Experience the potential of "The Lakehouse", a Hill Country property offering both residential and commercial opportunity. Perfectly positioned on Park Road 37 near Medina Lake State Park, this versatile property fronts a high-traffic road, making it ideal for business ventures or investment income. Set on just over half an acre (.568 acres) with a partial view of Medina Lake, the property includes a main home and a guest house-both ready for restoration or creative repurposing. The main house features 2 bedrooms, 1 bathroom, a foyer, covered front entry and a bonus room. The guest house adds flexibility with 1 bedroom and 1 bathroom, ideal for short-term rentals, a studio, or extended family use. With a fenced yard, ample off-street parking, and a private water well with two water storage tanks, the foundation is in place for multiple possibilities. The property's history adds to its appeal-it has previously served as a residential rental and, before that, a local restaurant. Whether you envision reviving its commercial past, developing a VRBO or weekend retreat, or crafting a full-time lakeside residence, this property delivers a unique opportunity to create something truly your own in the heart of the Texas Hill Country.