A truly rare opportunity to own one of the most unique waterfront ranch properties in the highly sought-after Grandview area. Set on 23+ ag-exempt acres with exceptional frontage along a large Soil Conservation Service reservoir, this custom estate offers a combination of water, privacy, mature oaks, usable pasture, and quality improvements that is seldom found in Johnson County. A gated entrance with cattle guard welcomes you down a picturesque tree-lined drive to the custom stone and brick residence, thoughtfully positioned to capture breathtaking water views. The property's defining feature is its extensive shoreline, private dock, and winding stone pathway to the water's edge, creating a setting that feels more like a private retreat than a traditional ranch property. Whether fishing from the dock, watching wildlife along the shoreline, or enjoying spectacular Texas sunsets across the water, the setting is truly exceptional. Designed for both entertaining and everyday ranch living, the outdoor amenities include a resort-style gunite pool with diving board and sun shelf, natural landscaping, and a cathedral-ceiling screened porch overlooking the water. Inside, the home features vaulted ceilings with decorative wood beams, a private office with built-ins, an oversized utility room with dog wash, and a highly desirable floor plan that includes both the primary suite and a secondary bedroom with private ensuite bath. A private upstairs guest suite with separate access, living area, full bath, and kitchenette provides ideal accommodations for guests, extended family, or multigenerational living. The ranch is fully fenced and livestock-ready with quality pasture, a loafing shed, and an agricultural exemption already in place. Combining exceptional water frontage, recreational appeal, privacy, and a premier location, this is more than a home-it's a legacy ranch property offering a lifestyle and setting that rarely becomes available in Grandview.