Large, gated waterfront tracts on Lake Granbury almost never come to market, and 5400 Fall Creek Hwy is a true once-in-a-generation opportunity. The property spans 16.79 park-like acres with 418 linear feet of main-body shoreline, so you get open water, room to spread out and wide sunset views across the lake. A 12,403-square-foot contemporary estate anchors the land. It can be renovated into a private lakefront residence or used as the centerpiece of a larger plan. The scale opens up a long list of uses: a boutique resort or lake lodge, a luxury short-term rental retreat, a wedding and event venue, a corporate retreat center, a lakeside restaurant and entertainment destination, waterfront homesites, a gated lake community, or a legacy family compound with room for guest houses, a boathouse and recreation. Main-body frontage gives direct access to the most usable water on the lake for boating, fishing and watersports, and the gated entry, mature grounds and existing improvements give a new owner a head start. With 418 feet of frontage, there is room to plan multiple docks or a waterfront amenity area, subject to Brazos River Authority approval. The property sits on Fall Creek Highway with easy access to Granbury, Hood County and the greater Fort Worth area. That’s a strong location for a destination business or a residential project in one of North Texas’s most popular lake markets. Granbury continues to draw visitors, second-home buyers and new residents, so ...
+ Read More| Listing Id: | 21434757 |
|---|---|
| List Price: | $5,495,000 |
| Property Type: | Land |
| Property Sub Type: | Improved Land |
| Status: | Active |
| Unexempt Taxes: | $36,226 |
| Lot Size Square Feet: | 669,125.1600 |
| Lot Size Acres: | 15.361 |
| Waterfront?: | Yes |
| City: | Granbury |
| County Or Parish: | Hood |
| Postal Code: | 76049 |
| Year Built: | 1983 |
| AG Exemption?: | No |
| Association Type: | None |
| Basement Yn: | No |
| Cooling: | Central Air |
| Development Status: | Other |
| Directions: | Use GPS. Gated Driveway |
| Dock Permitted?: | Yes |
| Easements: | None |
| Elementary School: | Acton |
| Elementary School Name: | Acton |
| Heating: | Central |
| High School Name: | Granbury |
| Lake Pump Yn: | Yes |
| Lot Features: | Acreage |
| Lot Size: | 10 to < 50 Acres |
| Lot Size Area: | 15.3610 |
| Lot Size Units: | Acres |
| Middle School Name: | Acton |
| Multi Parcel ID: | No |
| Municipal Utility District?: | No |
| Possession: | Closing/Funding |
| Postal Code Plus 4: | 5354 |
| Restrictions: | None |
| School District: | Granbury ISD |
| Utilities: | All Weather Road |
| Waterbody Name: | Granbury |
| Waterfront Features: | Dock Covered, Dock Enclosed, Dock Uncovered, Lake Front, Lake Front - Common Area, Lake Front Main Body |
| Will Subdivide: | No |
| Zoning Description: | Call Agent |
Listing Courtesy of: The Agency Fort Worth
Listing Agent: Bret Whitfield
(979) 229-7059
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North Texas Real Estate Information Systems, Inc. data last updated on November 13, 2026 11:01 AM - CT
Property Last Updated: November 13, 2026 11:01 AM - CT






