Wake up to panoramic lake and Hill Country views, with private direct access from your backyard to the water, enjoy a home designed for both memorable lake living and exceptional flexibility. Fully remodeled and turnkey, this Lago Vista retreat offers 5 bedrooms and 3 baths across two thoughtfully designed living spaces. The upper level features 3 bedrooms, 2 baths, and a wraparound Trex deck showcasing breathtaking sunset and water views from nearly every room. A private lower-level entrance leads to a separate living area with 2 bedrooms, 1 full bath, full kitchen, private deck, and its own living space-an ideal setup for multigenerational living, extended guests, or an income-producing short-term rental (STR), subject to applicable rules and regulations. The pool-sized backyard provides plenty of room to create your own outdoor entertaining oasis, with the rare bonus of direct gated access to the lake and the private Lago Vista Property Owners Waterfront Park, marina, and fishing well. Approximately $250K in renovations include Trex decks (2024), dual heat pumps/AC units (2023), Hardi Board siding (2023), windows (2023), flooring (2024), updated kitchen with new cabinetry and countertops (2023), and three beautifully remodeled baths. Located on a quiet dead-end street, this property offers privacy while remaining close to recreation and community events. Bar K Park sits directly across the cove, offering an incredible vantage point for Lago Fest, fireworks, hot air balloons, and unforgettable July 4th celebrations. Enjoy Lago Vista amenities including community pools, waterfront parks, fitness centers, boat ramps, campgrounds, and more. A rare opportunity to own a lakefront lifestyle with flexible living and income potential.