Welcome to this spacious and beautifully updated 5-bedroom, 2.5-bath colonial nestled on a fenced corner lot in the highly desirable lake community of Oakwood Lakes in Medford. This home offers comfort, space, and energy savings in one of Medford’s most welcoming communities. On the market for only the second time in 40 years, this 3,482 sq ft home blends timeless character with thoughtful renovations and impressive energy efficiency. The first floor features a private primary suite that was fully renovated in 2020, complete with a walk-in closet, ceiling fan, and modern full bath—offering a peaceful, tucked-away retreat. The remodeled kitchen, completed in 2022, serves as the heart of the home with an oversized butcher block island, abundant cabinetry, and a walk-in pantry. An adjacent dining area filled with natural light leads to a brand-new composite deck (2024) for seamless indoor-outdoor living. The expansive 450+ sq ft den with wood-burning fireplace and a bright bonus room add flexible living space, while a generously sized living room with original hardwood floors and a second wood-burning fireplace (with gas line in place) offers another cozy gathering area. A powder room, large mudroom, laundry room with new washer and dryer (2025), utility room, and access to a second side deck complete the well-designed first floor layout. Upstairs, you'll find four spacious bedrooms with ceiling fans and an shared full hall bath. Off the mudroom and second entrance you’ll find the attached two-car garage includes a workshop area, along with access to abundant attic storage and EV charger. Major system updates provide peace of mind, including a Bosch heating and hot water system replaced in 2021, a newly vinyl-sided exterior (2023), and a 4-zone HVAC system installed in 2020. Best of all, the fully owned solar panel system—no leases, contracts, or monthly payments—has covered the home’s electric use for the past three years and still generates income via SRECs through 2026. Oakwood Lakes is one of Medford’s most sought-after communities, offering a relaxed and active lifestyle just a short walk to the neighborhood's private beach, complete with lifeguards (in season), canoe/kayak launch and storage, tennis and pickleball courts, basketball court, volleyball net, picnic tables, grills, and a playground. HOA dues are just $300 per year. In a neighborhood where neighbors wave, pets stroll, and bikes fill the streets, this lovingly maintained and extensively upgraded home offers space, comfort, and the joys of lake community living.