Opportunity Knocks in the Diamond Lake Area! Privately set among fine homes, this expansive 3800+ sq. ft. Colonial offers incredible potential, property needs TLC. Step into the grand 2-story foyer, which opens to a spacious living room with gas fireplace and dining room - perfect for future gatherings. Slider doors lead to a deck and a patio spanning over 3000 sq. ft., complete with a fire pit and a gated, heated in-ground pool - imagine the possibilities for outdoor entertaining! The heart of the home is the open kitchen & family room with a gas fireplace, flowing seamlessly into a study with access to the side yard and deck overlooking the pool. A generous mudroom with built-ins and ample storage, plus a half bath, complete the first floor. 2 staircases - one in the foyer and 1 from the kitchen - lead upstairs to a spacious layout featuring a primary bedroom with its own gas fireplace, a full bath with marble floors and counters, a soaking tub, and a large walk-in shower. There are 3 additional bedrooms, including a private guest suite with a full bath, plus a shared full bath with double sinks. An oversized bonus room over the garage offers incredible flexibility as a playroom, rec room, or studio. Additional highlights include a 25 KVA generator and heated in-ground pool. This is a unique chance to create your dream home in a highly desirable neighborhood!