Introducing a rare waterfront gem with an unbeatable price! This stunning brick ranch boasts 3 beds, 2.5 baths, and a wealth of features, all priced below appraised value. Nestled on Sylvan/Otter Lake, this property includes a private 17-acre island, a charming boathouse, and a walkout basement with a second kitchen. There are so many incredible opportunities with this property just waiting to be unveiled! The first floor holds everything you need including a heated garage, laundry/mudroom, a second bedroom/office, and a luxurious suite with a gas fireplace, jetted tub, separate stand up shower and a sliding door that leads outside to catch the morning sunrise over the canal and island. The updated kitchen with granite countertops and new stainless steel appliances adds a touch of sophistication - a perfect space for anyone who loves to cook. The walkout basement offers endless possibilities with a full kitchen, a huge third bedroom or recreational area with a 2nd gas lit fireplace, a bonus room for workouts or guests, and a full bathroom. This space is perfect for income generation or accommodating extra guests or a larger family. Outside, you'll find a steel seawall, gutter guards, a gazebo, and a rare, grandfathered in 20x22 single stall boat house, along with additional storage shed. Don't miss out on the chance to own a slice of waterfront paradise at an incredible value! **Please keep in mind that any and all construction or information on the island will need be obtained by the purchaser including but not limited to a wetland survey and/or township approval **