This rare Texas Live Water river ranch blends luxury living w outdoor recreation on approx 515.93 acres & approx 2.8 miles of Colorado River frontage, just 30 min S of Brownwood and 2.5 hrs E of Ft Worth. Paved county road leads to a private gated entry, where heritage oaks guide you to the main residence: 3 bedrooms, 2.5 baths, office, formal dining, oversized laundry, & game room w bar, shuffleboard & stools, all conveying. A 1-bd, 1-ba garage apt and separate 2-bd, 2-ba hunter’s cabin provide additional residences. A wide wraparound porch captures sunset views over the Colorado River. The chef’s kitchen features granite countertops, dbl ovens, 5 burner cooktop, custom cabinetry & oversized walk-in pantry. The living room features high ceilings, crown molding and white stone fireplace. The primary suite has cathedral ceilings w exposed beams, spacious bath & steel-door walk-in closet for added security. Generac standby generator conveys. The updated hunter’s cabin includes a large living room, 2 fireplaces, full kitchen w SS appliances, 2 dining areas and game room w bar, shuffleboard & wall games—all conveying. Also washer dryer room, mudroom & storm cellar just steps away. Firepit & BBQ smoker convey. Designed for recreation and operations, the ranch offers a 150-yd shooting range w pro targets, fishing, canoeing, hunting & boating. Five deer blinds & feeders strategically placed throughout the property. Infrastructure includes 2 barns, storage bldgs, cattle squeeze chute, horse corrals, tack rm w AC & heat, deer cleaning station, 3 kennels & RV hookups (50 25 amp w water & sewer). Property is served by community water, 2 wells & river pump w irrigation spigots. High-speed fiber optic internet available at both homes. Majestic oaks, pecans & mesquites line ranch roads leading to the river’s edge. This ranch offers the ideal mix of luxury, recreation & operational capacity, perfect as a private retreat, family estate or working cattle equestrian property.