Whether you're looking for a full-time home, weekend escape, or a place for family & friends to gather, this thoughtfully renovated & expanded Lake Travis waterfront home offers 5 bedrooms, 4.5 baths, expansive lake views, and direct water access with its own private tram and covered boat dock-- all while being only 8 minutes from the heart of Lakeway and 620! Walls of updated windows showcase expansive views of Lake Travis throughout. The open-concept living area features a fireplace and opens to a covered balcony overlooking the water-perfect for morning coffee, sunset dinners, and enjoying the view. Outside, an upgraded private tram provides convenient access from the home to the water & the practically new, 2022-built covered boat dock, which features a high-end HydroHoist boat lift, boat slip, storage closet & generous space for lake fun. Its location along a no-wake area provides a more relaxed setting! Inside, the gourmet kitchen also overlooks the lake and features a statement granite island, built-in stainless-steel refrigerator, Viking gas range, dual ovens, Bosch dishwasher & bar with built-in ice maker + sink. The lake-view primary suite features hardwood floors & a spa-like bath with a jetted tub, separate walk-in shower & dual walk-in closets. The flexible floor plan allows for comfortable main-level living, while the lower level provides additional space for family & guests. An oversized en-suite bedroom with built-in shelves offers flexibility as a large home office, guest suite, and more. An oversized 2-car garage & abundant parking make it easy to accommodate family & guests. Golfers will love the multiple golf courses nearby. Lake Travis views, direct water access, a private tram, and your own covered boat dock-all from a home designed to make the most of life on the lake. 1005 Challenger offers the setting and flexibility to enjoy it full-time or as a weekend retreat.