Welcome to LAKE LIFE! Almost 2 acres of beautiful, unrestricted estate property overlooking Lake Travis and Texas Hill Country. LOW TAX RATE! AUSTIN ETJ! A RARE GEM! Redefine your lifestyle with limitless potential, newly remodeled home and plenty of land for an additional dream home. It is perfect for primary or vacation home, and could be a lucrative income for short term rentals, corporate events, weddings, photography, and many other activities! Unobstructed views of Lake Travis, this gated serene location feels like you're in the country, while still in close proximity to upscale shopping malls, groceries, and restaurants, all within 5-10 minutes. Welcome to the richest area in Austin, Lakeway is ranked no. 5 out of top 10 richest cities in Texas for 2023. Highly desirable Lake Travis ISD schools including one of the top notch private schools is within less than 1 mile. Lake access nearby with plenty of marinas and golf courses. Only 15 minutes to a world class medical center, 30 minutes to downtown Austin and 40 minutes to the airport. This home has its own private gate with three-car indoor garage plus outdoor parking spaces for at least 4 more cars inside the gate. Perfectly laid out for 5 spacious bedrooms, the fifth bedroom is currently set up as an office room. Hardwood floors upstairs. The oversized master bedroom has a door that open directly to the balcony and also a huge deck from the living and dining room areas are all designed to capture amazing sunset views. Spacious outdoor patios on both first and second floors. Upstairs and downstairs primary suites with updated full baths and large walk-in closets. MOVE-IN READY! This house is fully renovated. There is a ton of land surrounding the house with mature oak trees. THE LAND BEYOND THE BACK FENCE IS INCLUDED. Seize this rare, gorgeous property that offers limitless potential to add another brand new dream home! No HOA restriction to your architectural plan.