701 Oakwood Ln Rare opportunity in Sunset Canyon featuring a beautifully renovated 5-bedroom main home plus a fully independent 1-bedroom apartment with its own kitchen, living room, bath, and private entrance. Ideal for multi-generational living, long-term guests, a private home office, or rental income potential. Situated on a flat, fully fenced 1.48-acre lot with majestic oak trees, extensive upgrades, and nearly 4, 900 sqft. of total living space. Step inside to a light-filled main level where the living room w/ a cozy fireplace flows effortlessly into a formal dining room & a beautifully remodeled kitchen designed for gathering. Large windows frame peaceful backyard views, while a powder bath & dedicated laundry room add everyday convenience. The main-level primary suite is a true retreat, tucked away for privacy & overlooking the serene backyard. Complete w/ a spacious ensuite bath & an oversized walk-in closet, it's designed to feel like your own personal sanctuary. Upstairs, a second living area w/ its own fireplace creates the perfect flex space for movie nights, play, or relaxation. Four generously sized secondary bedrooms & two full bathrooms provide plenty of room for everyone. And then, the bonus you didn't know you needed-a fully renovated 1BR/1BA guest apartment w/ a full kitchen & spacious living area, privately connected by a covered deck. Out back, enjoy a covered patio overlooking the spacious yard & stunning oak tree ideal for quiet mornings, entertaining, or simply unwinding. The three-car garage adds the finishing touch, offering both function and flexibility. Nestled in sought-after Sunset Canyon, this home blends Hill Country serenity with everyday convenience. Located along Highway 290 with easy access to Austin and zoned to the highly acclaimed Dripping Springs Independent School District, this neighborhood is known for its space, quality, and community.