Special Financing Opportunity! Qualified buyers may be eligible for a 4.75% introductory mortgage rate through a seller-funded 3-2-1 temporary rate buydown with a full-price offer. This financing incentive provides reduced principal and interest payments during the first three years of the loan. See financing details below.A rare opportunity to own a beautifully restored 1940 pre-war bungalow in Lake Austin Estates, within highly sought-after Eanes ISD. Situated on approximately 0.3155 acres, this charming three-bedroom, two-bath residence offers 1,592 square feet of thoughtfully updated living space, deeded Lake Austin access, and a peaceful setting just minutes from Westlake and Bee Cave.Originally built in 1940 and relocated from Driftwood, the home has been carefully restored to preserve its original character while incorporating modern comforts. Warm pine floors, classic trimwork, and a welcoming fireplace reflect the craftsmanship and character of its era, while an updated kitchen provides the functionality of modern living. The three-bedroom layout offers comfortable everyday living with flexibility for guests or a dedicated home office.A spacious covered front porch creates an inviting place to enjoy the surrounding greenery, while a covered back patio extends the living space outdoors. The approximately one-third-acre homesite offers room to entertain, garden, or envision future outdoor improvements, with mature surroundings and a relaxed atmosphere that feels removed from the pace of the city.One of the property's most compelling advantages is deeded access to Lake Austin, including access to a private neighborhood boat launch on the south side of the lake west of the 360 bridge. This coveted amenity provides the opportunity to enjoy boating, watersports, and the Lake Austin lifestyle without the expense of waterfront ownership.Located in Lake Austin Estates and zoned to Eanes ISD, the property offers convenient access to Westlake, Bee Cave, and central Austin. Whether envisioned as a primary residence, weekend retreat, or investment property, this restored bungalow combines historic character, generous outdoor space, and an exceptional location in one of Austin's most desirable lake communities.Financing Details: Proposed 3-2-1 temporary mortgage rate buydown, funded through a seller contribution at closing with an acceptable full-price offer. Based on the seller's illustrative financing scenario, the effective interest rate would be 4.75% in year one, 5.75% in year two, and 6.75% in year three, returning to the 7.75% note rate in year four and thereafter. Rates, payments, eligibility, and seller contribution are subject to lender confirmation, loan program requirements, and buyer qualification. The introductory rate is temporary and is not the permanent note rate.