This is a comprehensively renovated and immaculately maintained Lake House plus Guest Cottage on Balsam Lake's Long Point, one of the most desirable locations on the lake where properties rarely come to market. For buyers seeking top quality waterfront, this property cannot be surpassed with its uniquely smooth, weed-free and gradually deepening limestone slab bottom that extends far out from the entirety of the 100 ft of waterfront - swimming here is divine in the famously clear Balsam Lake water. The Lake House has been sensitively renovated to maintain its original cottage charm while serving as a comfortable and efficient year-round home capable of hosting large gatherings. The main floor is highlighted by a spectacular Hickory Lane kitchen and living room with high ceilings and expansive windows that provide abundant light and glorious lake vistas. The dining area is exceptionally spacious and elegant with vaulted ceilings and a stone fireplace with an efficient wood-burning insert. High quality engineered hardwood flooring ties together all main floor living areas, including the main floor bedroom and 3 pc bathroom. The fully finished basement features a large rec room, den, two bedrooms, a 4 pc bathroom and a large laundry room. The exceptionally charming Guest Cottage blends in seamlessly with the Lake House with its similar palette and high quality windows, and is perfect for young families with its large bedroom, kitchen, living room and 3 pc bathroom. A rebuilt wetslip boathouse that can hold a 21 ft boat and a three car garage are tremendous assets. Mature hedges around the perimeter of the almost half-acre lot provide excellent privacy, and the exterior stonework and perennial gardens add to the magic of this breathtaking property. The Long Point Association owns over 170 acres in the interior of the Point and maintains walking trails, tennis/pickleball/sports courts, a playground, and hosts regattas and other events throughout the summer.