The P.O. Elzner Home is a remarkable historic gem in the heart of charming downtown Bastrop. Rich in history and full of character, this iconic property blends timeless craftsmanship with a thoughtful home addition—offering unmatched versatility, charm, and potential. Originally constructed with attention to detail, the home was expanded and reimagined in 1999–2000 to serve as a bed and breakfast, opening the door to income-producing opportunities and creative ventures. Today, it stands ready for its next chapter—whether as a full-time residence, boutique hospitality business, small event venue, or serene riverside retreat. Inside the original structure, you’ll find beautiful longleaf pine floors, elongated double-hung windows, a stunning stained-glass front door, and iconic gingerbread porch detailing. Three charming ensuite bedrooms offering convenience and privacy with furniture that conveys. The addition brings modern function to historic form, featuring a spacious kitchen, inviting living area, and a generous primary suite. Downstairs, two large rooms—one with a full bath—offer even more flexibility for guest accommodations, work-from-home setups, or creative studio space. A highlight of the home is the expansive 1,000+ sq. ft. of covered porches on both levels—ideal for relaxing with morning coffee, hosting sunset gatherings, or simply soaking in Colorado River views. Beyond the main residence are two charming cottages: Cottage A, built in 1981, is a 680 sq. ft. 1-bedroom, 1-bath retreat with a private deck overlooking the backyard and river. Cottage B, built in 1970, offers 444 sq. ft. of cozy space and a welcoming front porch. With direct access to the Bastrop River Walk and the Colorado River, this property is a rare and special find in Central Texas. Whether you’re dreaming of a unique home, an investment property, a hospitality venture, or a combination of all three—the possibilities here are truly endless.