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. The main residence offers 1,567 sq ft of living space, plus an additional 410 sq ft casita, 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.