Rare three-lot opportunity across the street from the lake in Burnet, Texas! This 3-bedroom, 2-bath home sits on two spacious lots, and the sale includes an adjoining fully fenced third lot. Together, the three lots provide an expansive outdoor area with plenty of room for recreation, entertaining, gardening, storage, or future improvements. The home needs some TLC, but it offers a solid opportunity for a buyer ready to update and make it their own. Inside, the large open living area is anchored by an impressive floor-to-ceiling stone fireplace. The spacious kitchen features abundant cabinetry, generous counter space, and a breakfast bar overlooking the main living area. Outside, mature shade trees, a large yard, covered parking, and an attached storage building or workshop add even more value and versatility. Whether you are looking for a full-time residence, weekend getaway, renovation project, or investment property, this unique three-lot property offers space, flexibility, and a desirable lake-area location near boating, fishing, waterfront parks, and everything Burnet has to offer.