Welcome to this breathtaking, mid-century remodeled home in the highly sought after University Hills! This unique home offers many options with a 3 bedroom, 2 bath home AND 1 bedroom, 1 bathroom apartment. Colby Cove is located on a tree studded 0.42 acre corner lot on a private cul-de-sac. This meticulously redesigned home maintains the charm of the original 1960s's architecture with modern amenities. The open-concept living and dining area is highlighted by the beautifully restored brick fireplace and flooded with natural light from large windows and skylight. The gourmet kitchen is a chef's dream, featuring modern finishes, sleek quartz countertops, custom cabinetry, designer tile, and bar. The expansive living and dining area opens directly into the entertainment room with a wet bar and private courtyard, providing the perfect space for relaxing, hosting guests, a large office, or addition to the apartment suite. The massive master bedroom includes a large walk-in closet and gorgeous master bath with double floating vanity, custom tile work, and large walk-in shower. The apartment offers a self-contained living space, perfect for multi-generational living, guest retreat, or rental. Apartment is complete with a kitchen, bathroom, bedroom, and laundry. Apartment has its own private entrance and also adjoins the main house through the entertainment room with an option for additional square footage. The over-sized lot features mature trees, a private courtyard, patio with pergola overlooking the creek, perfect for bird watching and enjoying the tranquil sounds of nature. The property offers multiple opportunities to build an additional unit, pool or deck overlooking the creek (buyer to do own due diligence). Colby Cove is minutes from US183, US290 and I35, Mueller, HEB, and 5 miles to downtown Austin, and walking distance to bus stops. Book your showing TODAY!