A rare opportunity to own 23.95 unrestricted acres in Fredericksburg, featuring both sides live water frontage on spring-fed Bear Creek with a private swimming hole. The 2,513 sq ft residence, built in 1990, is designed for function and taking in the views. A durable metal roof protects the two-story structure, which features a combination of stone and siding. The main level features hardwood floors and a vaulted great room anchored by a floor-to-ceiling limestone fireplace and built-in shelving. The open layout connects to a functional kitchen with oak cabinetry, a breakfast bar, and an adjacent dining area with French doors leading to a deck outside. The primary suite is conveniently located on the main floor and includes a full bath with a separate vanity area and direct access to the lower deck. A half bath downstairs for guests. Upstairs, two spacious guest bedrooms share a full bathroom and each offer access to a private second-story balcony for elevated Hill Country views. Outdoor living is prioritized with extensive multi-level wood decking wrapping around the home, providing multiple spaces for entertaining or quiet observation of the surrounding landscape and abundant wildlife. With no restrictions, this property offers endless potential.