Outdoor paradise in the aptly named private subdivision of Shangri La. 67 feet of open water on a wide section of the Colorado Arm of Lake LBJ. Amazing landscaping with multiple porches, decks and terraces including a large deck over the water and a lake sprinkler system. 3/2.5, approximately 2028 square foot home built in 1999 with many upgrades. Ideal floorplan includes great room in the center of the home, master suite on one side and guest rooms/bath on the opposite side. All limestone construction with tall ceilings, 2-car garage, and tons of windows and doors to the water side. 1/2 acre includes lot across the street for additional storage or a guest house. Outstanding dock with two large 25-foot boat lifts, storage room, and double jet-ski ramps. Home is completely out of the flood-plain which is rare on the Colorado. Great efficiency with heat-pump, insulated windows, and well insulated attic and walls. Motivated seller has reduced price $173K. This is your opportunity for a perfect lakehouse.