First time on the market, this lovingly cared for lake home is ready to enjoy now, or remodel to create your dream home. Tucked away on a quiet street, this 4/2 Lake LBJ waterfront retreat on the Colorado Arm, has so much to offer. On the generous over-sized lot of .8 acres, there is plenty of room to create any desired additions…a pool, outdoor kitchen, or a guest house. With over 100 ft. of waterfront there is ample room to enlarge the boat dock. The large open living/kitchen area with vaulted beamed ceiling, beautiful stone fireplace (with blower), and most importantly - amazing lake views are perfect for entertaining. The large master bedroom overlooks the lake and offers a private bath. Guests will enjoy the same views from across the house in the over-sized bedroom with a private entrance to the second bath. The covered back porch and patio area, under a stately oak, are the perfect places to relax and entertain lakeside. Waterside amenities include a one stall boat slip with a lift and two personal watercraft lifts. Being a pass through lake and used primarily to provide cooling for the Ferguson Power Plant, Lake LBJ offers stable water levels through-out the year and during times of drought. Location, location, location. The survey dated 1993, shows the elevation of the living area 842.2 Per Llano County the Base Flood Elevation in this area is currently 841, meaning lower flood insurance rates, & eliminating limitations on improvements to the structure or enlarging the footprint of the home.