Quite possibly one of the best opportunities available on Lake Cypress Springs! Priced well below county tax appraised value, this waterfront property offers incredible potential on one of the lake's premier main lake lots. The panoramic views are simply breathtaking! Some multi-million-dollar homes can't match these views. This 3 bedroom, 2 bath home provides the perfect canvas for buyers looking to remodel, update, and create their dream lake retreat. With a functional floor plan and solid bones, the possibilities here are endless. The living and dining areas flow into a large sunroom filled with windows and natural light, offering flexible space for a second living area, game room, or entertaining space. The split primary suite is generously sized and captures beautiful lake views. One additional bedroom is located on the main level, while the third bedroom is upstairs, providing privacy for guests or family members. Outside is where this property truly shines. Multiple patio areas overlook the water, creating the perfect setting for relaxing or entertaining. The one-stall boathouse with deck offers convenient lake access, and a detached heated and cooled building adds tremendous versatility, ideal for a future guest suite, studio, office, or hobby space. As an added bonus, the sale includes an interior lot located across the street, providing opportunity for those who want to expand the homes square footage. Opportunities like this - with views, location, and upside potential, rarely come available at this price point. Schedule your showing soon, because this one won't last long.