Fantastic off-water lake house with deeded boat slip on the Llano Arm of Lake LBJ. Located between Boat Town and Wakepoint, this 3 bedroom, 2 bath home comes with an additional lot behind the home that protects the tremendous Lookout Mountain view off of the back deck. The home is within the tight-knit subdivision of Chaparral Estates, which features a superb waterfront common area for property owners with 155ft of open waterfront. The home itself and the extra lot are located completely out of the floodplain and this is one of a few in Chaparral Estates that was constructed with steel framing and stucco, making for low maintenance. The huge "Trex" deck has plenty of room for all of your guest and is shaded by a large oak tree. On the extra lot, there is a large storage building where you can keep your lawn equipment or lake toys. The boat slip is an easy walk down a concrete sidewalk to the lakeside. The docks were completely rebuilt in 2019; at that time, the HOA added an additional common area deck on top of the boat slips, which has vast view of the intersection of the Llano and Colorado arms of Lake LBJ. Home can be purchased fully furnished for an additional $10k. This is a great opportunity to get on Lake LBJ without the high waterfront taxes!