Location, location...location! This rare find boasts everything desireable in a waterfront home on Lake Granbury--walk-out water on large quite lagoon...that's also an easy walk to the historic Granbury Square. This charming 3 bedroom 2 bath home is situated on a tranquil cove of Lake Granbury with easy access to main lake and only .3 miles to the Square. This home is perfect for entertaining guests or simply enjoying lake life and a great location to enjoy everything the Granbury Square has to offer...dining, shopping, entertainment as well as the parades and fireworks! This single story home features a primary bedroom with a well-appointed en-suite and walk-in closet. The kitchen, dining room and living room have an open concept with stunning views of the lake. Kitchen has stainless steel appliances and includes a double oven and gas cooktop. Home is south facing so you will enjoy beautiful sun-rises and cool evenings with the sun setting behind you while enjoying all the wildlife that surrounds you. New LED recessed lighting recently installed. New carpet in all bedrooms in October 2024. New interior paint throughout in November 2024. Seawall was rebuilt in December 2024. New high-end aluminum dock and boat lift with storage closet was installed in December 2024 and features long lasting, easy to maintain Trex decking.  New Class 4 roof and gutters were installed in July 2025. Shared storm shelter in cul-de-sac and community irrigation (from the lake). Don't miss the opportunity to make this exceptional property your new home...or this home would also be a great short term rental investment and has been approved by the city of Granbury.