Now offered with a compelling price improvement, this 1926 Spanish-style bungalow overlooking Lake Gracie presents a rare opportunity to own a piece of history with timeless charm and modern updates. Rich in character, the home showcases gorgeous original hardwood floors throughout the formal living spaces and an inviting wood-burning fireplace that anchors the living room with warmth and ambiance. French doors in both the den and primary bedroom open effortlessly to a spacious deck with tranquil lake views, creating a seamless indoor-outdoor lifestyle perfect for relaxing or entertaining. The lower level offers exceptional flexibility with a private entrance, additional bedroom, and multi-functional living spaces-ideal for an in-law suite, guest quarters, or income-producing apartment. Surrounded by nature, the backyard provides a peaceful retreat just steps from the Lake Gracie walk path and only one mile from the heart of downtown Eustis, where dining, events, and small-town charm await. This historic home, once owned by the notable Ferran family and located near Ferran Park, carries a legacy that blends beautifully with its present-day comforts. Thoughtful updates include a 2025 HVAC and water heater, 2022 roof and deck, 2021 window awnings, 2017 fencing, and a termite bond for added peace of mind. Additional features such as an RV/camper hookup, multiple parking areas, and a private driveway to the lower level enhance both convenience and versatility. Lovingly maintained and full of opportunity, this lakefront gem is ready for its next chapter.