Rare opportunity at the 5 MM offering 237' of beautiful shoreline in a huge, wide cove with deep water and outstanding views. Properties like this simply don't come along at this price point. The setting is the real magic - expansive water frontage, room for additional docks, and endless development potential. With Rocky Mount central sewer in place, the options are wide open: build another home alongside the existing cabin, tear down and create multiple residences, or hold as a premier investment site. The current 3BR lake cottage (844 sq ft) is quirky, fun, and full of character. Built-in queen over queen bunk setups allow it to sleep a crowd, and the entire lakeside is a wall of windows - giving it a one-of-a-kind lakeside spaceship feel. Being sold turnkey, it's ready to use, rent, or redevelop immediately. Home currently features a 2-well dock with room for expansion. Whether you're looking for an affordable way onto the lake, a strong rental play, or a prime development tract, this property offers flexibility that's hard to find. All of this for under $400,000 on the beautiful Northshore of Lake of the Ozarks.