Located in the very heart of the popular South side of Peninsula, a choice lakefront with big lake views in a protected cove. Newer wired DEEP WATER swim dock plus a private boat ramp system, which is no longer permissible to build on PK. Landscaped trees on lakeside give privacy and shade to current improvements. Beautiful views of lake! Upscale neighborhood with modern homes, within walking distance of the 2 separate trail heads AND the new marina with available boat slips. Sales price on this one reflects excellent lakefront location with lake access for future lake home and current improvements without counting the value of the existing nice eclectic lake cabin with master suite, 2nd bedroom with sliding door opening up to the lake, optional 3rd bedroom, open floor plan with kitchen, dining, and living area… a pleasant place to enjoy PK while planning an upscale lakefront masterpiece in ideal local. Currently no HOA and no restrictions on short term rentals. EXCELLENT POTENTIAL.