Welcome to this unique opportunity in the desirable Waterwood subdivision, offering privacy, space, and incredible potential on .46 of an acre with no HOA. Surrounded by mature trees and backing to a greenway, the backyard feels peaceful and secluded with no neighbors behind.  The main home features 4 bedrooms and 1.5 bathrooms, with an additional full bathroom already started-once completed, the home can function as a true 2-bath residence. With the addition of closets in all bedrooms and flooring in one hallway, the home will feel fully finished and complete.  Enjoy outdoor living with a large covered patio, a welcoming front porch, and an additional covered patio located in the center of the backyard, perfect for relaxing or entertaining. Inside, you'll find a dedicated laundry room with built-in shelving, a closeted pantry, and a brand-new A/C unit for comfort and efficiency. The 2-car garage offers high ceilings along with an extra workshop or storage area, ideal for hobbies, tools, or additional storage needs.  Adding even more value is a separate studio dwelling built on a concrete slab. This structure is already framed with electrical wiring, sheetrock, windows, and doors installed. Once finished, it can serve as a one-room, one-bath studio with laundry and storage space-perfect for guest quarters, rental income, or a private workspace.  This property is ideal for buyers looking for space, privacy, and the chance to add value while customizing the final touches to their taste. A rare find with flexibility and future potential in a peaceful setting.