Welcome home to this rare opportunity located on the end of the peninsula on Lake Lane which offers one of the most expansive and scenic views on Lake Raymond Gary. Featuring not only the main home, but also a separate mother in law cottage. This versatile property is ideal as a full-time residence, weekend retreat, or it should set up nicely as a short-term vacation rental. The main home features 3 bedrooms and 2 bathrooms with an open living room to kitchen concept with bar seating and lots of cabinets space, vaulted ceilings, and an adjacent laundry room with plentiful storage. The primary suite includes deck access with lake views, a large walk-in closet, and a native rock fireplace with electric insert, along with a custom rock and tile walk-in shower and unique scalloped glass sink. The second bathroom also has native rock flooring as well as a one of a kind whiskey barrel vanity with copper sink and an amazing copper slipper soaking tub! The mother-in-law suite offers 1 bedroom and 1 bathroom with maintenance free hardiboard siding with interior vaulted ceilings, pine finishes, ADA-compliant doors, and its own laundry in the spacious bathroom with walk in shower. Washer, dryer, and refrigerators remain in both homes. Additional improvements include a 30x40 shop with electric, 18x20 carport, boathouse, and private concrete boat ramp, all situated on two lake lots. So many options with this versatile property where you could live in one house and receive cash flow on the other or have amazing weekend retreats with room for a huge family!