Welcome to Cranham Chase, an extraordinary compound opportunity in the heart of Lake Austin Estates. Set on nearly three-quarters of an acre, this private, multifaceted property offers three independent living spaces, two massive garage workshops, and deeded Lake Austin access—an offering you simply cannot recreate in Austin today. Anchoring the estate is a beautifully restored 1940s bungalow, moved from Driftwood and thoughtfully reimagined while preserving its original character. Classic pine floors, timeless trimwork, and a charming front porch pair effortlessly with modern updates, creating a warm and welcoming three-bedroom retreat. A separate studio-style garage apartment provides flexible living for guests, work, rental income, or multigenerational needs. With its own kitchenette and private entrance, it functions as an independent residence while remaining connected to the flow of the property. Toward the rear of the estate, a fully cedar-wrapped barndominium serves as the third living space. This striking structure features a studio suite above and a garage below with soaring ceilings, designed to accommodate car lifts, boats, equipment, or a full workshop. For collectors, creatives, or hobbyists, it offers a level of space and utility rarely found in central Austin. Together, these structures create a property with true compound potential—ideal for investors, extended families, or those seeking a live-work-create environment surrounded by nature. Bordered by green space and tucked away in a quiet corner of the neighborhood, Cranham Chase feels private and secluded while remaining minutes from Austin’s most desirable amenities. With three living spaces, two expansive workshops, and land that invites future vision, Cranham Chase represents a rare and valuable opportunity in Lake Austin Estates.