This Lakeway home is currently being used as a short-term rental and is cash flowing. However, this home has great potential to be a single-family residence or retreat. Being located in the ETJ, which requires no restrictions, you are welcome to take over the existing business or create a sanctuary for you and yours. From the entry courtyard space to the breathtaking lake views to the multiple terraces, private office spaces and cathedral ceilings, this home could be a show stopper. With six bedrooms (the primary is on the main floor) and 4.5 baths, there's room for everyone! Should you continue on as an STR, this home sleeps 20. One upstairs bedroom has its own private terrace and the master has french doors leading to the main terrace. This home also has a separate yoga room or office and an additional office space for a whole team on the third tier below the main floor. So many possibilities here. Come see the magic!