This charming Lake Cherokee retreat perfectly balances nightly rental potential with the cherished option for owners to reserve it for their own family and friends. This three bedroom, 1 & 1/2 bath home features a separate lake lot with 63 feet of Lake Cherokee water frontage and a private boat dock conveniently located across the street. Recent updates include 2021 house shingles, 2022 luxury plank flooring and a mini-split H/A system, a 2025 water heater, new gutters front and back, and carport shingles. Enjoy double pane vinyl windows almost throughout, a private backyard fence, and a beautiful lake view from the front deck across the accompanying lake lot. All appliances, a Blink surveillance system, and the adjoining wooded lot included, with vacation furniture remaining negotiable. This property truly stands as a great full-time or part-time home, ideally suited for both enjoying life and making lasting memories.