THREE HOMES IN ONE! This exceptional multi-generational property sits on over half an acre just 1 mile from TXST Universityand 1.5 miles from charming downtown San Marcos. Recently renovated with energy-efficient windows, spray foam insulation,upgraded HVAC, 3-year-old roof, 2-year-old water heater, fresh paint, and beautiful wood-tile and bamboo flooringthroughout. The new kitchen showcases striking dragonwood butcher block countertops, a custom walnut island withchalkboard paint, modern appliances including wall oven and flat top griddle, and abundant storage. The great room featuresa floor-to-ceiling wall-length stone hearth, marble sitting area, and beamed vaulted ceiling that gives the home its sought-after groovy mid-century vibe. The front porch and windows provide beautiful sunset views of the Texas Hill Country. Themain house includes 3 large bedrooms with 3½ new bathrooms, two of which are en-suite with walk-in showers. The turnkeyAirbnb opportunity encompasses a separate private guest house and an attached mother-in-law suite with its own entrance,Victorian-inspired design, kitchenette, full bath, and separate AC system. The outdoor oasis features a magnificent 15,000-gallon pool with new filter, shaded cabana, fully fenced backyard, and majestic oak and red cedar trees. The property includesnative Texas landscaping, two-car garage with RV power hookups, compost bin, and additional storage. Make this 5 bedroom,6 bath property with 3 kitchens, 3 living areas, 3 separate outdoor areas, and private pool your family compound for yourparent and college student child, or rent out one of the 2 apartments for extra income. With friendly neighbors, visiting deer,and Schule Canyon walking trail nearby, this sanctuary perfectly blends luxury, functionality, and natural beauty.