Cherished by the same family and offered for sale for the first time, this is a rare opportunity to own a true waterfront legacy property. This extraordinary 3,654-square-foot waterfront home is positioned on a rare 1.42-acre peninsula with water on two sides and two lots included. Surrounded by towering ponderosa pines and breathtaking lake views, this custom 4-bedroom, 3-bath residence offers one of the most unique waterfront opportunities in Pagosa Springs. Offering the combination of privacy, recreation and timeless craftsmanship. Walls of windows invite panoramic water views and create a seamless connection between the home and its spectacular waterfront setting. Features include warm oak hardwood floors, rich cherry cabinetry, and a cozy wood stove that creates the perfect mountain ambiance. The spacious floor plan offers room for everyone, while the oversized 2-car garage provides abundant storage for vehicles, outdoor gear, and lake toys. Above the garage, a large flex room creates endless possibilities as a game room, media room, bunk room, fitness area, or private home office. Designed with the future in mind, the sellers thoughtfully incorporated the potential for a main-level primary suite conversion, offering flexibility for aging in place or creating a luxurious owner's retreat. The efficient heat pump system and recently installed Tesla inverter paired with the solar system provide modern comfort and energy-conscious living. Step outside and enjoy your own private waterfront sanctuary. Launch a kayak, cast a fishing line, watch wildlife from the shoreline, or simply relax and take in the peaceful setting. The expansive outdoor living spaces are ideal for entertaining family and friends while enjoying stunning lake views and unforgettable sunsets. Whether you're searching for a full-time residence, a mountain getaway, or a legacy property to enjoy for generations, this exceptional waterfront home delivers a lifestyle that is increasingly difficult to find. Located in the highly desirable Pagosa Lakes area, residents enjoy easy access to hiking and biking trails, golf, fishing, the San Juan National Forest, Wolf Creek Ski Area, and the world-famous Pagosa Hot Springs. --