A unique development opportunity on vacant lot in the ETJ with little to no restrictions, located close to both lakes and in the award-winning Lake Travis ISD. This .187 acre lot sits adjacent to house on a .253 acre corner lot also available for purchase (See MLS # 4913157). Ideal location for residential or commercial development in Highland Club Village. Buy both properties for a total of .44 acres and corner access. Eclectic street with million-dollar homes, lake bungalows and short-term rentals. Potential for lake views. Existing home on adjacent lot has been well-maintained by original owner since 1975, could be renovated or redeveloped. Home features 2 beds/2 baths, 5 garages and 2 storage sheds with room for boat storage. Low tax rate too! Nearby boat access and Mansfield Dam Park. Nestled the hill country but just minutes from Lake Austin, Lake Travis, Lakeway, Bee Caves, Four Points and the new commercial condo development off 620 called XSpace https://xspacegroup.com. Listing agent has familial relationship to seller.