Investor opportunity with immediate income or occupancy and long-term development potential. This rare 11+ acre Lake Winnisquam property includes a move-in ready two-bedroom home, allowing for immediate use while exploring future residential or commercial development options. Set on a private hillside with unobstructed lake views, the property was once home to the historic Terrace Hotel of the early 1900s and now offers a blank canvas for redevelopment, expansion, or a signature project. Conveniently located just minutes from I-93 in Tilton, this offering combines strong location fundamentals, scenic value, and flexible use potential - ideal for a private estate, boutique hospitality concept, or destination venue. Referenced acreage includes an abutting parcel on US Route 3; property taxes reflect both parcels. A compelling opportunity to secure lake-view acreage with both present-day utility and future upside.