Introducing an exceptional 3.6-acre development opportunity in Lago Vista at 21630 Thomas Cove, offered at $1,495,000. This R-4 zoned property sits on a quiet cul-de-sac and is primed for medium-density residential development, including single-family homes, duplexes, townhomes, or a boutique apartment complex —making it a compelling investment in one of the fastest-growing pockets of the North Shore. The sale includes an existing home on the property, which adds instant value and can be considered a bonus asset at this price point. The current owner has strategically acquired all adjacent lots, effectively safeguarding the property’s development potential and preserving privacy and views. This turnkey-ready site comes with five water impact fees already paid and water tap-ins available—major infrastructure savings for any builder or developer. From a planning standpoint, the lot supports a wide range of configurations. Builders may consider developing 12–20+ detached homes, a higher-density mix of townhomes or duplexes, or even a 60+ unit apartment concept, subject to site layout, parking, and city guidelines. The land is gently sloped with clear buildable areas, offering excellent topography for construction access and utility layout. Located just minutes from Lake Travis, parks, and the growing retail and dining options in Lago Vista and Cedar Park, this tract offers both a scenic lifestyle location and strong market fundamentals. With flexible zoning, infrastructure in place, and a protected development envelope, 21630 Thomas Cove is ready to deliver substantial short- and long-term returns. For builders, investors, or developers seeking a high-upside opportunity, this is a must-see property in a rising market.