This very unique island channel-front property sits just off of Lake Oswego with direct access to Lake Tippecanoe, one of Indiana's premier all-sports lakes. The channel access is private, with low boat traffic and a no-wake zone, offering a calmer alternative to the open lake while still connecting straight out to Tippecanoe. The lot offers an exceptional 665+ feet of water frontage with wonderful views, including an additional buildable lot on the point included, giving the next owner the option to add on, build another home (guest house), or enjoy the large green space. A large, private docking area provides direct boat access to the channel and out to the lake. The home offers 2,136 square feet with 3 bedrooms and 2 full bathrooms. The kitchen has been fully updated with custom cabinetry and stainless-steel appliances. A large living area anchors the main living space, with a sunroom adding year-round space with water views. Both a covered front porch and covered back porch extend the livable footprint outdoors. The property has been newly connected to municipal sewer, replacing prior septic service. The home also has a new roof, a gas furnace, and a new AC system. The driveway has been recently resealed. The major maintenance points have all been taken care of. Seller will consider additionally selling the furnishings, making it move-in ready allowing the new owner time to immediately enjoy the lake life!