekend retreat with genuine depth for boat docking and water activities. The community's mature tree canopy provides natural privacy between homes while the gated entry maintains security and property values typical of Travis County's established waterfront subdivisions.

The lot's configuration supports traditional custom home construction with potential for a boat dock, boat lift, or swim platform given the deep water designation. The combination of lakefront access, level terrain, established utilities, and mature landscaping eliminates years of site preparation work that typically extends waterfront projects. At $989,000 for a Lake Travis waterfront lot with this infrastructure and building envelope already established, the property represents land value with immediate development potential for buyers ready to build their custom home rather than search the resale market.