Exceptional Lake Memphremagog waterfront property situated in one of Newport's most desirable neighborhoods, offering the perfect combination of privacy, convenience, and year-round recreation. The house is set on 0.81 acres with approximately 255 feet of lake frontage, this move-in-ready home enjoys breathtaking panoramic lake and mountain views while being within walking distance to downtown restaurants, shopping, schools, parks, and other city amenities. The property also offers direct access to the bike path and VAST snowmobile trail for endless four-season enjoyment. Over the past several years, the owners have invested well in excess of $300,000 in quality improvements, including professionally completed lakefront stabilization and retaining walls, a new aluminum dock (included with the sale), a stunning custom kitchen remodel, beautifully renovated bathrooms, and numerous additional updates throughout. The home offers approximately 2,580 sq.ft. of finished living area featuring 3 bedrooms and 3 bathrooms, including a spacious primary suite with a private full bath overlooking the lake. Additional features include a welcoming mudroom/entry, attached 2-car garage, an expansive lakeside deck ideal for entertaining or relaxing, city water and sewer, and Xfinity high-speed cable internet and television. The large, level lawn provides ample space for recreation while maximizing the spectacular waterfront setting. This meticulously maintained property is in outstanding condition and offers true turnkey living at a very competitive price of $699,000 on the .81 acre lot or also available for $759,000 with the additional 0.28-acre lot located across the road that includes a two-story barn/storage building and offers excellent potential as a future building site with public water and sewer available. Whether you're looking for a full-time residence or a four-season lakefront retreat, opportunities like this on Lake Memphremagog are becoming increasingly rare.