Nestled on the serene shores of Crescent Lake, this exceptional 1.5-acre waterfront property presents an unparalleled opportunity for investors or families seeking a tranquil lakeside retreat. The property boasts an impressive 156 feet of waterfront, complete with a private dock, boat lift, and a screen enclosed dining area, promising endless lakeside adventures and leisure. This opportunity features two distinct residences, each offering unique charm and privacy, making it ideal for multifamily living or a potential investment venture. The first residence, of sturdy concrete block construction, unfolds over a split floor plan. Initially designed as a two-bedroom, one-bathroom home, it has been thoughtfully enhanced with a master suite addition, evolving into a spacious three-bedroom, two-bathroom sanctuary. This home is perfectly designed for comfort and functionality, featuring an attached garage for extra storage, and front and back decks that invite relaxation and contemplation of the lake's tranquil beauty. The interior of the primary residence exudes warmth and charm, with updated windows framing the majestic lake views, drawing natural light into every corner. A sunroom/den area provides a peaceful nook for relaxation or an office, seamlessly leading to the inviting living room, a dining room area, and an open-concept kitchen that serves as the heart of the home. A practical utility room doubles as a pantry and laundry space, efficiently separating the master suite from the main living areas, enhancing privacy and convenience. Rich natural wood paneling and a cozy fireplace set the stage for memorable family gatherings, adding to the home's rustic appeal. The second residence, a testament to modern living and efficiency, is a 2019 Nobility modular home that spans a generous 1404 square feet. This home is smartly designed with a three-bedroom, two-bathroom layout, adhering to a split floor plan that maximizes privacy and space utilization. The interior is marked by contemporary design elements and finishes that cater to the needs of modern families or individuals seeking a blend of comfort and style. A focal point of this residence is its expansive rear deck, offering a private outdoor oasis where residents can unwind, entertain, or simply soak in the serene lake views and lush surroundings. This deck not only extends the living space outdoors but also enhances the home's connection to nature, making it an ideal spot for morning coffees, evening relaxation, or hosting gatherings against the backdrop of Crescent Lake. Both homes on this waterfront oasis offer distinct living experiences tied together by the shared beauty of their surroundings. Whether utilized as an investment property, a family compound, or a mix of both, this multifamily estate presents a rare opportunity to own a piece of paradise on Crescent Lake, complete with all the amenities and comforts of modern lakeside living.