Tucked away in the highly sought-after Valley Lake Hills community, this rare Dripping Springs property offers the best of Hill Country living with **two separate dwellings on a spacious .44-acre double lot**-ideal for multigenerational living, income potential, or added flexibility. Short term rentals allowed. The **main residence** features 3 bedrooms, 2 bathrooms, and approximately 1,239 square feet of thoughtfully designed living space. High ceilings, stained concrete and wood flooring (no carpet), and a stunning floor-to-ceiling stone fireplace create a warm yet elevated atmosphere. The open-concept layout flows seamlessly into the kitchen, complete with granite countertops, a peninsula breakfast bar, and dining area. The private primary suite offers a relaxing retreat with a double vanity, large walk-in shower with seating, and walk-in closet. Step outside to a covered patio overlooking the sparkling pool with waterfall-perfect for entertaining or enjoying peaceful Hill Country evenings under mature trees. The **second dwelling (guest house/ADU)** adds approximately 975 square feet and is privately fenced, offering a full kitchen, living area, 1 bedroom, 1 flex space & 1 bathroom with laundry, covered patio, and dedicated carport. **Currently tenant-occupied on a month-to-month lease**, this unit presents an immediate income opportunity or flexibility for future use. Additional highlights include a water filtration system, expansive outdoor space, and access to community amenities such as a lake and playground. Located within the highly acclaimed Lake Travis ISD and just minutes from major roadways, dining, shopping, and the Hill Country Galleria. **A unique opportunity to own a versatile property with built-in income potential in one of the area's most desirable communities.**