Perched above Lake Marble Falls in a quiet, laid-back area of town, this rare one point six seven-acre dual-lot property offers the perfect blend of relaxed lake living and unmatched versatility for entrepreneurs, investors, and outdoor enthusiasts. This unique, in-town opportunity features three different structures for future flexibility. The main home, with quaint nineteen fifties charm, features four bedrooms, three and a half bathrooms, two spacious living areas, and outdoor spaces with panoramic lake and Hill Country views. Primary and secondary bedroom suites are located on the main floor, while the lower level includes two additional bedrooms and a game room. Near the main home, a modern two-story structure could act as a guest home with an upstairs apartment and deck with incredible views. Downstairs is a converted garage bunkroom with a kitchenette and bathroom, offering flexible accommodations for guests, extended stays, or short-term rentals. Adjacent to the main house, the third structure spans approximately three thousand square feet with two thousand one hundred square feet of fully insulated and heated/cooled garage space, including a half bathroom and large spaces for equipment storage or all the hobby areas you need! This building adds extraordinary functionality rarely found on the lake and in town. It is ready to be a workshop, office, exercise room, additional parking, etc. A golf cart path winds down to a private single-slip boat dock with a party deck and storehouse, creating effortless access to days on the water. Enjoy the structures as they stand or plan your own custom build. All this plus convenience to shopping, restaurants, and necessities in Marble Falls. Less than half a mile to Bluebonnet Cafe; half a mile to Main Street; live music at Old Oak Square; only one point three miles from HEB. City utilities are available. Short-term rentals are allowed with registration with the City. Nothing like it elsewhere on the lake at this price point. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.