This updated, "must see" unique gem of a sanctuary, including an estimated $25K LVPOA lot, is surrounded by a lakeside community. 4 Bedrooms, 2.5 Baths on 3.092 acres! A hill-top home with panoramic views of the hill country and Lake Travis. Privacy, peace and space. An income property. Originally deeded for 3 homes, you could add at least 2 more or re-subdivide it for more. A family compound? A new development with 1/4 or 1/2 acre lots? Last appraised at $787,500 without the LVPOA lot, it is being offered significantly below market value. Built for the views, a spacious covered deck, family room, including living, dining, 2 bedrooms, full bath and walk-in storage or 2nd pantry are on the upper level. The master bedroom, with a sitting area or office, tiled master bath, dual vanities, tiled walk-in shower and carpeted walk-in closet are on the first level. A flex room, now a 4th bedroom with half bath, walk-in closet and French doors leading out to a covered patio with a rock garden and fountain, is also on the first level. As a 3 bedroom, the flex room becomes and was a 2nd family room. Great for entertaining! The foyer, laundry, hallway with a floor to ceiling wood bookcase, utility room and 2nd walk-in storage complete the first floor. Approximately 1500 sq. ft of the flooring is either wood or tile. 3 of the 4 bedrooms are carpeted. A 200 sq. ft workshop/studio, tool sheds, walk-in storage building, and a 2-car garage with attached office/guest room complete the property. 350 extra sq. ft of living space. On well and septic, adding solar panels takes this home off the grid. No city taxes, except for the additional LVPOA providing access to 9 private waterfront parks, basketball court, boat ramps, disc golf course, hiking trail, parks, pavilions, athletic field, tennis courts, pickle ball courts, playgrounds and more. A refurbished 1954 8N Ford tractor is for sale to maintain the 3 acres. By toll roads, it is approximately 35 min to Austin. Ready to Sell!