Two homes. One exceptional Hill Country estate. Set on 3.14 tree-covered acres in the gated community of WaterStone near Boerne, 85 Rio Colorado Drive offers a rare opportunity to own two fully functioning residences with an enclosed pool on one property. With a combined 4,503 square feet of living space, this estate provides exceptional flexibility for multi-generational living, long-term guests, live/work arrangements, or those seeking additional private living quarters.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, formal and family living areas, a dedicated study, and a dining room designed for entertaining. The kitchen showcases timeless 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 design offers privacy, with the spacious primary suite featuring dual vanities, a soaking tub, walk-in shower, and generous walk-in closet. The vaulted living room is filled with natural light and overlooks the enclosed pool and patio, creating a seamless connection between indoor and outdoor living. The separate 1,159-square-foot residence is a complete second home with its own kitchen, living room, dining area, two bedrooms, and two full bathrooms, allowing occupants to enjoy independent everyday living while remaining just steps from the main residence. Both homes share convenient access to the enclosed swimming pool for year-round enjoyment. Two oversized garages provide parking for up to four vehicles along with generous storage or workshop space. An upgraded electrical panel includes a generator transfer switch for added peace of mind during power outages. WaterStone residents enjoy access to two private Guadalupe River parks featuring swimming, fishing, picnic areas, a pavilion, and pickleball courts. Conveniently located just minutes from downtown Boerne with easy access to San Antonio and the scenic drive to Fredericksburg, this unique property combines the beauty of the Texas Hill Country with the uncommon advantage of two complete homes on one remarkable estate. **Please note that select interior 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. These images are clearly identified, and the home is currently on the market without any of these illustrated changes.**