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$2,995,000
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Property Description
Located in a private Lake Austin enclave undergoing a remarkable transformation, this exceptional waterfront property presents a rare opportunity to secure a premier lakefront lot surrounded by multi-million-dollar new construction. Several neighboring homes have already been redeveloped, with additional properties trading quietly off-market, making opportunities like this increasingly scarce. Offered as a true diamond in the rough, the property is ideally suited for redevelopment or customization, allowing buyers to create a bespoke Lake Austin estate in an area experiencing significant appreciation. A standout feature is the existing boat dock measuring over 35 feet wide, a valuable asset on Lake Austin. Adding to the property's long-term appeal, the opposite shoreline is designated preservation land, ensuring enduring privacy, protected views, and a tranquil setting that is increasingly difficult to replicate. An outstanding opportunity for buyers seeking a prime Lake Austin homesite with immediate water access, long-term upside, and the rare combination of privacy, natural beauty, and location.
Full Property Details
Full Property Details for 305 Lago Verde Dr
General
- Price: $2,995,000
- Taxes: $34,111 (2023)
- Status: Active
- Type: Lots/Land
- Source: Austin_MLS
- MLS ID: 2472067
- Updated: 6/29/2026
- Added to Site: 245 day(s) ago
Additional Information
- Shared Amenities: See Remarks
Location
- Area: LS
- County: Travis
- Subdivision: Rio Vista Add
- Driving Directions: Take Route 183A N and FM 1431 W to Boggy Ford Rd in Lago Vista, Continue on Boggy Ford Rd. Drive to The Island in Lago Vista
School Information
- Elem School District: Lake Travis ISD
- Midd School District: Lake Travis ISD
- High School District: Lake Travis ISD
- Elementary School: Lakeway
- Middle School: Hudson Bend
- High School: Lake Travis
Utilities
- Sewer: Septic Needed
- Water: Well
- Well: Yes
- Utility Description: See Remarks
Structural Information
- Detached/Attached: Detached
Additional Structures
- Other Structures: None
Lot Features
- Property View: Hills, Lake, Trees/Woods, Water
- Lot Size (Acres): 0.7517
- Lot Size (Sq. Ft.): 32,744.05
- Lot Features: Cleared, Level, Open Lot, Few Trees, Views
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lake Austin
- Water Front Desc.: Waterfront
Financial Considerations
- Assessment Amount: $1,498,000
- Tax Amount: $34,111.3
- Tax Year: 2023
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Survey
- Legal Description: LOT 10 BLK 1 RIO VISTA ADDN
- Disclosures/Reports: Other
- Property ID: 1375503250000
- Block: 1
- Lot Number: 10
Listed by Kuper Sotheby's Int'l Realty
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Schools
Schools serving 305 Lago Verde Dr
School District:Lake Travis Independent School District
| Name | Grades | Distance |
|---|---|---|
Lake Travis Elementary School 15303 Kollmeyer, Austin, TX 78734 | PK-5 | 2 mi |
Hudson Bend Middle School 15600 Lariat Trail, Austin, TX 78734 | 6-8 | 2.8 mi |
Lake Travis High School 3324 Ranch Road 620 South, Austin, TX 78738 | 9-12 | 3.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 305 Lago Verde Dr
Date
Details
Price
Change
Source
12/26/2025
Listed
$2,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 305 Lago Verde Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$33,259
3%
$1,477,280
—
2024
$32,271
100%
$1,477,280
-1%
2022
100%
$1,498,000
33%
2021
—
$1,123,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 305 Lago Verde Dr
305 Lago Verde Drive, Austin, TX 78734 (MLS# 2472067) is a Lots/Land property with a lot size of 0.7517 acres. 305 Lago Verde Drive is currently listed for $2,995,000 and was received on December 26, 2025. Want to learn more about 305 Lago Verde Drive? Do you have questions about finding other Lots/Land real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

