Perched high above the shimmering waters of Central Alberta’s premier recreation destination, this 15.96-acre estate offers a vantage point like no other. Imagine waking up to sweeping mountain, town, and lake views from your custom-built dream home or a masterfully renovated vintage farmhouse. This isn’t just a homesite; it’s a lifestyle. The property features a classic 1964 bungalow with a solid foundation, a recently upgraded septic tank (holding tank), and a secure automatic entry gate. The infrastructure is unparalleled: a heated 40'x56' arch-rib Quonset, a classic hip-roof barn, and multiple sheds. The Ultimate Bonus: Enjoy an immediate $9,000+ annual revenue stream from a Town of Sylvan Lake water well lease site—featuring a 2% annual increase - and approx. $800+ annually for 8 rented acres. Located steps from the public boat launch, world-class golf, and town amenities, this is the rare opportunity to own the "best seat in the house" while the land pays you to stay.