Under contract-accepting backup offers. Old Florida Storybook Estate with nearly 16 Acres & 1,000± Ft of Private Lake Frontage! Discover a rare opportunity to own a timeless Southern Colonial estate nestled on a private lake. Tucked away in a quiet residential area, this one-owner home blends vintage charm with modern flexibility, offering the perfect setting for peaceful living, entertaining, and endless outdoor enjoyment. NEW ROOF JUNE 2025! Step inside through the charming brick walkway and covered front porch to find original hardwood floors, soaring ceilings, and spacious light-filled living areas. The main level features a formal living room, dining area, and sliding doors that open to the back patio, offering seamless indoor/outdoor living. The kitchen is both cozy and functional with a breakfast bar, eat-in nook, wood-burning fireplace, and doors leading to both porches—ideal for morning coffee or evening gatherings. The thoughtful floor plan includes 4 bedrooms, 3 full bathrooms, and 2 versatile bonus rooms. The main-level primary suite includes a wet bar, sliding doors to the outdoors, a large walk-in closet, linen storage, a garden tub, and a sit-down vanity. A guest bedroom/office with exterior access and a connecting bonus room offers great potential for an in-law suite or private guest quarters. Upstairs, you'll find a classic hallway, two large guest bedrooms with walk-in closets, a full bathroom, and a bonus room with built-in bookshelves and a window balcony overlooking the living room. Additional features include a large laundry room & utility room, 3-car garage, and a 2-car carport providing ample parking and storage for guests, hobbies, or recreational equipment. Outside, the possibilities are truly endless. Relax on the porch with lake views, or design your own outdoor paradise: build a private dock for fishing, paddleboarding, or kayaking; add walking trails and secret picnic spots around the lake; landscape with native plants for a nature preserve feel; or add a lakeside firepit or gazebo for entertaining. There's also potential to add a guest house, workshop, barn, or additional detached structures—perfect for multi-generational living, hobby farming, or creating a retreat-style environment. Zoned R3 (Medium Residential), this property offers valuable flexibility for future development or residential use. Whether you're seeking a private estate, additional dwellings, or long-term investment, the R3 zoning supports a variety of possibilities. Buyers are encouraged to verify land use and development potential with Lake County Planning & Zoning. This picturesque estate has been lovingly maintained and is ready for its next chapter. From the timeless architecture to the peaceful lakeside setting, this is the kind of place where you plant roots, host holidays, and enjoy quiet sunsets for generations to come. Don't miss this one-of-a-kind Florida gem! The house is on approximately 3.98 acres. Parcels 2989637 is approx 4.95 acres and 2503009 is approx 6.98 acres and are primarily the lakes and wetland areas. .