703 Palos Verdes Dr Rare opportunity in one of Lakeway's most established and sought after neighborhoods. Tucked away on a secluded oversized lot surrounded by mature trees and luxury properties, this custom one story home offers exceptional privacy, character, and endless potential. Positioned in the heart of old Lakeway, this property provides a rare chance to create a truly spectacular retreat in an area where properties with this level of privacy and lot size are becoming increasingly difficult to find. Spacious living areas, generous layout, and incredible natural surroundings provide the perfect canvas for reimagining the home into a stunning luxury residence while preserving the warmth and charm of its established setting. Whether restoring its original character or creating a completely updated custom estate feel, the possibilities are extraordinary. Conveniently located near Lake Travis, golf courses, marinas, dining, shopping, and highly acclaimed Lake Travis ISD schools. Rarely do opportunities like this become available in such a premier location.