Rare Lake Granbury waterfront investment opportunity with incredible flexibility and income potential. Perched along a private cliffside stretch of the main body of Lake Granbury where the Brazos River meets open water, this 2025 built lake home offers a unique combination of luxury lake living, privacy, and versatility rarely found in Hood County. Designed with short-term rental, multi-generational living, or a personal lake retreat in mind, this one-of-a-kind property features a flexible dual-living layout with 5 bedrooms, 4 full bathrooms, 2 kitchens, 2 living areas, and separate entrances. The thoughtfully designed floorplan allows the home to function as one expansive residence or two separate living spaces, creating endless possibilities for guests, extended family, or additional rental income. Set on 1.35 private waterfront acres, the property captures breathtaking lake views with minimal boat traffic and direct access to the water. Outdoor amenities include a private floating dock, covered patio, balcony, RV and boat parking, storage buildings, and 35 & 50 amp RV hookups with septic connection, perfect for hosting guests, lake weekends, or extended stays. The interior showcases modern lakehouse design with vaulted ceilings, open-concept living spaces, decorative lighting, smart home features, kitchen islands, spacious pantries, built in features, and oversized walk-in closets. Every detail was designed for comfort, functionality, and effortless entertaining. Located in Lake Granbury Estates with access to a community clubhouse, pool, park, and lake amenities, this property offers a rare opportunity to own a true waterfront retreat with strong rental appeal and long-term investment potential.