Welcome to 110 Lakewood in Burnet, Texas--an inviting 5-bedroom, 2-bath home nestled in the heart of the scenic Highland Lakes region. This property is a perfect income-producing opportunity, currently generating around $3k-$4k monthly, or an ideal forever home for someone looking to settle down in a serene environment. This charming residence offers space and comfort, featuring both a cozy living room and a family room, perfect for relaxing or entertaining. The living room boasts a wood-burning fireplace, adding warmth and character, making it the ideal spot to gather during cooler evenings with family and friends. The home includes a dining room, providing a lovely space for family meals and special occasions, making every meal feel warm. In addition to the main house, the property includes a 2-bedroom Barndo with a garage on the bottom level, offering even more potential. The Barndo is already wired and ready for a quick conversion into an Airbnb, requiring minimal additional investment. With $80,000 already poured into it, this property presents an incredible deal for those looking for something turnkey ready. Sold fully equipped and ready to go, it's perfect for anyone seeking a transition into property ownership or a lucrative rental business. The Barndo also offers flexibility, whether you choose to use it as additional guest accommodations, a home office, or even a creative studio space--the possibilities are endless. Situated just a stone's throw from the shores of Buchanan Lake, this home's prime location offers endless opportunities for outdoor activities, including fishing, boating, and enjoying stunning lake views. The nearby lake access makes it easy to embark on water adventures, while the surrounding beauty provides a picturesque backdrop for daily living. With breathtaking surroundings and modern amenities, don't miss out on this rare find--whether as a peaceful retreat, a family home, or an investment property, this gem won't last!