The P.O. Elzner Home is a stunning historic treasure nestled along the Colorado River in the heart of charming downtown Bastrop. Originally built with timeless craftsmanship, this property has been thoughtfully expanded and modernized while preserving its historic charm. In 1999/2000, the home was transformed to serve as a bed and breakfast, adding to its unique story and versatility. The original home showcases longleaf pine floors, a gorgeous stained-glass front door, and elongated double-hung windows that flood the space with natural light. It's iconic gingerbread porch detailing adds a whimsical touch, perfectly complementing the home's historic character. Three beautifully appointed ensuites in the original structure offer comfort and charm, with bedroom suites that convey with the sale. The addition features a spacious, modern kitchen, an inviting living area, and a luxurious primary suite on the main level. The lower level includes two generous rooms, one complete with a full bath. A standout feature of the property is the expansive 1,000+ sq. ft. of covered upper and lower porches, perfect for enjoying breathtaking sunsets and serene views of the Colorado River. Beyond the main residence, this property offers two cottages. Cottage A, built in 1981, is a 680 sq. ft. 1-bedroom, 1-bath retreat with a private deck overlooking the sprawling backyard and river. Cottage B, built in 1970, is 444 sq. ft. and features a quaint front porch, complete with gingerbread detailing. With direct access to the Bastrop River Walk and Colorado River, this one-of-a-kind property is a true gem in Central Texas, seamlessly blending historic allure with modern conveniences. Whether you're looking for your next home, a hospitality venture, investment property or a serene escape, this exceptional property offers endless possibilities. Don't miss your chance to own a piece of history in the heart of Bastrop.