Nestled in gated Ridge Harbor on the south shore of Lake Travis, this 2.8-acre property combines substantial existing improvements with space to evolve over time. The approx. 3,872 SF heated/cooled structure includes 5 bedrooms, 3 full baths, and a large garage/workshop with room for vehicles, boats, RVs, tools, equipment, hobbies, and storage. Its generous square footage and flexible layout create options for multigenerational living, work, recreation, and future rental use. Priced below the cost to recreate comparable finished space and improvements today, the property offers exceptional value. Beyond the existing structure, a future residence could be positioned behind a mature cedar grove for added privacy or selectively cleared for a more open estate-style setting. A separate water and sewer tap are already in place, giving future construction a meaningful head start. Current driveway access is directly from the county road, with future access also potentially available from within gated Ridge Harbor. The community offers private Lake Travis access, two boat launches, marina, pool, tennis, and pickleball. Per HOA, minimum home size is 2,500 SF, and the property may be eligible to be subdivided. A favorable 1.32% tax rate adds to the appeal. Located near the growing Thomas Ranch master-planned community and its expanding residential and commercial development, with convenient access to golf, wineries, breweries, hiking, fishing, Muleshoe Bend Recreation Area, Lakeway, Bee Cave, Marble Falls, and Austin. Whether used as-is, expanded over time, or paired with a future custom residence, this is a rare opportunity to secure substantial finished space, usable acreage, Lake Travis access, and infrastructure already in place.