Welcome to Colonial Hills at South Down Shores! This move-in-ready home offers the space, flexibility & amenities you've been looking for in one of the Lakes Region's most desirable gated waterfront communities. Featuring a first-floor primary bedroom with generous closet space, two additional bedrooms upstairs, plus a bonus room that functions perfectly as a 4th bedroom, there's room for family, guests, a home office or game room. The updated kitchen features granite countertops, stainless steel appliances, and a brand-new stove & microwave. The spacious living room offers a wood-burning fireplace with blower fan. A convenient first-floor pantry/laundry room includes the washer & dryer, while updated full bathrooms on both levels add to the home's appeal. No need to worry about high oil prices! Enjoy an updated, highly efficient propane Monitor heating system with electric heat as a backup. Outside, the oversized patio backs up to a wooded area, creating a private setting that's perfect for entertaining or relaxing. A 1-car oversized garage provides added convenience & storage. The unit is scheduled for a new roof in 2027 with no special assessment. For boating enthusiasts, there is a rare opportunity to purchase the family boat rack in a separate transaction. South Down Shores offers a private association beach & clubhouse, approximately 4,000 feet of shoreline along beautiful Paugus Bay, waterfront greenbelt, private boat club, tennis, pickleball & basketball courts, bocce, walking trails & more. Close to Gunstock Mountain Resort, BankNH Pavilion, Lakeport Opera House, The Colonial Theater, snowmobile trails, dining, shopping & everything the Lakes Region has to offer. Cruise the community by golf cart in summer, enjoy the lake & beaches, then trade your golf cart for snowshoes or skis in winter. A perfect year-round retreat! Showings begin 10/12. Open House 10/17.