Panoramic lake views and endless potential await at this prime Mount Arlington location! 114 McGregor Ave is an elevated 0.258-acre property located directly across the street from the water, boasting fantastic, unobstructed views of Lake Hopatcong. This property offers incredible versatility: move right into the cozy existing home, renovate it to your exact tastes, or use the prime lot to build a brand-new luxury dream home! Beautiful views and the spectacular location. The surrounding neighborhood is rapidly appreciating, with many older properties on the street having been replaced by high-value, luxury newly-built homes and stunning lakefront estates.The one-story masonry and frame dwelling features a living room, kitchen, dining area, two bedrooms, and a spacious wood deck that perfectly captures the breathtaking water views. Whether you're looking for a weekend getaway, a rewarding fixer-upper, or the perfect blank canvas in a prestigious community, homes with this kind of upside potential do not last long.