Experience the best of waterfront living in this 3-bedroom, 1-bath home offering a private dock with direct access to Lake Memphremagog and 75+ feet of leased water frontage. The open-concept floorplan features a dining area overlooking the lake, while the porch and patio provide additional vantage points to take in the exceptional mountain/lake views. Access to the adjoining bike path extends the property's outdoor amenities, connecting you to miles of scenic walking and riding. The 24' x 40' garage features two garage bays and three parking spaces, along with a fully finished in-law/guest suite clad in tongue-and-groove pine, featuring a single bedroom, full bath, private balcony, skylights, and yellow pine floors. Situated on a level lot with a fully fenced-in yard, the property is conveniently located near VAST trail access, Derby Elementary School, North Country Hospital, downtown Newport, and its full range of amenities. Additional features include a dedicated office space, attached single-bay garage, and a spacious pull-down attic offering added utility and potential for storage or guest accommodations. The property is serviced by a drilled well with deeded rights to a neighboring spring, private septic, monitor-type direct-vent propane furnace, three electric wall units, and an on-demand hot water system. Whether you're seeking a primary residence, seasonal getaway, or investment opportunity, this property offers the perfect blend of waterfront living and year-round enjoyment. The Sellers have a current lease for lakefront access in the amount of $322.50 per year, for up to 25 years.