FOR SALE OR FOR LEASE! Positioned on an extraordinary waterfront homesite in Heath, 517 Pine Island Circle offers a rare opportunity to own a private estate where luxury, recreation, and everyday living come together in an unforgettable setting. Spanning approximately 1.5 acres, the property is surrounded by mature trees and showcases sweeping views of a private stocked lake, creating exceptional privacy while enjoying the convenience of a desirable lakeside community. With more than 7,100 square feet of combined living space, the estate includes a main residence, fully equipped guest house, and separate studio retreat. The home features rich wood flooring, multiple living and entertaining spaces, a dedicated office, game room, media room, and a luxurious primary suite with a spa-inspired bath, custom closet system, and secure walk-in safe room. The chef's kitchen features professional-grade appliances, custom cabinetry, generous storage, and multiple pantry spaces. Expansive windows frame water views and fill the home with natural light. Designed to embrace its setting, the property offers covered outdoor living areas overlooking the water. Two private fishing piers extend into the stocked lake, allowing you to enjoy fishing, wildlife, and waterfront living right outside your door. Beyond the living spaces, car collectors, boating enthusiasts, entrepreneurs, and hobbyists will appreciate the impressive workshop, detached studio or mancave with kitchenette and full bath, and extensive garage capacity rarely found in residential properties. The guest house also features a full kitchen, utility room, and additional garage spaces, creating a true estate compound. Located just minutes from Lake Ray Hubbard and within acclaimed Rockwall ISD, 517 Pine Island Circle represents a rare combination of waterfront beauty, privacy, versatility, and craftsmanship. Opportunities to acquire an estate of this caliber and uniqueness are few and far between.