10614 Deer Canyon Rd, Leander, TX 78645

I’ll be honest… properties like this are getting REALLY hard to find around Lake Travis. Tucked above the lake in Jonestown sits approximately 17.5 acres with some of the most incredible panoramic Hill Country and Lake Travis views I’ve seen in a long time. The back portion of the property feels like your own private overlook, with dramatic elevation changes, mature trees, and view corridors that stretch for miles in multiple directions. But what makes this property truly unique is that it is already income-producing. The property currently includes six well-maintained rental units generating approximately $9,400 per month in gross income, creating immediate cash flow while you enjoy the property, plan future improvements, hold long term, or explore development opportunities. Infrastructure is already in place with six water meters, three septic systems, existing access roads, and multiple potential build sites throughout the property. Honestly, this property could go a lot of different directions depending on someone’s vision. Build a luxury estate overlooking the lake, create a family compound, continue operating as an investment property, subdivide premium Hill Country view tracts, or simply hold it as the area continues to grow around Lake Travis. The flexibility here is what makes it special. Located within the ETJ and outside of the floodplain, this is the kind of property people usually wish they had bought years earlier once the area fully develops around it. And with additional neighboring acreage potentially available, there may also be future assemblage opportunities for someone looking to create a larger development footprint. If you’ve been looking for a property that combines views, privacy, income, infrastructure, and long-term upside all in one… this one is absolutely worth seeing in person.