Completely custom home. 
Property:

• 2.2 Acres  over two lots.
• Unrestricted, but across the street from $1M homes
• One of two properties on the Sleepy Hollow Block
• 1/4 mile from the lake and boat ramp.
  
• Deeded Lake access at no cost
• Horses allowed.
• Large mature cedar and oak trees.
  

Property development / enhancements:

• 440' well drilled in 2008.  Over 190 feet of water with 25 GPM flow rate.
• New septic system in 2009
• 1000+ sqft workshop / barn built in 2008.  220V wiring.  Great for woodworking, welding, or any hobby.
  

Home construction:

• New home for 2008/2009.  Built to 2008 code as required by TRCC.
• Green home: Solar hot water heater with electrical back up, Completely 100% foam insulated.
• Upstairs and downstairs have completely separate AC systems.
• HDTV and 7.1 surround wiring to media closet.  IR repeaters.  All A/V components can be stored in a closet.  Cat 5e.
• DSL available on site.
• Floors are entirely hard wood, ceramic tile, or stained concrete. 
  
• Large "Great Room" area with a view of Lake Travis, even at currently depleted levels
• 100% passive solar water heating with electrical back-up.  100% foam insulated - you won't find homes in this price range that cost less in terms of heating/cooling electrical costs.
• 16' elevated and covered redwood deck.
• Granite counters, high end stainless appliances, convection microwave.
• Bronze plumbing fixtures.
• Dual-shower master bathroom.
  
• 850 sqft garage - more than 32' feet deep.  Store your boat or classic cars.
• Two possible laundry rooms - one at garage level which features a laundry shoot from the master bedroom.  Alternate location is pre-plumbed for laundry on the 2nd floor, if you don't like to have split level laundry.
• Large bar area with granite counter top.
• Mud/Tack shower downstairs in the garage.
• Downstairs bedroom is isolated on separate HVAC system, bathroom, and closet.  Good for Mother-in-law or isolated rental apartment.  Wide doors for wheelchair access.

Beautiful area that will appreciate - higher end builders have been building in the area recently and continued appreciation is expected.  It's hard to find a lake view lot of this size, with mature trees, and nearby lake access with no POA/HOA fees or restrictions.