WELCOME TO VILLA LAGO a lovely, historic 1927 waterfront home with stunning views of majestic Mountain Lake that is a short walk from the Colony House. Upon entering through the original French front doors, you are greeted by an expansive living room with original pecky cypress cathedral ceilings. The living room offers two seating arrangements, one for lounging and enjoying your favorite show; the other by the fireplace for reading or entertaining guests. Beyond the living room, step down into the formal dining room with an entire wall of floor to ceiling windows facing out to the screened lanai which offers amazing views of the water. In the bright and airy kitchen you will find updated cabinetry, a kitchen island as well as new stainless steel appliances including Bosch double ovens, a Sub-zero refrigerator, Viking wine cooler, cooktop and two Miele dishwashers. There is also a windowed breakfast nook with views of the lake and the property’s ancient live oak grove. The master bedroom, which is located on the far west end of the home, is an owner's retreat with pecky cypress cathedral ceilings, a seating area with views of the water and original fireplace. The bedroom is en-suite and offers a large walk-in closet, brand new resort style bathroom featuring walk-in shower and double vanity sinks. The house also includes a cozy, wood paneled library/ potential 3rd bedroom with built-in shelving, recessed lighting and direct lake views. A nicely sized guest bedroom, also en-suite, has a large walk in closet. A 3rd full bath with shower for additional guests and large closets complete the main house, with all rooms on one floor. Additionally, an oversized two car garage will accommodate your vehicles and two golf carts or provides the potential for 686 sqft of extra living space. The Seller has professional plans available to convert the garage space, creating 2 additional lake view bedrooms each with ensuite full baths. This Fee Simple town home (not co-op) property is truly remarkable and one worthy of preview.