This is your rare opportunity to own a beautifully updated modern lake house which combines energy-aware construction, quality finishes, flexible living spaces, with outstanding income potential. Even more impressive, it is the only home (less than ten years old) which is located just a few blocks from the downtown businesses, parks, marina, paths, waterfront attractions, and local restaurants offering a lifestyle that is nearly impossible to find in Lake City. Designed for comfortable everyday living and entertaining, 519 N Lakeshore Drive features stunning multi-level Lake Pepin views including the backdrop of Maiden Rock Bluff. It also boasts of multiple outdoor living spaces (two decks and a porch) and a versatile lower-level suite ideal for guests or can be used as a furnished vacation rental. The property has been registered as a short-term rental with the city, the Chamber of Commerce, Google/Airbnb and has a strong history as a successful STR property, creating an excellent opportunity for supplemental income. The open-concept kitchen showcases a large center island, custom backsplash, and the entire home is fitted with espresso soft-close Thomasville cabinetry. A spacious main-floor entry, convenient laundry/mud room area, and flexible den/office provide additional functionality, with the office easily serving as a main-floor bedroom if desired. Three of the five generously sized bedrooms capture beautiful lake views, soaring bald eagles, and abundant natural light. The kitchen and baths throughout the home have antique silver granite-style (black, silver and copper on a warm white backdrop). Outside, you'll find extensive deck space for relaxing and watching the water (sailboats, barges, cruise ships) and hundreds of migratory bird species, a screened front porch, mature perennial and pollinator gardens, a 3½-car garage, and ample off-street parking with room for an RV or a fishing boat—another rarity in this highly desirable area. With modern construction, lake views (but not lake front taxes), energy-efficient solar power, income-producing potential, and a walkable downtown location unlike any other newer home in Lake City, this property offers a truly exceptional and one-of-a-kind ownership opportunity.