Overview of Lakestone Terrace

Lakestone Terrace is a prestigious senior living community located in the tranquil Granbury, TX, offering independent living. The community features a wide selection of cozy and well-built accommodations including studio, one-bedroom, and two-bedroom floor plans for seniors to experience comfort and convenience like no other. With a compassionate and highly qualified team lending extra hands, residents let go of their worries and optimize their autonomy.

Enjoy fun activities and meet new friends through engaging programs conducted for leisure and wellness. Have the finest dining experience with healthy and tasty meals catering to dietary requirements and preferences. Lakestone Terrace exceeds expectations in providing a safe place for seniors to live a happy and well-rounded retirement within its stunning and serene premises.

Walk Score
Walk Score: 52 / 100 Rank #455 / 1389Walk Score — State benchmarkedThis home is ranked 455th out of 1389 homes in Texas for Walk Score. Shows how walkable this facility's neighborhood is compared to the average Walk Score across Texas facilities. Higher scores benefit residents, families, and staff.Facilities with the same value for a metric share the same rank. Rankings are based only on facilities in Texas that report data for that category. Facilities without available data are excluded from the ranking.Click the rank badge to see the full State ranking.Click here to see the full State ranking.
Moderately walkable. Some errands can be accomplished on foot, with a mix of nearby amenities.

Additional Policies & Features

Minimum Age55

Amenities & Lifestyle

Fitness Room
Library
Full-Service Beauty Salon
Game Room
Movie Theater
On-Site Shop
Lakeside Walking Paths
On-Site Boat Ramp
Activitiesdaily activities, weekly outings, Happy Hour events
Specific ProgramsCulinary

Pricing & Financial Information

Starting Price$3955 for Cottages per month
Starting Price$2095 for Independent Living per month

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What does this home offer?

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Housing Options: Studio / 1 Bed / 2 Bed

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Building Type: 3-story

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Transportation Services

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Fitness and Recreation

Places of interest near Lakestone Terrace

Address 1.1 miles from city center Info Estimated distance in miles from Granbury's city center to Lakestone Terrace's address, calculated via Google Maps.

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Financial Assistance for
Independent Living in Texas

Lakestone Terrace is located in Granbury, Texas.
Here are the financial assistance programs available to residents in Texas.

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Community Care for the Aged and Disabled (CCAD)

TX Medicaid CCAD

Age 65+ or disabled
General Texas resident, Medicaid-eligible, care need (not always nursing home level).
Income Limits (2025) ~$2,829/month 300% FBR, individual
Asset Limits $2,000 (individual), $3,000 (couple).
TX

Large state; rural access challenges.

Benefits
Personal care (5-7 hours/day) Respite (240 hours/year) Adult day care (~$60/day) Home aides

Texas Community Care Services

TX CCS

Age 60+
General Texas resident, at risk of decline.
Income Limits ~$2,000/month individual, varies
Asset Limits $5,000 individual
TX

Limited funding; high demand in urban areas.

Benefits
In-home care (3-5 hours/week) Respite (up to 10 days/year) Transportation (~5 trips/month)

Area Agency on Aging (AAA) Services

Texas AAA Services

Age 60+
General TX resident; no income/asset limits.
Income Limits (2025) None; donations encouraged.
Asset Limits Not assessed.
TX

28 AAAs; includes Meals on Wheels in some areas.

Benefits
Meals (~$5-$7/meal) Transportation Homemaker services (~4 hours/week) Respite (~5 days/year) Legal aid

Medicare Savings Program (MSP)

Texas Medicare Savings Program

Age 65+ or disabled
General TX resident, Medicare Part A/B.
Income Limits (2025) ~$2,510/month (QMB), ~$3,380/month (SLMB), ~$3,598/month (QI)—individual.
Asset Limits $9,430 (individual), $14,130 (couple).
TX

Includes Extra Help for Part D; no waitlist.

Benefits
Covers Part B premiums ($174.70/month) Deductibles ($240/year) Copays (~20%)

Family Caregiver Support Program (FCSP)

Texas Family Caregiver Support Program

Age
General Caregivers of 60+ needing care or 55+ caregivers of others; TX resident; 2+ ADLs.
Income Limits (2025) No strict cap; prioritizes low-income ~$24,980/year
Asset Limits Not assessed.
TX

High rural demand; includes grandparent caregivers.

Benefits
Respite (4-6 hours/week or 5 days/year) Adult day care ($60/day) Training Supplies (~$500/year)

VA Aid and Attendance (A&A) and Housebound Benefits

Texas VA Aid and Attendance/Housebound

Age 65+ or disabled veteran/spouse
General TX resident, wartime service, ADL help (A&A) or homebound.
Income Limits (2025) Net income < ~$1,984/month (veteran with dependent, A&A); pension offsets income.
Asset Limits ~$155,356 net worth
TX

High veteran population; supports rural/urban needs.

Benefits
Cash (~$1,433-$2,642/month veteran, ~$951-$1,318 spouse) for care costs

Property Tax Exemption for Seniors

Texas Senior Property Tax Exemption

Age 65+
General TX resident, homeowner (homestead).
Income Limits (2025) None; tax-based eligibility.
Asset Limits Not assessed.
TX

$25,000+ exemption; optional freeze in some counties; saves ~$500-$1,000/year.

Benefits
Tax exemption or freeze (~$500-$1,000/year savings)

Senior Farmers’ Market Nutrition Program (SFMNP)

Texas SFMNP

Age 60+
General TX resident, low-income.
Income Limits (2025) ~$2,322/month 185% FPL
Asset Limits Not assessed.
TX

Vouchers (~$50/season); serves ~20,000 via 28 AAAs.

Benefits
Vouchers (~$50/season) for produce at farmers’ markets

Frequently Asked Questions about Lakestone Terrace

Is Lakestone Terrace in a walkable area?

Lakestone Terrace has a walk score of 52. Moderately walkable. Some errands can be accomplished on foot, with a mix of nearby amenities.

Are pets allowed at Lakestone Terrace?

No, Lakestone Terrace has a no-pet policy.

Are there photos of Lakestone Terrace?

Yes — there are 4 photos of Lakestone Terrace in the photo gallery on this page.

What is the address of Lakestone Terrace?

Lakestone Terrace is located at 916 East Us Hwy 377, Granbury, TX 76048.

What is the phone number of Lakestone Terrace?

(620) 792-4476 will put you in contact with the team at Lakestone Terrace.

Does Lakestone Terrace provide medical or personal care assistance?

No — Lakestone Terrace is an independent living community. Residents live on their own in private apartments with access to amenities, dining, and social activities.

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