This versatile, multi-use property is situated on a private 0.88-acre unrestricted lot near Lakeway and offers two distinct improvements: a modern duplex and a spacious Barndominium. Both structures provide numerous possibilities for short-term rentals, long-term rentals, commercial use, or personal occupancy. The Craftsman-style duplex, built in 2017, features two single-level units, each with 3 bedrooms, 2 bathrooms, and a 1-car garage, offering approximately 1,185 square feet of living space. The property is set on a secluded, tree-lined lot with mature oaks and complete privacy fencing. The duplex includes modern finishes such as high ceilings, solid surface flooring, quartz countertops, stainless steel appliances, walk-in closets, and energy-efficient spray foam insulation. Additional highlights include an open floor plan, covered front porch, island kitchens, pantry closets, and dedicated laundry rooms. The Barndominium, also constructed in 2017, is a 45’x50’ structure with a red iron frame and U-panel metal siding. It features dual insulation (R-10 for the barn and R-13 for the living space) and offers 1,260 square feet of living space, including 3 bedrooms and 2 bathrooms. The interior boasts stained concrete flooring, high ceilings, an open floor plan, quartz countertops, and an island kitchen. The structure also includes 990 square feet of garage/shop space with epoxy flooring, a sink, and fridge outlet. Additional exterior features include two 10’x10’ insulated overhead doors, a 10’x50’ covered carport, and a 10’x50’ covered patio with a 7’x25’ front porch. All units are supported by separate, fully engineered septic systems, with Water District #17 water and Austin Energy services. The property is located in Lakeway ETJ, with no restrictions or HOA, providing a unique opportunity to explore a variety of uses. A full income/expense history for all improvements is available upon request. Don’t miss this exceptional value-add opportunity.
