A one-of-a-kind, one-level, custom-designed, luxury waterfront residence in Historic Downtown Wakefield. This unique 55+, 7 unit complex overlooks the restful and beautiful spring-fed Silver Lake. The original 1880 structure was completely renovated in 2018 and the "Main House" includes 4 total residences. The second floor, accessed by the elevator and featured in this listing, offers many custom elements i.e. built-in bookcases, a brick wall, raised paneling, a gas fireplace/wood mantle, hardwood & tile flooring throughout! The open-concept kitchen is thoughtfully designed with glass-front cabinetry and flows seamlessly into the dining area and living room forming an elegant and functional living area, the dedicated pantry is a plus. A large primary suite overlooks the lake and includes an impressive bathroom with a walk-in closet. Two additional en suite bedrooms, a powder room and separate laundry room complete the unit. The deck overlooking the lake, is additional entertainment space and includes a retractable awning. The association extras include a large gym and half bath, a handicap ramp, integral garage, a potting shed and 2 raised flower/vegetable beds. There is a dock for your canoe, a kayak rack and exterior winter storage for fishing equipment & paddle boards. Walk to restaurants, retail shops, markets, an ice cream shop, theater and bike path. The Amtrack Station is only 15 minutes away and your choice of several beaches are all within minutes of this property!