Overlooking the sparkling waters of Lake Travis, 1005 Challenger offers stunning water views, unforgettable sunsets, and a move-in-ready, flexible floor plan-- ideal for either full-time living or weekend escapes. Complete with a private tram & recently built covered boat dock, this lakefront home makes enjoying the water effortless. One of its unique advantages is its location on Lake Travis, within a no-wake area, while still capturing expansive Lake Travis views, making it easier to dock your boat, float with friends off the dock, and enjoy the lake at a more relaxed pace. Walls of windows showcase the breathtaking views, while the expansive, covered balcony provides exceptional indoor-outdoor living. For the Golf Enthusiasts, there are multiple public & private golf courses nearby! Thoughtfully renovated & expanded, this well-maintained home features 5 bedrooms, 4.5 baths, an open-concept living area with a wood-burning fireplace, and flexible spaces including an oversized en-suite bedroom with built-ins-- ideal for an office, second den, or playroom. The open, gourmet kitchen features beautiful lake views, a large granite island, a built-in stainless-steel refrigerator, a Viking gas range, dual ovens, a Bosch dishwasher, and a bar with a built-in ice maker & sink. Travertine flooring flows throughout many living areas with 3 recently-replaced HVACs & numerous recently replaced windows. The primary suite captures lake views, features hardwoods & includes a spa-like bath with a jetted tub, separate walk-in shower, dual walk-in closets & skylights. The thoughtful layout allows for comfortable living on the main level, while the lower level provides ample space for family and guests. A 2-car garage + abundant parking make hosting easy. The covered dock, built in 2022, features a HydroHoist boat lift/ slip, storage closet, great entertaining space. Whether you're searching for a lock-and-leave lake house, weekend getaway, or primary residence, this is it!