Direct Lake Austin frontage with a private dock sets this 1.49-acre compound apart from anything else in the Lake Austin market. A rare multi-structure waterfront retreat with direct water access, a private boathouse, and two boat slips, all set against the undisturbed backdrop of the Balcones Canyonlands Preserve, this is the lake lifestyle at its most authentic. Mature pecan and live oak trees canopy the grounds, a private drive leads through the property, and every structure faces the waters and views of Lake Austin in Austin's desirable 78732 corridor. Situated next door to the acclaimed Lake Austin Spa Resort, rated the No. 1 Destination Spa in the United States by Conde Nast Traveler two years running and recognized among the world's top spas by Travel and Leisure, the location alone places this property in a class entirely its own on the Texas waterfront. The compound spans six fully independent structures across two lots: a two-story main house with a third-floor loft, four charming cabins with distinct character, a light-filled art studio, and the iconic lakeside boathouse, totaling 7 beds, 8 baths, and 6,000 sq ft. Each cabin features its own kitchen, living area, and private outdoor space, including covered patios, screened porches, wraparound decks, and an A-frame with covered balcony. The main house showcases soaring ceilings with exposed beams, a stone fireplace, rich hardwood floors, a solarium, and a front deck with sweeping lake views facing undeveloped preserve land. Ideal as a multi-generational Lake Austin retreat, a vacation rental compound, or a private lakefront estate, the income and lifestyle possibilities here are virtually unmatched on this stretch of water. Top-rated Leander ISD schools, including River Ridge Elementary, Canyon Ridge Middle, and Vandegrift High School, serve the area, with Quinlan Crossing shopping, dining, and everyday services minutes away via RR 620 and convenient access to downtown.