Rare opportunity to purchase entitled residential lots in the Austin MSA. 60 lots (Phase 1A & 1B) have been approved and ready for construction and Phase 2, consisting of 103 lots, will be submitted for approval by 4/29. Phase 2 is expected to be approved and ready for construction by the end of 3Q22. Firefly is in a prime location in the center of Lago Vista, Texas, situated on the south side of Boggy Ford Road and roughly 35 miles northwest of downtown Austin. The property is served by the City of Lago Vista with existing water and wastewater lines on Boggy Ford Road. Electricity is serviced by Pedernales Electric Cooperative. The property is zoned as a Planned Development District which allows for 325 residential units across three phases. However, with its unique natural characteristics, Firefly would be the perfect fit for a recreational buyer looking for personal enjoyment within close proximity to city amenities. The property features terraced limestone bluffs which offer dramatic views of Lake Travis and the Hill Country. Additionally, it fronts Lake Travis for approximately 2,600 ft with access to Lake Travis at Cox Hollow and Draper’s Cove. Lago Vista ISD.