Opportunities like this rarely become available! Nestled on 1.258 beautifully treed acres just moments from the heart of Gruene, this custom 3,164 square foot home blends timeless Texas character with modern comfort in one of New Braunfels' most sought-after locations. Built in 2007 with an appreciation for the rich history of New Braunfels, the owners thoughtfully incorporated reclaimed and historic design elements throughout the home, creating a residence that feels authentic, warm, and impossible to duplicate. Every detail reflects a respect for the past while offering the conveniences of today's lifestyle. Designed with accessibility in mind, the home is handicap accessible, providing enhanced comfort and ease of living for a variety of lifestyles. The spacious floorplan features 3 bedrooms, 3 full bathrooms, and a loft, with a unique third bedroom offering its own private entrance, making it ideal for guests, a home office, studio, or potential rental opportunity. Designed for entertaining, the outdoor living spaces are exceptional. Expansive patios surround the sparkling pool, creating the perfect backdrop for gatherings, summer parties, or quiet Hill Country evenings beneath the mature oak trees. The property is fully enclosed by a substantial masonry privacy wall with complementary wood fencing, creating a private retreat just minutes from everything Gruene has to offer. Additional improvements include: Resort-style swimming pool, Multiple outdoor entertaining areas,Storage buildings, Charming chicken coop, Mature trees throughout the property, Circular driveway with abundant parking. Perhaps the most valuable feature is what cannot be recreated. The property is zoned R-3 Multi-Family, offering exceptional flexibility for future investment, redevelopment, or multi-generational living opportunities (subject to City of New Braunfels regulations). Open the gate walk into Gruene Lake Village and only a short golf cart ride to the Historic Gruene District, you'll enjoy easy access to shopping, restaurants, wine bars, live music at Gruene Hall, and the Guadalupe River while still enjoying the privacy and space of over an acre. Whether you're searching for a private estate, an investment opportunity, or a property to hold for generations, 1690 Waterway Lane represents one of the most unique offerings currently available in Gruene. This isn't just a home. It's one of the last opportunities to own a significant piece of Gruene.