An exceptional Lake Muskoka retreat featuring 1.38 acres with 200 feet of south-facing frontage, this beautifully renovated 5 bedroom waterfront cottage offers an incredible setting for enjoying everything Muskoka has to offer. Designed to maximize outdoor living, the property features a spectacular oversized saltwater in-ground pool at the water's edge, expansive multi-level decking overlooking the lake, a newly finished front porch, and a stunning newly built Muskoka room perfect for relaxing and entertaining while taking in the breathtaking views. Surrounded by mature trees, natural granite landscaping, and beautiful shoreline vistas, the property delivers outstanding privacy and incredible spaces for entertaining, swimming, boating, and enjoying long summer days on the lake. A single-slip boathouse adds convenience for life on the water. Inside, the renovated cottage showcases soaring 20-foot vaulted ceilings and a bright open-concept main floor with engineered hardwood throughout, all framed by stunning lake views. The main level features a spacious primary bedroom with ensuite, while the upper level offers three bedrooms and a bathroom. The fully renovated lower level adds excellent flexibility with another bedroom, bathroom, laundry area, and convenient kitchenette, making it ideal for hosting guests or extended family. Recent upgrades include extensive new decking, a new roof (2022), propane furnace, air conditioning, Generac generator, and an oversized septic system with potential to support future additional living quarters. Located on a municipally maintained road and offered fully furnished, this turnkey Lake Muskoka property is ready to enjoy immediately.