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.