Discover the ultimate lakeside retreat in sought after Two Mile Bay, where lifestyle, location, and flexibility combine.Just a short stroll to the iconic Two Mile Bay Sailing Centre, the ever-popular Lions Walk, and the sparkling swimming bays along the shores of Lake Taupo, this spacious two level home is perfectly positioned for relaxed holiday living or exceptional family comfort.Enjoy the convenience of nearby local shops within easy walking distance, with a supermarket just a short drive away, making everyday living and holiday stays effortless.Designed with double glazing and to capture all day sunshine with its north and west facing aspect, the upper level boasts lake and town views from the master bedroom and light-filled open-plan living that flows effortlessly onto a deck. The covered portion of the deck ensures year-round usability, providing shelter from the elements without compromising on outlook or ambiance. The functional kitchen forms the heart of the home, offering a welcoming breakfast bar, excellent pantry storage, and the added bonus of beautiful morning sunshine streaming in to start your day right.Three generous bedrooms, a dedicated office, and three well appointed bathrooms provide space and versatility for families and guests alike, complemented by two separate living areas for easy entertaining.Downstairs offers outstanding flexibility, set up as a self-contained retreat complete with built-in kitchenette, its own lounge, and seamless flow to a cobbled patio and BBQ area. With both interior and exterior access, this level presents an ideal home and income opportunity, perfectly suited for Airbnb hosting, extended family, or private guest accommodation.Practicality is equally impressive, with double garaging complemented by a large internal workshop, ideal for hobbies, projects, extra storage, or securely housing all the lake toys. The fully fenced and gated section also provides plentiful off street parking for boats, motorhomes, and visiting guests. There is mature fruiting citrus trees, lemon, orange and grapefruit. Ultimately, this is more than just a home, it is a lifestyle investment, offering the rare combination of lake views, all day sun, flexible living arrangements, secure grounds, and exceptional proximity to recreation and amenities. Every element has been designed or configured to maximise comfort, usability, and potential.Superbly located and rich with possibility, this is a property that truly captures the essence of life by the lake.Deadline Sale: Closes 12:00 p.m. Thursday 19 March 2026 (unless sold prior)