OPEN HOUSE this Saturday (5/7) & Sunday (5/8) 1-3PM! Stately Waterfront sited on a 1.22-acres, with approximately 145ft of water frontage and an in-ground swimming pool! Welcome to 321 S. Lake Drive, a distinguished brick Colonial combines timeless elegance with the natural beauty of Eastern Shore living. Great investment opportunity as this home offers outstanding income potential as a short-term rental, perfectly suited for Airbnb or VRBO. This beautifully maintained 4-bedroom, 2.5-bath home boasting almost 3,000 square feet of finished living space has been recently updated with fresh interior paint and multiple upgrades, giving it a bright and refreshed feel throughout. Potential plans allow for spacious first-floor bedroom and bathroom suite 16X30 (up to 480 sq ft.) offers flexibility for future expansion. Nestled on a picturesque lot with serene water views, this property is perfect for those seeking both privacy and fun. The spacious backyard features a stunning in-ground pool, ideal for summer entertaining or quiet relaxation by the water. The property is a haven for nature lovers, where you can regularly spot blue herons, ospreys, and other local wildlife in their natural habitat. Inside, the home boasts an open layout with generously sized living spaces, new LVP floors, and an abundance of natural light. Whether you’re hosting guests or enjoying a quiet evening at home, this property provides the perfect backdrop for every lifestyle. Owner improvements include New Paint, New LVP flooring, New kitchen quartz countertops, stainless steel sink & hardware, New Upper Level Carpet, Updated bathrooms, New lighting and ceiling fans, New hardware throughout, New complete home HVAC system replacement 2021, New pool pump 2024 and much more! Expansive attic offers abundant storage space with exciting potential for conversion into an additional living area or bonus level. Don’t miss this opportunity to enjoy waterfront living in sought-after water-access community with amazing beaches, conveniently located close to the Bay Bridge, shops, and restaurants.