3D Tour Available. Priced $150,000 BELOW appraisal! This property features TWO homes, on over TWO acres, with NO HOA, on MAIN BODY of lake, with GATED entrance, & low taxes OUTSIDE CITY LIMITS. Property is a great candidate for AirBnB or VRBO with direct water access! Main home boasts 3,594sqft & the cottage offers an ADDITIONAL 2,613sqft. This one-owner gem sits on the deep water of Lake Granbury, was constructed with enduring quality on 31 concrete piers to bedrock, 6'' studs, stone walls, & meticulously maintained! Class 4 roof installed Oct 2023. Recently updated bathrooms. LOW UTILITIES with a water well drilled to 2nd Trinity (520ft), two septic systems, & all electric buildings ($260 avg utility on main home). Perched amid mature trees, you get breathtaking lake views from multiple vantage points inside & out. Cottage is currently rented with lease ending Sept. Would be perfect for guests, mother-in-law quarters, multi-gen family, or keep as rental. Mineral rights CONVEY.