An absolutely marvelous open water location on Lake Marble Falls just south of the bridge. Unbeatable views, front row seating to the annual boat races and the Walk Way of Lights. With a little vision and revamping this property can be transformed into an amazing lakefront get-a-way. Current split-level home has living, kitchen and a bedroom with bath on entry floor and a large bonus/bedroom with bath and laundry room downstairs. Fireplaces on both levels. Along the waterfront is a one stall boat dock with electric lift and a fishing pier. A large 1850 sq ft metal storage building sits along the street. This property is zoned C-1 neighborhood commercial and allows for a multitude of usages, from single-family residential to condominiums, restaurant or retail services. Full zoning restrictions available upon request! Don't miss this amazing opportunity to own prime Lake Marble Falls waterfront with extraordinary potential.