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 spacesideal 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.