Nestled on the serene peninsula of Eagle Island along the pristine shores of Walloon Lake, this charming waterfront cottage offers 115 feet of prime frontage. Overlooking the undeveloped and pristine beauty of Lily Pad Bay, the property offers an unparalleled sense of tranquility and privacy. The main level features a cozy sitting room with a wood-burning fireplace, a bright kitchen, and a dining area—all overlooking the crystal-clear waters of Walloon Lake. With four bedrooms, two baths, and a spacious family room in the lower level, there's ample room to accommodate family and guests with two different gathering spaces both offering views of Walloon. Whether you’re looking to restore this home's classic charm or reimagine the space for modern living, the potential is limitless. As an added bonus, membership in the Eagle Island Association grants you access to Hemlock Point—a peaceful oasis with over 700 feet of sandy beach, stunning views, and a bonfire pit only enhanced your experience of owning this lakefront property. A unique location is just a short drive to the charming towns of Boyne City, Petoskey and Bay Harbor, offering easy access to leading healthcare, shopping, dining, and more. With its prime location and endless possibilities, this property is a rare find on Walloon Lake.