Rare and exceptional opportunity to rebuild your dream home with endless gorgeous views of the Hill Country including Mount Bonnell, Cat Mountain, Ladera Norte and along the Capitol of Texas Hwy 360. Originally a 2-story, 2,367 sqft with 4 bedrooms and 2.5 baths, this home is perched on one of Lakewood's most desirable streets. Low maintenance living with a backyard that opens to the greenbelt and neighborhood landmark and dried Lakewood Lake. Main floor sustained significant damage from a fire that has been mitigated while the downstairs has been cleaned and prep'd for construction as well. Incredible location right off Capitol of Texas Hwy. 360 with easy access to 183 and Mopac. Less than 20 minutes to downtown, 10 minutes to the Domain and 5 minutes to the Arboretum. Located in the AISD school district and feeds into award winning and coveted Hill Elementary, Murchison Middle and Anderson High School (baccalaureate program). Engineering reports stating the home is structurally sound are attached as is the fire department report. Architectural drawings expanding the interior and exterior living space and designed with 8 ft windows and 10 ft ceilings throughout the home and 3D renderings have been completed and can be added in addition to the sale if interested. A contractor has reviewed the property and plans and is available to proceed with construction if interested. Additional photos are available upon request. Serious inquiries only please. DUE TO THE CONDITION OF THE PROPERTY, THERE IS NO ACCESS TO THE PROPERTY WITHOUT WRITTEN PERMISSION AND THE SIGNED WAIVER.