Cherished by the same family and offered for sale for the first time, this is a rare opportunity to own one of Pagosa Springs' most extraordinary waterfront homes. Perfectly positioned on a private 1.42-acre peninsula with two private shorelines and two consolidated lots. This custom 3,654-square-foot, 4-bedroom, 3-bath home offers breathtaking lake views, exceptional privacy, and an unmatched mountain lifestyle. Walls of windows showcase panoramic water views while filling the home with natural light. Warm oak hardwood floors, rich cherry cabinetry, soaring ceilings, and a cozy wood-burning stove create an inviting retreat designed for gathering family and friends. The spacious floor plan includes a large bonus room above the oversized two-car garage—ideal as a game room, bunk room, media room, home office, or guest space. Designed with the future in mind, the home offers the potential for a main-level primary suite conversion. Energy-efficient features, including passive solar design, a heat pump system, and a solar array with a recently installed Tesla inverter, provide year-round comfort and low-maintenance ownership, allowing you to spend more time enjoying the lake. Step outside and embrace the Colorado lifestyle. Launch a kayak or paddle board from your own shoreline, fish from your backyard, watch wildlife wander through the towering ponderosa pines, or relax on the expansive deck while taking in unforgettable sunsets over the water. The additional lot offers the rare opportunity to build a guest house or ADU, creating the perfect multigenerational retreat or private family compound. Located in the highly sought-after Pagosa Lakes community, you'll enjoy easy access to golf, fishing, hiking and biking trails, the San Juan National Forest, Wolf Creek Ski Area, and the world-famous Pagosa Hot Springs. Whether you're searching for a full-time residence, luxury mountain getaway, or legacy property to enjoy for generations, this exceptional Pagosa Springs lakefront home offers a lifestyle that is truly one of a kind.