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One-of-a-kind property in a sought-after lake community near Chagrin Falls. This totally updated historic cottage was built in 1947 on arguably the best waterfront lot on Lake Lucerne. The backyard's rolling lawn extends all the way down to the private dock & water's edge (no stairs) directly across from the stunning beach. While every inch of this property?from the outside in?has been updated w/ the highest quality, it's the location that sets it apart. Entertain from the deck with new retractable awning or dine on the stone terrace in front of the outdoor fireplace. Step inside and you won't believe your eyes! The kitchen is a showstopper with custom cabinetry below large windows that push out to create an indoor/outdoor countertop on the deck. There is a full suite of appliances including professional range & thoughtful extras like a beverage fridge & icemaker. The breakfast nook features a stylish banquette adjacent to the jewel-box of a living room with window seat & fireplace. Down a private hallway are 2 bedrooms and a gorgeous full bath w/ a stall shower & stand-alone tub. The charming, wood-beamed dining room with inglenook fireplace dates from the original cottage and completes the first floor. The 2nd floor boasts the most incredible primary suite with vaulted ceiling & panoramic views of the lake. Custom plantation shutters and automated blinds mean you don't have to get out of bed to access the stunning view! There are 2 completely renovated 2nd-floor baths: (his and hers) one w/ dual vanities and jacuzzi tub; the other has a Carrera marble tile shower. A 4th bedroom with the original wormy chestnut wood paneling could be an office or dressing room. Life in Lake Lucerne is as if you are living in a private metropark with its natural beauty and a beach, tennis/pickleball courts, volleyball, fishing and water sports. You can move in now and live the dream. Act now, these properties are rarely available and the lifestyle cannot be replicated.