Waterfront lot located in "Old Lakeway"(community defined by the first 17 sections and 1,000 acres developed by Lakeway Land Company). Adjoining property (1123 Challenger) listed separately (MLS# 2954193) Amazing opportunity to own both. Deep water cove (still has water for a dock), perched on a peaceful cove offering phenomenal lake views. Design your own custom residence on this very special lot. Now lets talk about the location, quick trip to Lakeway Marina, restaurants, clubs, world class golf, zoned for Lake Travis award-winning schools, easy access to the Hill Country Galleria, & downtown Austin's famed dining and music scene. *LOWER TAX RATE 1.9 *No HOA dues *