This is a remarkable opportunity to transform a unique property in The Courtyard, near the iconic Pennybacker Bridge. The property's value add potential is great and is priced accordingly based on as-is condition and need for updating. A two-story entry invites you into a bright and spacious living/dining area featuring a vaulted ceiling, expansive windows, a striking floor-to-ceiling fireplace with built-ins. The open kitchen and family room offer potential for customization. The main level includes a primary suite, guest bedroom and bath, and laundry room. Two additional bedrooms and a full bath are upstairs. As a resident of The Courtyard, you'll enjoy gated access to a private HOA waterfront park along the Bull Creek tributary of Lake Austin, with a day dock, playscape, picnic area, hiking/nature trails, and kayak/canoe storage. Membership to the nearby Courtyard Tennis & Swim Club is also available, offering tennis & pickleball courts, a swimming pool, and fitness facilities. Low tax rate and & located in Austin ISD (Highland Park Elementary, Lamar Middle, and McCallum High). Don't miss your chance to secure a home in this prestigious, amenity-filled community - and make it your own!