This thoughtfully remodeled 1930s home blends historic character with flexible living and workspace opportunities in the heart of Smithville's Historic District. Ideally located between the Colorado River and the iconic Hope Floats house, the property sits on a rare .29-acre double corner lot with access from both Colorado Drive and Hudgins Street. Inside, the main home features 11-foot ceilings, refinished original long leaf pine floors, original wood moldings and trim, and updated kitchen and bathroom, fresh interior paint, and a new interior sub panel. Major system improvements include a new HVAC system in 2022 and new metal roofs installed on both the home and the detached workshop/garage in 2025. Outdoor features include a spacious front porch, a covered carport, a beautiful rear deck, mature pecan trees, and two driveways for convenient access and additional parking flexibility. The detached 600+ square foot garage/workshop offers upgraded electrical service, a loft storage area, a storage closet, and a half bath, creating exceptional potential for hobbies, studio space, workshop use, or additional flex space. With historic charm, modern updates, and a unique live/work layout, this well-maintained property offers a rare opportunity in one of Central Texas' most desirable small-town historic communities.