Escape to this beautifully updated two bedroom one bath waterfront cottage nestled on 1 full acre with gorgeous mature trees! Here you have an impressive 162' of shoreline with your own sandy beach on Lake Palestine. Enjoy breathtaking open water views from the comfort of your open concept living space with a vaulted beamed ceiling, a wall of French doors and low maintenance vinyl plank wood look flooring. Two comfortable bedrooms share a spa like bath. The utility closet comes with stackable washer and dryer. There's a brand new electric heat and ac unit and a brand new on-demand hot water heater. The kitchen with all appliances staying provides fabulous views of the lake and the spacious fenced yard. This all seamlessly extends to a new covered deck, stylish new railing and new stairs to provide additional protected outdoor living space while watching amazing sunsets. The detached 20x30' metal shop, garage has a 12' electric door with remote opener for trailer or water toy storage plus there is extensive storage under the deck. The home and shop sit on lots 2 & 3 which are watered by sprinkler from the lake. For those who love the lake life, this property features two boathouses! One with an electric boat lift and the other with an electric lift for jet skis with covered space for more outdoor living space catching the breezes and open decking for sunbathing or fishing. There is the option to build an additional home on Lot 1. If you are seeking a private getaway or wanting to downsize to full time life at the lake, don't miss this rare lakeside gem! Schedule your showing today.