Welcome to a striking Lake LBJ waterfront retreat blending Hill Country beauty, Texas history, and proven investment potential. Currently operating as a successful full-time Airbnb with strong rental history, this property offers an established income stream in the heart of the Texas Hill Country. Inside, a dramatic great room features soaring stacked windows and an 18' stone fireplace. The open-concept design includes a chef's kitchen with granite countertops, floor-to-ceiling shaker cabinetry, and commercial-grade stainless appliances. The recently renovated main-floor primary suite features luxury vinyl plank flooring and a stunning ~$50K spa-inspired bath remodel. Also offering 5 guest bedrooms, 4 additional full baths, and 2 powder rooms. The lower level is built for entertaining with a second kitchen, wet bar, steam room, and full theater with plush recliner seating. Expansive lake views, multiple gathering spaces, and seamless indoor-outdoor flow make hosting effortless. Outside, the fenced pool patio opens to a sprawling lawn, sandy beachfront, lakeside cabana, towering oak tree, and firepit area perfect for evenings under the stars. Enjoy direct access to boating, swimming, and sunset views across constant-level Lake LBJ toward iconic Packsaddle Mountain, known for its rich frontier history. Minutes from local dining and marinas with convenient access from Austin, this is more than a home - it's a legacy property, income-producing asset, and unforgettable lakeside retreat. Can come furnished!