Exceptional property across two parcels in New Preston with town beach rights to Lake Waramaug. This 3-bedroom, 2-full bath home sits 800 feet back from the road, cocooned in privacy. While the house would benefit from modernization, it's a perfect blank canvas-great bones, functional layout and ready for your vision. Live in it comfortably as-is while you plan, or reimagine it entirely with today's finishes and open floor plan. The deep setback and mature landscaping create an idyllic country setting. The property's true long-term value lies in the spectacular elevated building site even further back, featuring western exposure and the potential for sweeping sunset views-ideal for a luxury main residence. Multiple scenarios unlock serious value: Renovate the existing home into your primary while holding the elevated parcel for future build-out. Transform the current house into a stylish guest cottage or income property while constructing your dream estate above. Or create a true multi-generational compound with two distinct, updated residences. You're moments from celebrated dining spots such as Community Table, plus antique shops, galleries and the iconic bookshop in Washington Depot. The Mayflower Inn & Spa, Steep Rock Preserve, Mohawk ski mountain and Hopkins Vineyard are all nearby. Lake Waramaug offers swimming, kayaking, boating, and seasonal recreation. Litchfield Hills living at its finest, 90 minutes from NYC. Second parcel (20.36 acres) under separate listing