Situated in the heart of historic downtown Round Rock, this premium mixed-use property offers exceptional flexibility with Commercial C-1 zoning, allowing for both residential and commercial use (Sec. 2-35 Permitted Uses in Commerical Districts) . Featuring a significant price reduction and a recently updated interior, this turnkey opportunity is ideal for investors or owner-users seeking immediate value in a high-demand location. This inviting 4-bedroom, 1.5-bath home is well arranged to support both comfortable living and a flexible office setting. The layout easily accommodates private workspaces or meeting areas while maintaining a warm, residential feel, and includes ADA-accessible features for added convenience and usability. A welcoming main living area flows into a functional kitchen with adjoining dining or flex space, creating a seamless environment for both daily living and professional needs. The property includes three dedicated parking spaces, along with additional driveway parking for two or more vehicles and convenient street parking-an exceptional advantage in the downtown area. The beautifully shaded lot is enhanced by five mature oak trees, offering a serene and inviting outdoor setting. Ideally located with easy access to Interstate 35, State Highway 45, and State Highway 79, and approximately 30 minutes from Austin and Austin-Bergstrom International Airport. Positioned within a walkable, revitalized district experiencing ongoing growth and city investment, this property presents a rare opportunity to own a versatile live/work space in one of Central Texas's most desirable markets.