Lake Winnipesaukee waterfront with immediate use today and valuable flexibility for the future. This charming year-round cottage at 20 Boat Cove Road sits at the end of a private street, in a quiet cul-de-sac that you own. This home offers privacy, ample parking, room for pets and guests, and waterfront with a permanent deep-water dock in a calm cove with crystal-clear water. Enjoy the property exactly as it is, make improvements over time, or plan for a future build when the timing is right. The expanded 0.46-acre lot provides excellent usable space and flexibility. To save time and reduce uncertainty, all construction permits are already in place, including a state-approved three-bedroom septic design and architectural plans for a larger home of up to 5,000 sq. ft. With those existing approvals secured, buyers looking to expand have several options, including adding on to the current cottage, building the approved 5,000-square-foot home, or creating something in between. This is a rare chance to own a waterfront home on Lake Winnipesaukee at an attractive price point, while keeping the option to create something more substantial in the future. Minutes from Alton Bay activities/attractions, Gunstock Mountain Resort, restaurants, BankNH Pavilion, and more. This waterfront home combines privacy and long-term potential in one of the Lakes Region's most desirable settings.