Lakeside Luxury Compound Meets Hill Country Adventure

Tucked away in the tranquil Rocky Point subdivision on the shores of Lake Buchanan, 206 County Road 142 is a rare multi-home waterfront estate that blends laid-back luxury with boundless adventure. Designed for those who crave breathtaking lake views, direct access to the water, and a seamless indoor-outdoor lifestyle, this renovated property is the ultimate retreat for lake lovers, outdoor enthusiasts, and savvy investors.

Spanning two legal lots, this exceptional compound is more than just a home—it’s a destination. Whether you’re seeking a private getaway, a high-performing short-term rental, or an entertainer’s dream estate, this property delivers it all. With two beautifully updated homes, a sprawling outdoor oasis, and a massive garage / gameroom built to house all of your lake toys, every detail has been designed for maximum comfort, recreation, and convenience.

Here, mornings start with sunrise coffee on the balcony overlooking the water, afternoons are spent cruising the lake or casting a line off your private boat ramp, and evenings bring wine and laughter under the Hill Country stars. This is lake living at its finest.

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Two Stunning Homes, One Exceptional Property

This lake compound is uniquely configured with two fully renovated residences, offering the ideal setup for multi-generational living, vacation rental income, or a private lakeside escape with room to host family and friends.

House #1 – The Serene Lakefront Escape

Designed to embrace the tranquility of Lake Buchanan, this home is a peaceful retreat where the water is always in view.

The first-floor primary suite is a private oasis, a spa-like bathroom, and seamless access to the outdoors.
A mudroom and laundry area make lake life effortless, providing a space to drop sandy shoes and rinse off after a day on the water.
Upstairs, the open-concept living, dining, and kitchen area is framed by expansive windows, drawing in the shimmering lake as a natural backdrop.
The covered balcony is an entertainer’s dream, offering the perfect place to watch boats drift by and soak in the peaceful rhythm of lakeside living.
A second guest suite with an ensuite bath ensures visitors have their own private retreat after a day of outdoor fun.

House #2 – The Ultimate Lakeside Retreat

Designed with entertaining in mind, this residence is where gatherings unfold effortlessly and unforgettable moments are made.

The chef’s kitchen is open and airy, featuring abundant cabinetry, a butler’s pantry, a wine fridge, updated appliances, and a stunning oversized center island that invites everyone to gather.
The open-concept living area, warmed by a fireplace, is a cozy spot for post-lake lounging and fireside storytelling.
A guest bedroom, one and a half baths, and a laundry room are all conveniently located on the first floor.
Upstairs, a spacious game room and bunk room —featuring historic repurposed wood flooring from a Texas courthouse—is the ultimate space for movie nights, game days, and casual lounging.
The primary suite, additional guest room complete the upper level, ensuring everyone has a place to rest after a day of lakeside adventures.

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The Ultimate Outdoor Playground

Set on over an acre of prime lakefront land, this property was designed for those who live for the water, the outdoors, and the joy of hosting.

RV & Boat Garage – A massive storage space built to house an RV, boat, jet skis, paddleboards, fishing gear, and all your adventure essentials.
Multiple Garage Bays – Convertible into an open-air entertainment space, currently set up with arcade games and room to host casual gatherings.
Outdoor Kitchen & Hot Tub – Cook out under the stars, then unwind in the private hot tub with a glass of wine.
Built-In Boat Ramp & Sandy Shoreline – When the lake is full, the water meets the property’s sandy beach-like setting, perfect for wading, swimming, or launching kayaks.
RV Hookups for up to three RV's & Additional Storage – Across the street, an extra structure provides even more parking and storage for all your recreational gear.
Playground & Open Space – A dream setup for families, where kids can play while parents enjoy a sunset cocktail by the water.

This estate isn’t just about owning a home—it’s about owning an experience.

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A Smart Investment – Short-Term Rental Goldmine

For those looking to generate passive income, 206 County Road 142 is an investor’s dream in a prime high-demand short-term rental market.

Short-term rentals are fully allowed, giving you the flexibility to capitalize on the booming vacation rental market.
With two homes on-site, you can live in one while renting the other or rent both for maximum returns.
Lakefront vacation homes are highly sought after, attracting visitors year-round for fishing tournaments, Hill Country wine tours, and lake getaways.

Whether you’re looking for a weekend escape, an entertainer’s paradise, or a high-performing investment property, this estate checks all the boxes.

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Location – The Best of Texas Hill Country Living

Although this retreat feels secluded and private, it’s conveniently located near some of the best attractions in the Texas Hill Country.

Minutes from world-class wineries, hiking trails, and historic landmarks
Unparalleled access to fishing, boating, and outdoor recreation
Easy day trips to Horshoe Bay, Austin and San Antonio

Here, you don’t have to choose between relaxation and adventure—you can have both.

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The Opportunity of a Lifetime

Lakeshore Drive is more than a home—it’s a rare offering on one of Texas’ most stunning lakes, designed for those who crave a life of adventure, relaxation, and financial opportunity.

Whether you envision mornings fishing off the dock, afternoons cruising the lake, evenings by the fire with loved ones, or hosting unforgettable gatherings, this estate makes it all possible.

Schedule your private showing today and experience the magic of lakefront luxury.

Nearby Attractions:

Spider Mountain Mountain Bike / BMX park / Only Bike Gondola In Texas 

Reveille Peak Ranch - Hiking, biking, motor bikes, camping, water sports, horseback, shoot range, events

Torr Na Lochs Vineyard & Winery

Empty Pockets Fishing Guide Service

Black Rock Park

Delaware Springs Golf Course

Longhorn Cavern State Park

Location:

Eastern Shore of Buchanan Lake

14 minutes to Burnet

20 minutes to Kingsland

30 minutes to Marble Falls

90 minutes to Austin