Family compound, investment property, corporate retreat...this unique lakefront gem awaits its next distinguished owners. Boasting an unparalleled position on pristine Otsego Lake, this extraordinary Victorian Italianate farmhouse on five acres is beautifully situated at Cooperstown's prominent Five Mile Point. Built in 1876, the home has been carefully restored and thoughtfully expanded to 4000 square feet, exhibiting a seamless blend of the home's artful history with all the conveniences of modern life. The home has a history of significant income for weekly rentals during the summer and early autumn months. A long tree-lined drive past the large barn offers privacy from the road. Designed to fully embrace the home's exquisite location, the front veranda provides the perfect vantage point for surveying the panoramic, unobstructed views that encompass Otsego Lake. Inside, the floor to ceiling windows complement the setting in all seasons. The entry vestibule is flanked by a bright eat-in country kitchen, dining room and spacious media room. Upstairs there are five bedrooms, three bathrooms, and a convenient laundry room. There is an attached two car garage, and a cozy barn-wood paneled recreational den in the basement complete with radiant heated floors. The estate enjoys 680 feet of lakefront with a dock, boathouse, and fire-pit. The private beach offers swimming out to a floating swim platform. Lake access includes a boat launch and dock space. A large barn with cupola, has a seasonal apartment with two bedrooms, kitchen, workshop, estate office and lower level storage. Bounded by a brook below the barn on the north border, there is an 8-person jacuzzi hot-tub off the media room. The property is also adorned by specimen plantings, an apple orchard, and charming perennial gardens.