Situated in the heart of historic downtown Round Rock, this premium mixed-use property offers exceptional flexibility with Commercial C-1 zoning, allowing for both residential and commercial use (Sec. 2-35 Permitted Uses in Commerical Districts) . Featuring a significant price reduction and a recently updated interior, this turnkey opportunity is ideal for investors or owner-users seeking immediate value in a high-demand location. This inviting 4-bedroom, 1.5-bath home is well arranged to support both comfortable living and a flexible office setting. The layout easily accommodates private workspaces or meeting areas while maintaining a warm, residential feel, and includes ADA-accessible features for added convenience and usability. A welcoming main living area flows into a functional kitchen with adjoining dining or flex space, creating a seamless environment for both daily living and professional needs. The property includes three dedicated parking spaces, along with additional driveway parking for two or more vehicles and convenient street parking—an exceptional advantage in the downtown area. The beautifully shaded lot is enhanced by five mature oak trees, offering a serene and inviting outdoor setting. Ideally located with easy access to Interstate 35, State Highway 45, and State Highway 79, and approximately 30 minutes from Austin and Austin-Bergstrom International Airport. Positioned within a walkable, revitalized district experiencing ongoing growth and city investment, this property presents a rare opportunity to own a versatile live/work space in one of Central Texas’s most desirable markets.