Positioned on the Colorado Arm of Lake LBJ, this east-facing waterfront property is currently operating as a successful short-term rental and offers exceptional flexibility with a separate guest cabin and additional lot located directly across the street. The guest cabin includes a living area, kitchenette, full bath, oversized carport, and private accommodations, while the adjacent open acreage provides space for future structures, RV parking, boat storage, or additional improvements. The waterfront features 63 feet of shoreline with an oversized deck, boat lift, dual personal watercraft lifts, protected swim area, attached storage, screened porch, and expansive lakeside patio designed for entertaining. Inside, large windows showcase lake views throughout the open floorplan featuring luxury vinyl plank flooring, stone accent walls, custom cabinetry, butcher block countertops, large center island, farmhouse sink, and spacious dining area. Additional highlights include a detached climate-controlled laundry room, abundant storage, and flexible guest accommodations. A unique opportunity combining waterfront living, income potential, and room to expand. Main House is 3 bed 3.1 bath 2,386 sqft. Guest Cabin is 1 bed 1 Bath 812 sqft.