Spicewood, northwest of Austin, may be home to the next Crystal Lagoon development. Crystal Lagoon is working with Ascensions on Lake Travis to develop a master-planned community with the 3-acre lagoon as its big draw.

The project is slated to include residential units, retail, restaurants and a concert venue. The lagoon itself will be publicly accessible for swimming and water sports through ticketed entry.

While the project could be the first of its kind in the Austin area, Crystal Lagoons has over 275 projects in various stages of development across the country, including 70 in Texas.

Completed Crystal Lagoons projects include the 12-acre Lago Mar in Texas City, Balmoral in Atascocita and Windsong Ranch in Prosper.

Ascensions Developer Derek Diaz said the lagoon portion of the project is still in the conceptual design phase, but he hopes to break ground sometime in 2025.