Rare Opportunity | Multi-Family Potential on 3 Treed Lots in Lago Vista Opportunity meets location at 21826 Tallahassee in Lago Vista! With almost 3000 SF nestled on three beautifully treed lots just a short walk from the shores of Lake Travis, this unique property offers incredible flexibility for homeowners, investors, or multi-generational living. The main level features a 3-bedroom, 2-bath layout with comfortable living spaces, multiple decks, and plenty of potential to make it your own. Downstairs, with its own private entrance, you’ll find a separate 1-bedroom, 1-bath suite complete with a living area—perfect for guests, extended family, or income-producing rental potential. With three spacious, tree-covered lots, the property offers rare privacy, room to expand, and the peaceful Hill Country setting that makes life in Lago Vista so desirable. While the home could benefit from some updates and TLC, savvy buyers and investors will immediately recognize the value-add opportunity and potential for passive income in this flexible floorplan. THREE LOTS!! STR allowed and can sub-divide. Only 1 POA Fee. RV and boat parking also allowed. Lago Vista offers extraordinary amenities to its residents including multiple waterfront parks, boat ramp, courtesy dock, campground with options for tents and RV sites, fitness centers, marina, fishing well, swimming pool, tennis, pickle-ball, basketball, golf course, disc golf course, hiking trails and many meeting spaces. Whether you're looking for a primary residence with rental income, a weekend retreat near the lake, or your next investment property, this one is truly full of possibilities.