Lake or ranch, lake or ranch … now you can have your lake and horses too! On SecondShelters.com, we’ve been following the luxury waterfront development The 505 Ranch on Cedar Creek Lake. The 505 Ranch has all the amenities of a posh lake community, plus equine facilities (polo, anyone?), too, and it’s only 45 minutes from Dallas. The community is now 77% sold; homesites are still available, and they’re just about to unveil a lovely spec home, too.