Rare opportunity on 1.61 acres offering two private living spaces with separate entrance — ideal for multi-generational living, income-producing potential, or extended guest quarters. This versatile property combines flexibility and functionality in a way that is increasingly difficult to find. The main residence features two bedrooms, a full bath, and an open living and dining area that opens to a spacious deck overlooking peaceful acreage views. The attached private quarters includes its own entrance, living area with kitchenette, bedroom, full bath, and covered patio — providing independence while remaining connected. Whether you are seeking rental income, a private space for family, or a live-work setup, this layout delivers options without compromise. Thoughtful interior updates include stainless steel appliances, modern vanities, decorative tile, vinyl plank flooring, and a fresh neutral palette. Major improvements such as updated electrical and plumbing, newer AC, siding, gutters, and fresh paint add confidence and long-term value. The 1.61-acre lot offers room to expand, entertain, or create additional improvements, with a slab already in place for future use. Located minutes from downtown, dining, Texoma Medical Center, Texas Instruments, and major highway access, the property provides convenience while maintaining privacy and space. Assumable loan available.