1702 Lone Oak Dr, Leander, TX 78641

Property Description

An extraordinary, highly versatile live-work property in a prime location right off Highway 183 and Crystal Falls Parkway. Spanning three combined lots with mature oak trees and no HOA, this site offers endless potential for homeowners, business owners, and investors alike. The commercial lot features high-visibility frontage on Crystal Falls Parkway and includes a dedicated garage building equipped with 240V power and its own separate electric meter ready for commercial use or business operations. Commercial lot is zoned GC-3-C. Other 2 lots are residential. See Supplemental Docs for zoning info. The single-story main residence sits on two adjoining lots and showcases ceramic tile flooring throughout. The primary layout includes a welcoming living room with a fireplace, formal dining room, kitchen with included appliances, plus a spacious primary suite complete with its own private fireplace. Two additional bedrooms are split between the main home and the attached addition, bringing the residential count to three total bedrooms and a two-car garage. Connected by a interior entryway but also featuring a fully independent exterior entrance, the flexible attached apartment addition can easily be partitioned off for immediate rental income or multi-generational living. This expansive wing boasts a full bathroom/shower, a private bedroom, two dedicated home offices, and a massive game room housing an indoor non-functional hot tub ready for custom re-imagining. Meticulously maintained in original condition, the structures are in solid shape with no roof or foundation issues noted, alongside an AC system approximately five years old and 240V power at both the house and commercial garage. Combining high-exposure commercial potential, passive income streams, and residential space on a spacious tree-lined site, this property is a truly rare find with exceptional upside.