This unique .52 ACRE LOT in highly sought after Swansea Point is priced BELOW ASSESSED VALUE. A rare opportunity to develop and complete a cozy residence, this rancher is fully framed for open concept living with kitchen, main bathroom, great room, primary bedroom and ensuite bathroom with walk-in closet. Completed work includes new windows, 200amp electrical, roughed-in plumbing and in-floor radiant heat; while the exterior is clad with durable cement board siding (ready to paint). Co-operative water (Fallen Rock Water Society) and sewer make this site ready for customizing your home or investment property. Beautiful garden doors open to the private south facing yard which boasts massive cedar trees, a flat site and RV hookup - just build your new deck and enjoy morning coffee in complete privacy or long summer evenings overlooking your oasis. Development possibilities are endless - CSRD approval is in place for a 30x50 garage w/studio, plans are available. Mara Lake is steps away, as are several public beaches and a public boat launch. Swansea Point is 1.5 hr to Kelowna International Airport (YLW), 1 hour to Silver Star Mountain and 1 hour to Revelstoke Mountain Resort. CSRD Building Permit remains open until March 2026. *LIVE & LOVE LAKE LIFE*