Main house built 2001 with breezeway connecting cottage on a panoramic, 5 mile UNOBSTRUCTED open water view on nearly 300' peninsula of Shaw Island, Lake Buchanan with views of Rocky Point, Buchanan Dam, Black Rock and the shoreline toward Llano. This beautiful and meticulously maintained property features waterfront enjoyment attributes like the oversized screened porch, bright and inviting sunroom, sculpture garden with meteorological devices to track weather patterns, wind velocity and lake stats. Boat barn storage and oversized garage house all the lake necessities! And the concrete ramp, fish cleaning station, and wide open extensive lot will accommodate the whole tribe for endless entertaining. Two of the four WF lots could be a resale or new build site. The main house has an open concept living/dining to kitchen with banks of windows, expansive master with ensuite bath, extensive walk in closet, discreet storm/safe room, dedicated office and powder bath. Across the breezeway, the cottage has a full, vintage kitchen with breakfast bar, cheery, watercolored cabinetry, living space with glass doors and windows for a complete lake experience at all times; 3 bedrooms, 1.5 baths and a brightly lit lakeside sunroom. Sustainability features include above ground gasoline storage and two bulk water storage tanks. For weekend or lifetime island living, or a lucrative short term rental investment opportunity just 1.5 hours from AUS airport, 2 hours from SAT, nothing else compares!