Set within the coveted Blue Lake Estates of Horseshoe Bay, this exceptional waterfront property offers a rare opportunity to secure a legacy property on Lake LBJ. Positioned on a generous lot with 82' of open water frontage, the west-facing orientation delivers sweeping sunset views across one of the lake's most desirable stretches. The existing residence, built in 1967, spans approximately 2,092 sf and features 4 bedrooms and 4 bathrooms. Full of authentic lake-house character, the home provides a solid foundation for a thoughtful renovation-or serves as the perfect canvas for a completely new custom build tailored to modern luxury living. Outdoors, the property truly shines. A private boathouse with a covered deck invites effortless days on the water, whether you're boating, entertaining, or enjoying a refreshing swim. The expansive yard offers ample space to design your ideal outdoor retreat, including room for a pool, lush landscaping, and multiple entertaining areas, all framed by open water views. Blue Lake remains one of the most sought-after waterfront addresses in Horseshoe Bay for good reason: protected value, enduring appeal, and a setting that rarely becomes available at this price point. Whether you envision restoring its timeless charm or creating a brand-new lakefront masterpiece, this is a property buyers wait years to find.