Rare opportunity to own 0.68 acres in the heart of Jonestown, just minutes from the shores of Lake Travis. This property includes an existing fire-damaged home, a detached workshop also impacted by fire, and an intact shed ready for use. Utilities including water and electricity are already available on-site, saving time and money for future development. The gently sloped terrain offers excellent building potential for a new custom home or investment property. Located within a quiet residential neighborhood surrounded by beautiful Hill Country scenery and established homes, neighboring property feature two-story decks that may offer views of Lake Travis. The lot is nestled in an area that continues to experience strong growth and demand, making it an excellent investment opportunity. Comparable properties in the area are priced significantly higher, offering tremendous value and upside for the next owner. Enjoy close proximity to Jones Brothers Park with lake access, boat ramps, playgrounds, and sports courts, all less than five minutes away. Cedar Park’s vibrant shopping, dining, and entertainment options are just a short drive, and downtown Austin is reachable in under 45 minutes, making this an ideal location for both a private retreat or a full-time residence. This property offers the rare combination of a prime location, existing infrastructure, and strong potential for appreciation. Whether you are looking to rebuild, start fresh with a new home, or hold for future gains, this property presents a compelling opportunity at a price well below the Zillow Zestimate and Travis County Appraisal District valuation. Seize this chance to invest in one of the most desirable areas near Lake Travis.