Direct lakefront on pristine Arnold Lake with 325 feet of shoreline and 4.13 acres of serene privacy, including two forested acres across the road with potential for future development. This rare lakefront compound offers a unique blend of character, comfort, and income opportunity in an area long cherished as a summer retreat. The 4-bedroom main house is the last remaining original structure on the lake—one of the first two homes ever built here—originally known as Seven Geese and later Oak Shores. Rich in history and thoughtfully maintained and improved, the home offers beautiful lake views, white beam ceilings, a stone fireplace, year round enclosed porch/sunroom, formal dining room, a modern galley kitchen, laundry, and a newly renovated bathroom with walk-in shower. Above the detached, oversized two car garage is a spacious, fully furnished loft apartment with expansive lake views and a strong seasonal rental history. Whether used for guests or as an income-producing short-term rental, it adds versatility and value to the property. At the water’s edge, a charming outbuilding once served as a small store and later a children’s playhouse. Today, it functions as a shed but could easily be reimagined as a creative studio, lakeside bunkhouse, or retreat space. The land gently slopes to the lake, where two docks provide effortless access for swimming, boating, and fishing. Included in the sale are both a ski boat and fishing boat—everything you need to begin enjoying lake life from day one. Located just 20 minutes from Cooperstown, the hamlet of Milford offers a peaceful counterpoint to the area's cultural center—making this property ideally situated for those who value both retreat and connection. Cooperstown, renowned for its rich blend of American history, arts, and natural beauty, is home to the National Baseball Hall of Fame, the world-class Glimmerglass Festival, and the Fenimore Art Museum overlooking Otsego Lake. Residents of Arnold Lake enjoy easy access to these institutions, as well as charming shops, restaurants, farmers markets, and lakeside parks—while returning home to the tranquility of a more secluded and private lake setting with an enduring sense of place. With its proximity to world-class attractions in Cooperstown and just 20 minutes from Oneonta’s vibrant downtown, this is a rare opportunity to own a legacy property on one of the region’s most sought-after lakes—ideal as a private retreat, investment property, or a bit of both. Year-round enjoyment in a timeless setting.