Central Florida lakefront home with an in-law suite and home theater!!! Welcome to 1202 W. Lake Otis Dr SE in beautiful Winter Haven, FL. This impressive lakefront property is the perfect place to call home year round, as a winter retreat or a prime addition to your Airbnb portfolio. Situated on a quiet street and a spacious 1/2 acre lakefront lot, this property offers 100' of frontage on the pristine shores of Lake Otis, part of a 3 lake chain. Home provides an in-law suite as well as 3 generously sized bedrooms, 2 additional baths, an open floor plan with great room, dining room, kitchen, home theater and stunning lake views. The guest/in-law suite has its own entrance and features a studio style living space with a full bath, walk-in shower, walk-in closet and new A/C (2023). This area is perfect for passive rental income (Vrbo/Airbnb), teens, in-laws or guests. Inside the main home you'll find a large 16x25 great room featuring tile floors, vaulted ceiling with an exposed wood beam and a wall of sliders that perfectly frame the waterfront setting. The dining room is located between the great room and kitchen, creating a seamless flow for entertaining. Newer stainless appliances including a double oven with convection can be found in the kitchen along with a touch activated sink faucet, trendy upper open shelving and French doors with amazing views and access to the patio. Master suite features timeless terrazzo flooring, a wall of sliders with more gorgeous lake views and an en-suite bathroom with a walk-in shower. The second bedroom is updated with new paint and stylish plank tile flooring. A third bedroom offers terrazzo floors, tongue and groove wood ceiling and lake views. The guest bath is conveniently located next to the guest bedrooms and has a tub with shower. Never buy another movie ticket with this home's state-of-the-art home theater that was just built in 2020/2021 with a front row love seat, 2 front row and 4 elevated back row power reclining theater seats that are equipped with cup holders and charging stations, floor and ceiling lighting, shaking floor speakers for the ultimate theater experience, a 175" projection screen, 4K Epson Pro Cinema 4050 Projector, 5 standard speakers, 3 subwoofers, an AMP, a granite-topped mini bar with refrigerator and popcorn machine, wall mounted interchangeable movie poster frames with lights and its own A/C (2 years old). This theater will provide friends and family endless hours of entertainment. The front yard is landscaped with tiered elevations accented by brick walkways and a brick front porch with covered lounging space. The brick continues to the back of the house where a massive patio can be found with uninterrupted water views, lots of room for outdoor furniture and a built-in Blackstone Griddle with exhaust, perfect for summer bbqs, waterski sessions or a place to unwind on a perfect Central FL night. Spend the weekends boating, fishing and skiing on beautiful Lake Otis, Little Lake Otis and Lake Link (all 3 connected and navigable by canals). Other notable features: NO HOA, 2 main home A/C units (one new in 2023 and the other approx. 5 years old), inside laundry closet with washer and dryer connections, storage closet, pantry, tankless water heater, metal roof and more. Centrally located between Tampa and Orlando and only 5 minutes from schools, shopping, medical facilities and LegoLand FL. Come experience the FL lake life!!