Recently repositioned at less than $780 per square foot, this architecturally distinctive Lake LBJ waterfront residence offers exceptional value for newly constructed luxury waterfront living in Horseshoe Bay. Positioned on channel waterfront beside the mouth of Applehead Island's scenic lagoon, the property benefits from constant water exchange, tranquil water views, and quick access to open water. Inside, a soaring marble fireplace anchors the open great room while expansive windows fill the home with natural light and frame the waterfront setting. The chef's kitchen features two-tone cabinetry, quartz counters, muted gold accents, and a full Thermador suite including range, integrated refrigerator, freezer, and wine cooler. Glass walls open to a covered patio with outdoor kitchen, fireplace, pool, private boathouse, and sun deck, creating a complete waterfront entertaining experience. The main level includes a guest suite and lakeview primary retreat with spa bath, wet room, slipper tub, and water closet. Upstairs, a second living area with wet bar connects to a bunk room, two additional bedrooms, and two baths. A rare three-car garage and low-maintenance xeriscape landscaping complete a home equally suited for full-time or lock-and-leave waterfront living. Agents Roy & Jan Busse are partners in Moon Isle LLC, owner and seller of 98 Wennmohs, Horseshoe Bay, TX.