Set along the coveted South Arm of Walloon Lake, 651 & 681 South Shore Drive offers a rare opportunity to own a true legacy waterfront estate with breathtaking western exposure and unforgettable sunset views. This double parcel property, spanning 1.54 wooded acres with 208 feet of pristine sandy frontage, is a One of 1 property combining timeless Northern Michigan charm with exceptional privacy and space for generations of lakeside memories. The 4,400 square-foot main residence was thoughtfully designed for entertaining and maximizing lake views. Featuring 5 bedrooms and 5½ bathrooms, the home offers expansive living spaces filled with natural light. The kitchen and dining area overlook the sparkling waters of Walloon Lake, while the spacious great room and multiple decks and covered porches create the perfect setting for gathering and relaxing. The 1,100 square feet finished lower level is built for entertaining, complete with a wet bar, recreation area, and custom stage for performances by kids and adults alike. An attached 2 car garage and separate detached 1-car garage provide excellent storage for vehicles and lake toys. Just steps from the water’s edge, the charming guest cottage offers approximately 900 square feet with 2 bedrooms, 1 bathroom, kitchenette and dining/living area with a fireplace, and a private lakeside deck. Perfect for anyone's in-laws or guests. A separate 196-square-foot four-season studio adds flexibility as an office, art studio, fitness space, or yoga retreat. The property is encompassed by garden areas, which is a year round interest. Mature landscaping, a winding wraparound driveway, underground wireless dog fence, abundant guest parking, and a full backup generator complete this extraordinary property in one of Walloon Lake’s most sought-after locations.