PROPERTY DESCRIPTION

Introducing the High-Density Residential Lots nestled along Hancock Avenue, offering an unparalleled opportunity for lakefront or lakeview development! These prime lots, 2503 (lot 18004) and 2505 (lot18003) Hancock Ave, can be purchased individually or together�refer to MLS#6869581 and MLS#7057557 for separate listings. Detailed surveys including boundary, topographic/elevation, and tree information are readily available. Positioned adjacent to a captivating Lake Travis wet/dry cove and meandering creek featuring a serene waterfall, these lots boast an array of majestic tree species including Live Oak, Sycamore, and Elm. Whether crafting your single-family sanctuary or envisioning a cluster of 10-12 townhomes or apartments, the possibilities are boundless. Lago Vista authorities have confirmed the feasibility of extending sewer and water services to the property, with extension costs to be borne by the purchaser. Conceptual sketches for single-family dwellings offer inspiration for your vision, while ownership grants full access to LVPOA amenities. Conveniently situated within the same block as Hancock Park�featuring swimming facilities and playground�and less than a mile from Cody Park boasting a boat ramp, the allure of recreational pursuits is at your doorstep. Zoned for High Density Residential according to City of Lago Vista Ordinance No. 23-09-07-04, R-4 zoning allows for multifamily residential development including apartments, townhouses, and single-family homes. Maximum impervious cover is set at 50%, with front and rear setbacks of 25 feet and a 5-foot side yard setback, totaling 10 feet for both sides. The permissible building height stands at 35 feet, capped at three stories. The marketing pictures with approximate boundaries are for illustration purposes only, and the information provided is deemed reliable, but is not guaranteed and should be independently verified.