Welcome to one of the most desirable opportunities in Central Texas! Located in the highly sought-after Lakewood Elementary attendance zone, this spacious 5-bedroom, 3-bath home sits on an impressive ½-acre lot — a rare find in an established neighborhood with NO HOA. Buyers are searching for low property taxes, room to spread out, and freedom to use their property — and this one delivers. There’s ample space for boat, RV, or camper parking, plus room to add a future storage building. Major updates provide peace of mind: brand new roof, fresh exterior paint, and a new privacy fence — big-ticket items already done. The functional layout offers flexibility for large households, guests, or work-from-home needs with five true bedrooms and three full baths. Love the lake lifestyle? You’re just minutes from lake access and public boat ramps, making boating, fishing, and outdoor recreation part of everyday life. This location combines great schools, convenience to town, and easy access to outdoor amenities, all while enjoying the benefits of a larger homesite. Homes offering space, updates, low taxes, no HOA, and lake proximity rarely come available together. Land. Location. Lifestyle. This one checks the boxes.