An exceptional opportunity on highly coveted controlled-level Inks Lake, this property offers a rare peninsula setting with nearly 350 feet of waterfront and sweeping east-facing open-water views. The protected cove includes a concrete-pier boat dock, ideal for effortless lake access. This versatile estate can serve as a turnkey retreat—with furnishings negotiable—or as a prime redevelopment site for a custom lakefront masterpiece. Located within the gated community of Inks Lake Village, the property benefits from a short-term-rental-friendly environment, making it equally attractive for personal use or investment. The current layout includes a 2-bed, 2-bath casita alongside a 2-bed, 2-bath main residence, offering privacy and flexibility for hosting family or guests. The property is also scheduled to receive a LCRA-approved five-bedroom septic system, expanding future development potential. For added confidence, the home has been pre-inspected, ensuring peace of mind for prospective buyers.