Tucked away on two spacious, beautifully treed lots, this waterfront property offers a rare combination of privacy, character, and potential. With approx. 239' of platted waterfront and just over three-quarters of an acre, the setting is peaceful and inviting, positioned on a wide cove with a nice view and deep water, plus a newer retaining wall in place. The home itself is truly one-of-a-kind--full of charm and architectural detail for those who can appreciate design and craftsmanship. While it does need updating, it presents an incredible opportunity for a designer, remodeler, or buyer looking to create a distinctive lake retreat. Interior features include stunning stained glass windows, custom hardwood doors, and brass hardware throughout. The main living area centers around a beautiful stone fireplace with a wet bar, and flows into a sunroom just off the living, dining, and kitchen spaces--ideal for enjoying the tranquil setting year-round. The split-level layout offers a waterside primary suite upstairs with elevated views of the wide cove, a spacious cedar closet, and a bath with separate tub and shower. Downstairs, a flexible third bedroom includes a Murphy bed and is combined with the utility area, complete with sink and exterior access. The property is fully fenced with a unique metal and stone entry and private gate, and also features a durable metal roof. A two-car carport and extended driveway provide ample parking. Located in Trinidad, just minutes from local favorites including Triple N Ranch Winery, Whistle Stop, and the Trinidad Art House, and a short drive to Tool for dining and recreation such as Fig's Steakhouse and Backyard, and community events at Eight at Tool Park. An additional opportunity is available with a large, fully fenced double lot across the street (approx half an acre), featuring a two-car garage plus an insulated and sheetrocked workshop--ideal for boat storage, hobbies, or extra parking. Offered separately for $99,000.