Welcome to this magical quintessential fairy tale cottage! Located lakeside in the Palisades area at Orchard Bay and only a short walk to the water's edge via #10 ALA gate with gentle walking trails to village and beach clubs with full lake rights for your summer fun. Enjoy Lake Arrowhead Village's seasonal entertainment, dining, and shopping all within minutes of arrival! This one of a kind vintage Craftsman (circa 1951) has been updated while maintaining it's authentic charm and integrity. The words “Once Upon a Time” come to mind when you visit this historically relevant home once owned by the Waterman family (aka Waterman Cyn. Rd). Old world cobblestone stairs and a meandering pathway lead you right to front door and your fairytale journey begins! Step inside to a open airy floor plan accented with nostalgic character and careful restoration. The main level living room has beamed ceilings, Pickford tongue and groove wall paneling, a Craftsman brick fireplace, refinished and original Douglas fir wood flooring, 2 large wood paned windows that over look the huge patio areas front and rear both nodding to the majestic pine, cedar and dog wood trees that abound. A generously sized master suite on main level has board and batten walls, new tile and a new frameless shower door. The kitchen and dining rooms are updated with new cabinetry, granite, and stainless appliances. Additionally on main level a guest bedroom that currently functions as an artist studio/laundry area with brand new stackable washer and dryer. Moving up the winder stairs, a study/den area with built in desk and 3 additional guest bedrooms, one being perfect for a cozy kid get away. Other improvements include dual paned windows, new interior wood treatments, paint inside and out, new floor coverings, curated furnishings professionally appointed, multiple outside areas with new sprinkler system and leaf gutter system. Great vacation retreat, weekend get aways, or investment opportunity for your family generational wealth. Opportunity knocks at this sought after location offering a taste of classic Lake Arrowhead lifestyles at the lake! THIS HOME IS OFFERED TURNKEY FURNISHED WITH A FEW EXCLUSIONS