Waterfront Lake Livingston. Waterwood is located in the Sam Houston Natl Forest on Lake Livingston & home to Waterwood Natl Golf Course-avail for play by property owners only. Amenities include a new swimming pool/pavillion area & private security. The Beach section in Waterwood Bay is steps away from the community boat launch & patio homes representing a cape cod style share a beach like area on the shore of Lake Livingston with great views.