Investor or handyman special!!! Located in a Lake LBJ subdivision with view of cove and stone throws away from the lake. Home is spacious and has the potential of being a cute lake house. The adjoining property by the lake is a common area with a boat slip which was built by the late property owner and another property owner, and there is an unwritten rule that one of the boat slips can be used by the owner of this home. No taxes, but use of the slip. Not a bad deal. It's Kingsland, and an old subdivision, and things were handled with a handshake back in the day, so if you want this place and use of the boat slip, just consider it a bonus.