Two homes with a combined 5 bedrooms and 4.5 bathrooms! One remarkable Hill Country estate. Set on 3.14 tree-covered acres, 85 Rio Colorado offers a rare opportunity to own two fully functioning residences on one property. With a combined 4,503 square feet, this estate is ideal for multi-generational living, long-term guests, or live/work flexibility. The 3,344-square-foot main residence features three bedrooms, two and a half baths, an open floor plan with tall ceilings and crown molding, multiple living areas, a dedicated study, and dining room. The kitchen offers oak cabinetry, Quartz countertops, a built-in oven, and a breakfast nook overlooking the peaceful backyard where native wildlife is often seen. The split-bedroom layout provides privacy, with the primary suite featuring dual vanities, a soaking tub, walk-in shower, and walk-in closet. The separate 1,159-square-foot residence is a complete second home with its own kitchen, living and dining areas, two bedrooms, and two full baths. Both homes share access to the enclosed pool. Two oversized garages accommodate up to four vehicles, and the upgraded electrical panel includes a generator transfer switch. WaterStone residents enjoy two private Guadalupe River parks with swimming, fishing, picnic areas, a pavilion, and pickleball courts. A rare opportunity to own two complete homes in the Texas Hill Country. *Please note select photographs have been virtually staged. Digital enhancements include updated wall colors, painted trim, baseboards, ceiling beams, crown molding, and select furnishings where indicated. Room dimensions, layout, and architectural features remain unchanged. Images are clearly identified, the home is currently on the market without any of these illustrated changes.*