UNIQUE PROPERTY WITH CHARACTER, CHARM & ENDLESS POSSIBILITIES... Offering both residential and commercial zoning, this historic 1940 log home blends timeless character with thoughtful updates in the heart of Marble Falls. Features include refinished original hardwood floors, wood ceilings, fresh interior paint, custom built-ins, beadboard detailing, butcher block countertops, updated lighting, and a spacious open-concept kitchen and living area. The flexible floor plan offers three bedrooms or private offices and two full bathrooms, making it ideal as a residence, boutique business, professional office, or creative studio. Situated on approximately 0.40 acres overlooking a protected greenbelt and Blackbone Creek, the property offers a peaceful setting with a welcoming covered front porch and relaxing rear deck. A large metal building with two separate bays, each equipped with electricity and air conditioning, provides excellent space for offices, workshops, hobbies, or storage. Ample parking accommodates multiple vehicles. A recently installed HVAC system enhances the home's comfort and efficiency while preserving its authentic character and charm. Just minutes from downtown Marble Falls, enjoy convenient access to shopping, dining, live music, wineries, golf, Lake Marble Falls, Lake LBJ, Highway 281, and FM 1431. Whether you're looking for a distinctive home, thriving business location, or income-producing investment, this one-of-a-kind property offers exceptional flexibility, visibility, and potential.