Two homes. 3.4 waterfront acres. Endless possibilities. This exceptional Toledo Bend waterfront property is listed below appraised value and offers a rare opportunity to own a private waterfront retreat great for full-time living, vacationing, multi-generational living, or investment. The main log cabin offers 1,996 sq. ft., 3 bedrooms and 2 bathrooms, featuring a spacious living room with soaring ceilings and picture windows framing breathtaking water views. The oversized kitchen and dining area centers around a beautiful brick hearth with a wood-burning stove, creating the perfect gathering space. The large primary suite, whole-home generator, 14x24 storage building with electricity, and 16x20 workshop on a slab with a 20x16 lean-to provide exceptional convenience. The second residence is a 1,514 sq. ft. manufactured home with 3 bedrooms and 2 bathrooms, a NEW roof, an expansive covered front porch overlooking the water, a spacious open-concept living and dining area, a large kitchen with a center island, abundant cabinetry and counter space, a generous primary suite with a private bath, roomy guest bedrooms, and a 10x16 storage building. The beautifully maintained 3.4-acre waterfront property is shaded by pines and hardwoods, creating a private, park-like setting with sweeping views of Toledo Bend Reservoir. Follow the gentle slope to your long private pier featuring two covered boat slips, making it easy to keep multiple boats, jet skis, or fishing gear ready for the water. Spend your days fishing, boating, or cruising one of the nation's premier freshwater lakes, then unwind around the fire pit while taking in spectacular sunsets across the water. Whether you're searching for a family compound, guest quarters, an income-producing rental, or the perfect weekend escape, this unique waterfront property offers the flexibility, privacy, and unforgettable lakefront lifestyle that is nearly impossible to find in one package.