2309 River Road
About This Property
Imagine waking each morning to the gentle shimmer of the lake just beyond your door - no projects, no repairs, no compromises. Just the peaceful, effortless lifestyle you've earned.
Welcome home to Waters Edge, one of Granbury's most coveted waterfront communities, where this fully and flawlessly renovated residence has been thoughtfully reimagined from the studs out. Every system is brand new - Brand new Roof and Gutters in June 2026, new electrical, plumbing, and HVAC - so you can move in with absolute confidence and leave the worry behind for good. New windows flood every room with natural light while keeping the home whisper-quiet and energy efficient year-round.
Inside, the living room opens up beneath soaring vaulted ceilings, creating an airy, resort-like atmosphere that never grows old. A dramatic 12-foot sliding glass door frames your lake view like living artwork, then glides open to reveal a backyard that leads directly to the water's edge and your private boat dock. Whether it's a slow morning coffee as the mist rises off the lake, an afternoon out on the water, or a golden-hour gathering with family, this home was made for the moments that matter most.
With three generous bedrooms and two and a half bath - plus a private office that easily serves as a fourth - there's room to welcome the grandchildren, host the guests you've been promising a visit, or simply claim a quiet space of your own. And for those with vision, the attic offers nearly 900 square feet of untouched potential: a studio, a hobby room, a bonus suite - whatever this chapter of life calls for.
This is more than a home. It's the fresh start that feels like it was always waiting for you.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 9, 2026 | Sold | ||
| Sold | |||
| Jun 23, 2026 | In contract | - | |
| In contract | |||
| Jun 10, 2026 | Price Increased |
$835,000
↑ $10K
(1.2%) | |
| Price Increased | |||
| Jun 6, 2026 | Relisted | $825,000 | |
| Relisted | |||
| May 23, 2026 | In contract | - | |
| In contract | |||
Property Highlights
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About Granbury
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017