Discover the potential of this unique 2-bedroom, 1-bath fixer upper property situated on approximately 0.3214 acres, offering an exciting opportunity for buyers looking for a home with character, usable outdoor space, and incredible potential for lake views. A new survey is available, providing added clarity for buyers considering future improvements or development possibilities. The cozy 742-square-foot home features a practical layout with two bedrooms, one full bath, living area, and kitchen. Large windows throughout the home bring in natural light and showcase the surrounding mature trees, wooded setting, and easterly lake views. The property also offers multiple exterior access points, an expansive covered carport, stone patios and terraces, and exterior stairways that take advantage of the property's sloping terrain. One of the most compelling features is the property's elevated setting and orientation toward the surrounding landscape. With selective tree and vegetation management, there is significant potential to further enhance lake views from the property. The property provides plenty of outdoor space for gardening, recreation, entertaining, or future improvements. The existing structures and mature surroundings create a setting with plenty of possibilities for someone looking to personalize a property near the lake. For investors, the property may also offer potential for short-term rental/Airbnb use. A new survey, lake-view potential, and a flexible property layout make 4040 Leila Lane an opportunity worth exploring. Whether you're looking for a primary residence, weekend getaway, investment property, or a property with future improvement potential, this one deserves a closer look.

Listing courtesy of Alan Hardin of Ten42 Realty, LLC



Listing information is provided by Participants of the Central Texas MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Central Texas MLS.
Last checked: 2026-09-28 12:24 AM UTC