249 E Terrace Ave, Lakewood, NY 14750

Welcome to 249½ & 251 East Terrace, a rare opportunity to own a lakefront property on beautiful Chautauqua Lake with over 30 feet of shoreline, panoramic water views, and two homes on one lot. This unique property offers the perfect blend of lakeside lifestyle, flexibility, and investment potential. The main lakefront home features 3 bedrooms and 1.5 bathrooms, with inviting living spaces designed to capture the natural light and stunning lake views that make Chautauqua Lake living so special. Whether enjoying your morning coffee overlooking the water or gathering with family and friends, this home offers the perfect setting for everyday living or a relaxing lake retreat. Just steps away, the separate 1-bedroom, 1-bath guest home provides ideal space for extended family, visiting guests, or long-term rental income. Having two homes on one property creates endless possibilities for multi-generational living, vacation rentals, or a private guest cottage. Outside, enjoy direct lake access with over 30 feet of shoreline, perfect for boating, kayaking, fishing, or simply relaxing by the water. The property also includes a paved driveway and an exterior storage shed and is being sold partially furnished, making it easy to start enjoying lake life right away. An additional 25' x 101' lot located directly across the street is included, providing additional space and future potential. Located in a peaceful lakeside neighborhood with wonderful neighbors, this property is just minutes from Lakewood, Jamestown, Bemus Point, and Chautauqua Institution, giving you easy access to shopping, dining, entertainment, and all the recreation the Chautauqua Lake region is known for. Whether you are searching for a year-round lakefront home, a vacation getaway, or an income-producing property on Chautauqua Lake, this rare offering captures the beauty, lifestyle, and opportunity of true lakefront living.