Lakestone Terrace

Lakestone Terrace

Overview of Lakestone Terrace

Lakestone Terrace is an independent living community in Granbury, Texas, for residents age 55 and older. Independent living provides private living with community services rather than daily care, so it may suit adults seeking that arrangement. Housing includes cottages and studio, one bedroom, and two bedroom options. A studio offers one private living space, while a two bedroom layout can suit a couple moving together; one bedroom homes provide an option between those layouts. Monthly prices range from $2,095 to $3,955.

There is plenty to do on site. Residents can use the fitness room, full service beauty salon, library, game room, movie theater, and on site shop, while lakeside walking paths offer an outdoor place to walk and the boat ramp supports access to the lake. Daily activities, weekly outings, Happy Hour events, and a Culinary program create scheduled ways to spend time in the community. A Walk Score of 52 means the area is somewhat walkable, with some errands possible on foot, so a resident who no longer drives may be able to reach certain nearby destinations independently.

By The Numbers

Community insights.

Walk Score Info Somewhat walkable. Some errands can be accomplished on foot, with a mix of nearby amenities. Rank #150 / 410Walk Score — State benchmarked This independent living community is ranked 150th out of 410 independent living communities we track 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. Communities with the same value for a metric share the same rank. Rankings compare like with like: every independent living community we track in Texas that reports data for that category. Independent living communities without available data are excluded, so the pool size varies from metric to metric.
52 / 100

About This Community

Pricing & Financial Information

Price Range
$2,095 - $3,955/Month

Additional Services

1 service
Transportation Services

Additional Policies & Features

Minimum Age55

Amenities & Lifestyle

Fitness Center
Library
Salon
Game Room
Movie Theater
Walking Paths
On-Site Shop
On-Site Boat Ramp
Activities
Happy Hour Events

Room Accommodations

Building Type3-story
Room Types
Cottage / Villa

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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. Somewhat 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.

How much does Lakestone Terrace cost per month?

Pricing at Lakestone Terrace starts at $2,095 per month, with rates varying by floorplan and additional care needs.

Are there photos of Lakestone Terrace?

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

What levels of care does Lakestone Terrace provide?

Lakestone Terrace offers Independent Living.

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.

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