Rare opportunity on 1.61 acres offering two private living spaces with a separate entrance ideal for multi-generational living, income-producing potential, or extended guest accommodations. This versatile property delivers flexibility and function in a way that is increasingly hard to find.The main residence features two bedrooms, a full bath, and an open living and dining area that extends to a spacious deck overlooking peaceful acreage views. The attached private quarters offers its own entrance, living area with kitchenette, bedroom, full bath, and covered patio creating independence while remaining seamlessly connected. Whether youre seeking rental income, private space for family, or a live-work configuration, this thoughtfully designed layout provides options without compromise. Interior updates include stainless steel appliances, modern vanities, decorative tile, durable vinyl plank flooring, and a fresh neutral palette. Major improvements including updated electrical and plumbing, newer AC, siding, gutters, and fresh interior and exterior paint add confidence and long-term value. The 1.61-acre lot provides room to expand, entertain, or enhance further, with an existing slab already in place ideal for a future shop, garage, or additional workspace. Conveniently located minutes from downtown, dining, Texoma Medical Center, Texas Instruments, and major highway access, this property balances privacy, space, and accessibility. Assumable loan option available.