Incredible investment opportunity on the constant level Lake LBJ in the Austin Hill Country. There is a 50% Ownership Option for $9.3M or 100% Ownership Option for $18.6M, both below current market value. This amazing opp is perfect as a high demand EVENT VENUE for weddings, wedding receptions, corp retreats, family reunions, family & friend's getaway as well as an income producing vac rental opportunity. This gated 4.3+/- acres consists of 10 newly constructed modern farmhouse single family homes ranging from 2932 to 3429 sqft with 4 & 5 bedrooms, prof designed & furnished (4 of the 10 furnished & the remaining 6 can be) & sleep 12-15 people per residence. The houses each boast the finest in materials incl hardwood floors, quartz counter tops in the large kitchens & bathrooms, custom finishes, King size beds in bedrooms & one bedroom as an over-the-top bunk room, laundry rooms upstairs as well as downstairs a private splash pool in each fenced private yard. The community features a regulation pickle ball court, also with use as a basketball court, a covered pavilion with grills, flat screen t.v., dining areas, lounging areas as well as uncovered lounge areas, all under the towering oak shade trees & overlooking the lake. The highlights of course are the 8 boat slips & a slip for jet skii's & easy access for kayaking & stand-up paddleboards. Tucked in a cove right off open water makes this a highly desirable & user-friendly watersports haven. The Cove at LBJ is also minutes from worldclass golfing.