This exceptional Austin Lake Estates property stands out as a rare gem, offering income-generating potential and the flexibility of 2 distinct living areas! Each thoughtfully designed structure includes a living area, kitchen, bedroom, and bathroom, making it an ideal choice for an Airbnb, guesthouse, rental, private studio, mother-in-law suite, or simply a peaceful getaway. Conveniently located in West Austin, 2702 De Soto is only 30 minutes from DT Austin and 15 minutes to the Hill Country Galleria. Expertly crafted in 1984 by a master builder, this one-of-a-kind property showcases remarkable attention to detail and superior craftsmanship, elevating its charm and character. It has been lovingly updated with features like a 10 ft cowboy pool, full kitchen in apartment and privacy fencing - all features that increase its appeal as an STR or multi-gen property. It was also built with future improvements in mind like enclosing the carport to create additional living space. Lush gardens, mature trees, and over 1,500 square feet of outdoor patios provide an inviting sanctuary for butterflies, birds, and native Texas wildlife. Located within the highly sought-after Eanes school district and just a short stroll from Lake Austin, the property also offers access to The Lake Hills Park Association—featuring a scenic lakeside park, a lifeguarded swimming pool, a boat ramp, docks, and a private beach area with a roped swimming zone. Low 1.5% tax rate!Set against a backdrop of natural beauty, the property seamlessly blends into its surroundings, creating a serene retreat for those who value harmony with nature. Designed with energy efficiency in mind, the two structures are connected by stone porches on the lower level and wooden decks above, enhancing the indoor-outdoor flow. With its striking architecture, natural beauty, and prime location, this property is more than just a home—it’s a conversation piece and a cherished retreat for years to come.