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.3 HOMES!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,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,high ceilings,solid surface flooring,quartz countertops,stainless steel appliances,walkin closets, and energy-efficient spray foam insulation.More highlights include an open floor plan, covered front porch, island kitchens, pantry, 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 1,185 sf of living space,including 3 bedrooms and 2 baths.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. 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 buildings/units are supported by separate, fully engineered septic systems, with WCID#17 water and COA 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. NEW ROOFS as of 2024, from storm. High probability, all 3 units can be 3 condos. VERY COOL!