This waterfront 2 bedroom, 2 bath home on Lake Palestine offers a rare opportunity to enjoy lake life while adding your own finishing touches. Situated on the deep end of the lake with excellent water access and priced at only $299,999, this property is an outstanding opportunity for waterfront living. Built in 1985 with approximately 1,150 sq. ft., the home has undergone extensive updates and improvements. Major upgrades include a 2024 composition roof, mini-split heat pump, all new electrical wiring, PEX plumbing, new insulation, and the home has been leveled. Interior improvements feature new fixtures, energy-efficient LED lighting, laminate and vinyl flooring, replaced subfloors, drywall, and custom finishes. The spacious kitchen features custom cabinetry, granite countertops, stainless appliances, and a new dishwasher, creating a great space for cooking and gathering. The living area showcases large triple windows extending to the ceiling, filling the room with natural light and providing beautiful lake views of both sunrises and sunsets. Outdoor features include a wrap-around front porch, front stairway leading toward the lake, and a large covered concrete patio ideal for a future outdoor kitchen, fireplace, or entertainment space. Additional exterior improvements include a wood deck, new siding, and new exterior door. Enjoy direct lake access with a new dock built in 2023, perfect for fishing, boating, swimming, or relaxing by the water. A small amount of work remains, but the big projects have already been completed, giving buyers the opportunity to finish the home to their own taste and needs and create the lake retreat they envision. The home is being sold "AS-IS." The remaining building supplies onsite will convey with the sale. If you’ve been dreaming of life on the water, this Lake Palestine property is your chance to create a personalized waterfront escape.