A Florida-based developer will hold an online auction of a 58-acre waterfront property in Lago Vista that is ready for development. Safe & Green Holdings Corp. said the property on Lake Travis has approval to support 200-plus multifamily rental units, an amenities package, a hospitality project and a 40-boat slip marina.
The property was acquired by Safe & Green for about $3.5 million in 2021 and was recently appraised at roughly $13 million. The owner previously put the property on the market in April 2022 for $15 million.
Lago Vista is a fast-growing lakeside community on the northern shores of Lake Travis. According to the 2020 U.S. census, Lago Vista was home to 8,893 people. That’s a 47.3% increase in population from the 2010 census.
Crexi, a Los Angeles-based company that operates an online commercial real estate marketplace, will facilitate the online auction. Further information regarding the auction, including, the date, will be made public later.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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