Behold this never before, never again opportunity to own an island you can drive to on Lake Austin. Graced by more than 1,000 feet of low bank waterfront, this irreplaceable real estate portfolio comprises of 8 acres assembled over sixty years. 
Enviably sited just minutes from all that downtown Austin has to offer, this natural oasis affords incomparable flexibility to complete a personal compound in the making or maintain income properties while incubating future uses. The possibilities are as limitless as the inspiring views, and yet the greatest single attribute is that such a super prime trophy is even available.The centerpiece is a newly built 8,000 square foot French Provincial estate gently placed by the lakeshore surrounded by nature, sheltered by the canopy of mature trees, adorned by curated landscaping, and enveloped by a hand placed stone bulkhead. A broad veranda and a negative edge pool scape sets up outdoor entertaining with enviable privacy. Inside, first impressions reveal an open plan great room with central, two-sided fireplace, voluminous floor-to-ceiling walls of glass, an exhibition kitchen, and intimate views of Lake Austin from every vantage point. A primary bedroom suite boasts an expansive, spa-like bathroom and ample closet space while four additional bedrooms are served by ensuite bathrooms, and a second story bonus room and billiards hall and bar serve up a life better lived for family or corporate retreats alike. Along the shoreline, a grandfathered boathouse offers an additional three bedrooms and two bathrooms perfect for a guest house or artist studio with covered moorage, which is one of an unprecedented fifteen, fully serviced boat slips with adjacent storage sheds offering a ready-made beach club for future development association. A graded playfield may also be converted to a full-size tennis court while further options provide for expanded garage space with available impervious ground coverage on the estate. The upland properties include 15 apartments units, and adjacent land parcels with additional acreage that offer potential for further subdivision and development within a to-be built gated compound, which may include a car collectors’ garage, staff quarters, or a sport center; multi-generational residences for family; or simply as further income property and disposition. The Peninsula of Lake Austin is inherently outstanding with its matchless landscape but also in its potential for a once-upon-a-lakeside estate within a global city on the rise. The greatest moments in real estate are always marked by time and place. Now is the time. This is the place. Make it yours.