Welcome to 201 South Lake Street in Mountain Grove--a beautifully updated 4-bedroom, 2.5-bath home just blocks from the downtown square. This one-of-a-kind property offers flexibility, charm, and potential in a prime location within Wright County.Thoughtfully renovated by a skilled craftsman, the home features custom details and quality workmanship throughout. The layout is ideal for multi-generational living or income potential, with two distinct living spaces.One side offers a 3-bedroom, 1.5-bath layout with dedicated office and laundry areas. The other side includes a private 1-bedroom, 1-bath suite with its own exterior entrance--perfect for guests, extended family, or rental use.The main living areas flow comfortably between the living room, dining space, and kitchen, with abundant natural light. Recent upgrades include a brand-new HVAC system and tankless hot water heater for modern efficiency and peace of mind.Outside, charming brick flower beds add curb appeal and character. Located minutes from local shops, dining, and amenities in downtown Mountain Grove, and within easy driving distance to Springfield, this home blends small-town living with convenience.A rare opportunity for a primary residence, investment, or both--schedule your showing today!