Significant Price Adjustment!! Stunning new construction blends modern elegance with a farmhouse aesthetic, paired with a charming, updated 1960s updated guest house in the 1990s. This 1.6-acre Lakeway property offers versatility and luxury, featuring a 4,978 sqft main home (5 beds, 5 full baths, 2 half baths) and a 1,812 sqft guesthouse (3 beds, 2 baths). The guesthouse/ADU, retaining its mid-century charm with modern updates is ideal as an MIL suite, wellness retreat or income-generating rental. The main house is designed to maximize lake views and seamless indoor-outdoor living. With the options to occupy the primary suites on both first or second level, and designed to provides easy access to the pool and entertainment space, while the second story features an expansive kitchen, living, dining areas, and a secondary primary suites each featuring spa-like bathrooms, walk-in showers, and ample closet space.The third-story balcony offers breathtaking lake views. High ceilings and a light-filled, open floor plan create a welcoming space for both entertaining and everyday living. The gourmet kitchen includes state-of-the-art appliances, custom cabinetry, and a central island that combines style and functionality. The property boasts a seven-car garage with a full catering kitchen, making it ideal for hosting events and getaways. Two large garage doors open to create an event-friendly space with surround sound. The expansive outdoor areas, including decks and patios, provide perfect spots for al fresco dining and lounging, while taking in the beautiful scenery. With direct lake access to this waterfront estate and proximity to top-rated schools in the Lake Travis ISD, shopping, dining, and outdoor recreation, this property balances serenity and convenience. Easy access to the main thoroughfares, Hill Country Galleria & downtown Austin, it offers an unmatched lifestyle in the heart of Lakeway. **(Please note bedroom/bath count and sqft total includes both homes)**