Is Lotus Vale legal in Standard, Modern, and Commander?

Lotus Vale is legal in: Legacy, Vintage, Commander.

Lotus Vale

Q: What type of card is Lotus Vale?

Lotus Vale is a Land. Its oracle text reads: "If this land would enter, sacrifice two untapped lands instead. If you do, put this land onto the battlefield. If you don't, put it into its owner's graveyard. {T}: Add three mana of any one color. *At what price beauty?*"

Land

If this land would enter, sacrifice two untapped lands instead. If you do, put this land onto the battlefield. If you don't, put it into its owner's graveyard.

: Add three mana of any one color.