An extraordinary opportunity to own or redevelop a premier deep-water cove property on Lake Travis, just minutes from Austin. Situated on an expansive 2.75-acre lot, this rare offering boasts an impressive 635 feet of deep-water frontage, providing exceptional privacy and breathtaking panoramic lake views. Tucked away in a serene and secluded setting, the property offers endless possibilities. Whether you envision building a luxury lakefront estate, a private waterfront compound, or redeveloping the property into a modern retreat, the scale and shoreline make it truly one-of-a-kind on Lake Travis. The property is currently operating as a successful short-term rental, featuring a main residence that is 4856 square feet plus two additional living units that provide flexible options for guest accommodations, rental income, or multi-generational living. Waterfront amenities make this property especially rare, including a private beach, boat ramp, boathouse, two boat slips, and a lakeside deck overlooking the cove-perfect for enjoying quiet mornings, sunset views, and effortless access to the water. With its unmatched combination of acreage, extensive shoreline, deep-water access, and income potential, this is a truly exceptional Lake Travis opportunity ready for your vision to bring it to life.