Located in the heart of Lakeway, Texas, this rare 1+ acre property offers dual zoning for both residential and commercial use, creating exceptional flexibility for development or investment. The expansive lot provides ample space for a custom home, boutique commercial space, office use, warehouse development, or a mixed-use live/work concept. With over an acre in a highly desirable Lakeway location, the property presents a unique opportunity for those seeking both land and versatility. The site features an existing manufactured home and an RV pad equipped with necessary hookups, offering immediate functionality for residential occupancy, office use, or interim operations during future development. Enjoy scenic Hill Country views and close proximity to Lake Travis marinas, shopping, dining, and major commuter routes. The combination of size, location, and dual-use zoning is increasingly rare in Lakeway. This property presents a valuable opportunity for homeowners, developers, or investors seeking flexibility in one of the area’s most established communities.