This rare 2.19-acre lakefront property offers a once-in-a-generation opportunity on Lake LBJ! With 311' of wide open cove frontage, the setting is ideal for swimming, paddleboarding, fishing, or simply enjoying peaceful lake views. The existing 3-bed, 2-bath home offers comfortable living as-is and could serve as a base for your dream build or family compound. There's a covered carport, dedicated storage for lake toys, and ample room to expand — including space for a pool or multiple new builds. Zoned to allow short-term rentals, this property presents unique investment and redevelopment potential, with access from three separate roads (Castlehigh Dr, Mallard Point, and N Shorewood Dr). With the ability to develop 3 to 4 lake homes, it’s the perfect setup for a private family estate or boutique rental retreat. Lakefront properties with this much acreage and flexibility are almost unheard of—don't miss the chance to create something truly special, a legacy-level investment on Lake LBJ!