The P.O. Elzner Home is a remarkable historic gem in the heart of charming downtown Bastrop. Rich in history and full of character, this iconic property blends timeless craftsmanship with a thoughtful home additionoffering unmatched versatility, charm, and potential. Originally constructed with attention to detail, the home was expanded and reimagined in 19992000 to serve as a bed and breakfast, opening the door to income-producing opportunities and creative ventures. Today, it stands ready for its next chapterwhether as a full-time residence, boutique hospitality business, small event venue, or serene riverside retreat. Inside the original structure, youll find beautiful longleaf pine floors, elongated double-hung windows, a stunning stained-glass front door, and iconic gingerbread porch detailing. Three charming ensuite bedrooms offering convenience and privacy with furniture that conveys. The addition brings modern function to historic form, featuring a spacious kitchen, inviting living area, and a generous primary suite. Downstairs, two large roomsone with a full bathoffer even more flexibility for guest accommodations, work-from-home setups, or creative studio space. A highlight of the home is the expansive 1,000 sq. ft. of covered porches on both levelsideal for relaxing with morning coffee, hosting sunset gatherings, or simply soaking in Colorado River views. Beyond the main residence are two charming cottages: Cottage A, built in 1981, is a 680 sq. ft. 1-bedroom, 1-bath retreat with a private deck overlooking the backyard and river. Cottage B, built in 1970, offers 444 sq. ft. of cozy space and a welcoming front porch. With direct access to the Bastrop River Walk and the Colorado River, this property is a rare and special find in Central Texas. Whether youre dreaming of a unique home, an investment property, a hospitality venture, or a combination of all threethe possibilities here are truly endless.