5400 Fall Creek HighwayGranbury, TX 76049Price: $5,495,000

Large, gated waterfront tracts on Lake Granbury almost never come to market, and 5400 Fall Creek Hwy is a true once-in-a-generation opportunity. The property spans 16.79 park-like acres with 418 linear feet of main-body shoreline, so you get open water, room to spread out and wide sunset views across the lake. A 12,403-square-foot contemporary estate anchors the land. It can be renovated into a private lakefront residence or used as the centerpiece of a larger plan. The scale opens up a long list of uses: a boutique resort or lake lodge, a luxury short-term rental retreat, a wedding and event venue, a corporate retreat center, a lakeside restaurant and entertainment destination, waterfront homesites, a gated lake community, or a legacy family compound with room for guest houses, a boathouse and recreation. Main-body frontage gives direct access to the most usable water on the lake for boating, fishing and watersports, and the gated entry, mature grounds and existing improvements give a new owner a head start. With 418 feet of frontage, there is room to plan multiple docks or a waterfront amenity area, subject to Brazos River Authority approval. The property sits on Fall Creek Highway with easy access to Granbury, Hood County and the greater Fort Worth area. That's a strong location for a destination business or a residential project in one of North Texas's most popular lake markets. Granbury continues to draw visitors, second-home buyers and new residents, so demand for waterfront hospitality, events and lake living keeps growing. Whether you're a developer, hospitality group, investor or private buyer who wants a legacy lakefront estate, it would be hard to find this combination of acreage, shoreline and existing structure anywhere else on Lake Granbury. Buyer to independently verify zoning, utilities, floodplain and permitted uses. Call today to schedule a private tour and see the potential in person.