Discover the unique charm of lake house living in the city with this extraordinary suburban retreat! Located just minutes from 71st and Michigan Rd, this 3-bedroom, 2-bath home is a rare opportunity under $300,000 in Pike Township School district. Situated on an expansive, lake-sized lot that wraps around two sides, you'll enjoy a private, natural setting like no other. Inside, you'll find three spacious living areas, a room for a home office, a reading room or a formal sitting room to welcome guests plus the family room with a fireplace overlooking the best view of mature trees and the water! The formal dining room easily accessed from the kitchen is perfect for family gatherings or entertaining on special occasions. The kitchen has appliances, a walk-in pantry, and ample storage. Upstairs, dual staircases lead to the second level including the finished space above the garage with soaring ceilings perfect for a home gym to look over the water, teenage space, or whatever your heart desires, adding character and versatility to this one-of-a-kind home. The Primary suite is a private oasis, boasting a grand double-door entrance, vaulted ceilings, and a charming sitting area. Pamper yourself with two walk-in dressing rooms, a double vanity, a soaking tub, and a separate shower, combining luxury with functionality. Plus the three-car attached garage with workbench for you to tinker through the winter months. While this home needs some work, it presents the ideal opportunity to put in sweat equity and transform it into your dream space. It's priced to reflect the condition, sold "AS IS," and will not qualify for FHA financing. Embrace the potential of this "diamond in the rough" and create your own lake house escape right in Indianapolis!