Beautifully updated and meticulously maintained, this stunning waterfront retreat on Lake Nokomis offers the perfect blend of luxury, recreation, and investment potential. Currently operating as a successful turn-key vacation rental with strong rental history and bookings already in place for 2026, this rare opportunity includes a spacious 6-bedroom, 3.5-bath main home plus a fully remodeled 2-bedroom guest cabin above the garage. (MLS does not permit to put the guest cabin in the bed and bath count). Inside the main home, you'll find an inviting open-concept layout featuring a granite kitchen with newer cabinetry, hardwood flooring, and numerous updates throughout. Relax after a day on the lake in the sauna or gather with family and guests around the warm and welcoming living spaces. Major improvements include new windows throughout in 2019, a new furnace and central air system in 2018, and a backup generator for added peace of mind year-round. Outside, this property was designed for entertaining and enjoying Northwoods living at its finest. Enjoy beautiful sand frontage, a newer dock system, lakeside boathouse, private boat landing, oversized 2-car garage, outdoor kitchen with pizza oven, and beautifully landscaped perennial gardens. The remodeled guest cabin offers additional privacy and flexibility with 2 bedrooms, 1 bath, laundry room, screened porch, and excellent guest accommodations. Whether you're looking for a private family compound, income-producing investment property, or both, this exceptional Lake Nokomis property delivers. See floor plans for guest house layout and start enjoying lake life from day one!