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 New Braunfels' rich history, the owners thoughtfully incorporated reclaimed and historic architectural elements throughout the home, creating a residence that is warm, authentic, and truly one of a kind. Designed with accessibility in mind, the home is handicap accessible, offering comfort and ease of living for a variety of lifestyles.The spacious floor plan features 3 bedrooms, 3 full bathrooms, and a loft, with a private third bedroom featuring its own entrance—ideal for guests, multi-generational living, a home office, studio, or potential rental income. Designed for entertaining, expansive patios surround the sparkling pool, creating the perfect setting for gatherings or relaxing beneath the mature oak trees.The fully fenced property is enclosed by a substantial masonry wall with wood fencing, providing exceptional privacy. Additional improvements include storage buildings, chicken coop, mature trees, and a circular driveway with abundant parking.Perhaps the property's greatest asset is something that cannot be recreated. Zoned R-3 Multi-Family, this rare offering provides outstanding flexibility for future investment or redevelopment. Step through your private gate into Gruene Lake Village for shopping and dining, or take a short golf cart ride to the Historic Gruene District, where you'll enjoy Gruene Hall, boutiques, restaurants, wineries, and the Guadalupe River. Whether you're searching for a private estate, investment opportunity, or legacy property, 1690 Waterway Lane represents one of the most extraordinary opportunities available in Gruene.This isn't just a home,it's one of the last opportunities to own a significant piece of Gruene.