TWO waterfront lots with 550 ft of shoreline and spectacular lake views from this custom built home. The LR has a wall of windows facing the lake and souring rock & wood fireplace that is 2 stories high. The guest bedroom is downstairs & the upstairs master suite has a WBFP & high ceiling that opens to an enclosed sun/reading or exercise room. Spacious den/game or bedroom area is upstairs with a full bath. Sprawling deck on back of home plus an enclosed hot tub. Board walk to the boathouse with electric lift & large pier/deck. Oversize 3 car garage has storage/shop area & is deep enough for a boat with trailer. THIS HOME IS A BANK OWNED FORECLOSURE & HAS BEEN NEGLECTED IN RECENT YEARS & NEEDS UPDATING. ALSO THERE ARE 2 KNOWN DEFECTS THAT NEED TO BE ADDRESSED. 1. THE TILE IN THE LR IS BROKEN - REASON UNKOWN BUT THERE IS NO WATER IN THE AREA SO SPECULATION THAT SOMETHING HEAVY WAS DROPPED ON IT. 2.THE HOME WAS EMPTY WHEN THE TX BIG FREEZE OF FEB. 2021 OCCURRED AND THE PIPES FROZE AND BROKE - THIS CAUSED MINIMAL DAMAGE BUT A PLUMBING PROFESSIONAL ADVISES THAT ,ALTHOUGH THE LEAKS HAVE BEEN FIXED, THE INTEGRITY OF THE PIPES IS SUSPECT AND ALL OF THE PIPES NEED TO BE REPLACED - QUOTE ATTACHED FOR APPROX. $20,000. The owner expects the new owner will do extensive updating/upgrading & that the most efficient way to correct these issues is when when major renovations are being done anyway. The $450,000 price = $157 per SF reflects recognition of the cost of doing this work - THIS HOME ON 2 LAKEFRONT LOTS, UPDATED, WOULD COMMAND AT LEAST $200 PER SF. Summary - the home is being sold AS-IS. There is no sellers disclosure.