An incredible waterfront estate located in the heart of New Braunfels. This 3500 sqft Estate Home is accompanied by 5 Residential Rental units located on the Guadalupe River. The property sits well above the river and is NOT in the flood plain. The entire embankment has a cemented terraced structure allowing for access down to the dock for your boat, swimming, tubing or fishing. The primary residence is a two-story home which features 2 bedrooms downstairs and 3 bedrooms upstairs, 2 1/2 bathrooms downstairs and 2 bathrooms upstairs. There are kitchens on both levels, as well as living areas on each level. Glassed-in porches with views are located on both levels. The primary residence has been used for short term rentals and as long-term rentals. In addition to the primary residence are 5 rental units. Four of the rentals are 1 bedroom and 1 bath at 600 sqft each, while the 5th unit is a larger 800 sqft efficiency unit. Both the rental units and the primary residence have a large open patio area with views of the area and river. As you drive into the .97-acre lot, you have multiple garages and covered parking. The majestic Oak trees provide for a nice setting on this large .97-acre riverfront lot.