A rare opportunity to own three contiguous parcels totaling approximately 1.06 acres in the heart of Hudson Bend, offering immediate rental income today with exceptional flexibility for tomorrow. Whether you're an investor, builder, entrepreneur, or someone looking to create a unique Lake Travis compound, this property presents opportunities rarely found in one package. One parcel is improved with a beautifully remodeled bungalow that is currently tenant occupied, providing immediate cash flow from day one. The remaining two adjoining parcels are vacant, allowing the next owner to explore a variety of possibilities, including future homesites, additional improvements, recreational space, or long-term investment hold. The unique configuration creates an ideal setup for multiple uses-live on one parcel while generating rental income from another, operate a home-based business, build additional structures, or simply preserve the privacy and space that over an acre provides. Located in highly desirable Hudson Bend within acclaimed Lake Travis ISD, the property also offers exclusive lake access just steps away. While not technically waterfront, the land enjoys a premier lakeside setting with protected LCRA-owned green space separating the property from Lake Travis, preserving the natural surroundings while providing convenient access to the water. Even better, with Lake Travis now above full pool, buyers can fully appreciate the property's proximity to the lake and enjoy access to the owner's private dock. Minutes from marinas, waterfront dining, parks, and all that Lake Travis has to offer, this is more than a home-it's a versatile investment with multiple income, lifestyle, and future development possibilities in one of the area's most sought-after lake communities.