Welcome to this beautifully maintained home offering breathtaking views of Canyon Lake and a unique layout designed for flexibility and comfort. Situated on a .35-acre lot with mature oak trees and ample outdoor space, this property features two complete living areas-ideal for hosting guests, multi-generational living, or income-producing short-term rentals. The main level serves as the primary residence, featuring 2 bedrooms, 1.5 bathrooms, and an open-concept layout that seamlessly connects the kitchen, dining, and living areas. Soaring ceilings with large windows to allow for natural light, laminate flooring, and a wood-burning fireplace with blower fan add warmth and charm. Enjoy the expansive lake views from inside and from the large patio deck, accessed through double doors off the main living space. A laundry room is conveniently located just off the kitchen. Connected by an interior spiral staircase, the lower level also offers a private exterior entrance from the back patio and includes 2 additional bedrooms, 1 full bathroom, a second kitchen, dining, and living area, plus an additional laundry room. This self-contained space offers privacy and convenience for permanent living, extended stays or rental opportunities. Outside you will find two separate driveways, including boat-friendly accommodations, front and back porches to capture the views at any time of day, a storage shed and grassy yard for recreation or relaxation. HOA amenities including tennis courts, a clubhouse, and minimal restrictions. Located just minutes from the boat ramp, shopping, and dining. Short-term rentals are allowed, offering a great investment opportunity. Don't miss this rare opportunity to own a versatile, lake-view property with outstanding features and income potential in one of Canyon Lake's most desirable areas.