21200 Highland Lake DR, Leander, TX 78645

Property Description

Position your business for success with this unique 0.75-acre commercial lot located in the growing lake community of Lago Vista. Zoned C-1 (and potentially rezone to R4), this property offers flexibility for a variety of commercial uses including office, retail, professional services, contractor operations, studio space, restaurant, and other neighborhood business concepts. As Lago Vista/Leander continues to experience significant residential and commercial growth, opportunities to secure commercially zoned land at this price point are becoming increasingly rare. While not located in a major retail corridor, that actually becomes an advantage as the property offers strong long-term potential for owner-users, investors, and small businesses seeking affordability, visibility, and a strategic foothold in an expanding market. Recent improvements to nearby Santa Rita Drive have enhanced accessibility, connectivity, and traffic flow throughout the area. Surrounded by growing neighborhoods and development, this property is well-positioned to benefit from the area’s ongoing growth and increasing demand for local services and commercial infrastructure. The approx. 0.755-acre lot features level topography and a unique triangular configuration that allows creative site planning, parking layouts, signage opportunities, and efficient building design. Utilities including water, sewer, electricity, and phone service are available at the street, helping future development potential. Whether you are looking to establish a business location, create an income-producing investment, or secure commercial land for future development, this property offers flexibility and long-term upside in one of the Hill Country’s growing communities. There may also be future rezoning potential to R4, subject to city approval, which could create possibilities for multifamily or short-term rental development. Buyer to independently verify zoning, utilities, development requirements, and intended use.

Listing Status:

Active

Data Last Updated:

July 6, 2026 at 3:17AM

Listing Office:

Keller Williams Realty Lone Star : (512) 994-0247

Listing Agent:

Robert Fischer : (512) 994-0247

MLS ID:

3926713

Exterior

• Other Structures: None

Location

• Road/Access: PVD
• HOA Amenities: See Remarks
• Originating MLS: actris
• School District: Lago Vista ISD
• County: Travis

Lot

• Topography: Nice Level Lot
• Zoning: C-1 changeable with apprLOT 26110 HIGHLAND LAKE ESTATES SEC 26 AMENDED01609001020000
• View: Hill Country

Utilities

• Utilities: Electricity AvailablePhone AvailableSewer AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: actris