Where lake life begins! At the end of the Leland River, sitting graciously where North Lake Leelanau begins, this treasure is being offered for the first time. This unique 0.43 acre property has 113 feet of pristine lake frontage, and at the heart of the new Penwood enclave. This quintessential Leland cottage has 100 years of history offering an opportunity to greatly restore this charming structure or remove and start anew. The blank canvas offers a palate of gentle contours, gorgeous tree canopy, close proximity to town, a private road and turnaround, a neighborhood of finely built luxurious homes, and room to design and build one's own homes creating a new century of Leland memories. This historic cottage is reminiscent of the Adirondack-style family retreats where the focus was on gathering spaces indoors and out providing several spaces perfect for making memories for years to come. The house features large screened-in lakeside porch with dormers overlooking a large open lawn with sunrise views over North Lake Leelanau. A cozy living area to enjoy fireside family stories and games surrounded by wood flooring and knotty pine walls. Large dining area for meals, and practical kitchen. Five bedrooms upstairs with a one and three quarters bath.