Wonderfully located in the Bay Hill area of Dr. Phillips, this beautiful 3-bedroom, 2-bathroom waterfront home offers a rare opportunity to live on the lake in the highly sought-after Bay Lakes neighborhood. The home sits on an expansive 3/4-acre lot with a long driveway leading to the house, which is set back for added privacy. This home is ideally located next to a community park with two lakes, fishing docks, pickleball and basketball courts, and a playground, making it perfect for those who enjoy outdoor activities. With low annual HOA fees, you can enjoy these amenities without breaking the bank. Inside, the home boasts a 19' x 21' great room with an impressive stone fireplace, high cathedral ceilings and sliding doors opening to a 20' x 20' screened in lanai which overlooks the huge backyard and lake. From the breakfast nook, the large single glass bay window provides breathtaking views of the tranquil lake. The property also features irrigation supplied by lake water for efficient lawn care. Situated in an excellent school district, minutes to I-4 and Sand Lake Road, Restaurant Row, Trader Joes, this property offers both luxury and convenience in a prime location. Don't miss out on this unique opportunity to own a lakefront home in Dr. Phillips! Bring your canoes and paddleboards and experience lake life everyday! The roof was replaced in 2022.