Land with Home for Sale in Leander, Texas

Unrestricted Lake Travis waterfront estate with private dock, panoramic water views, and exceptional short-term rental potential. Located on nearly 2 acres of premier Lake Travis shoreline, this rare property offers direct lake access with no restrictive HOA limitations, making it an outstanding opportunity for Airbnb, VRBO, luxury vacation rental income, or a private waterfront compound. Designed for both luxury living and investment flexibility, the estate functions beautifully as a primary residence, corporate retreat, multi-generational family compound, or high-performing income property in the Lake Travis short-term rental market. The 7,813-square-foot waterfront compound includes three separate structures: a 5,882 sq ft main residence, a 1,259 sq ft two-bedroom guest house, and a dedicated private gym, all set on a stunning 1.98-acre multi-tiered hillside property with sweeping Lake Travis views. The main residence features four ensuite bedrooms, a fifth flexible room, private elevator, theatre room, and a dramatic great room with floor-to-ceiling windows framing the lake, along with a chef's kitchen equipped with Thermador appliances and custom cabinetry designed for entertaining. Outdoor amenities rival a private resort with a glass-view resort-style pool, firepit lounge, expansive terraces, steam sauna, and a private hillside tram leading directly to the exclusive dock and Lake Travis shoreline. The property is fully automated with Control4 smart home technology and offered fully furnished, creating a turn-key luxury lakefront estate ready for immediate enjoyment or short-term rental operation. With unrestricted use, private dock access, expansive acreage, and strong demand for Lake Travis vacation rentals, this exceptional waterfront estate offers rare lifestyle appeal combined with powerful long-term investment potential.