Conveniently located just under 15 minutes from downtown New Braunfels, this gated two-unit property is positioned on the waterfront of Lake Dunlap and offers exceptional flexibility for investment, short-term rental income, or multi-generational living. Unit 1(Upstairs) features a 3-bedroom, 2.5-bath layout, while Unit 2(Downstairs) offers a private 2-bedroom split floor plan with 2 full baths, creating the perfect setup for dual rental income, guest accommodations, or owner occupancy. Enjoy lake views, mature shade trees, multiple outdoor entertaining spaces, and direct access to boating, jet skiing, and waterfront recreation. Key highlights include: waterfront on Lake Dunlap, Unit 1 with 3 beds and 2.5 baths, Unit 2 with 2 beds and 2 baths in a split floor plan, gated entry with multiple outdoor entertaining areas, private boat dock, and mature trees. Property has been previously listed as an Airbnb and an STR/Short-term rental.