This is a rare once-in-a-generation opportunity to own an iconic waterfront compound in coveted Melvin Village on Lake Winnipesaukee. Set on 6.5 private, level acres with over 300 feet of pristine lake frontage, this extraordinary property offers a combination of scale, privacy, grandfathered waterfront structures, and future potential that is seldom available on the Lake. Sweeping southern exposure and panoramic views across Melvin Bay to the Belknap Mountains & Gunstock Mountain Resort, the setting is nothing short of spectacular. The property includes a walk-in sandy beach, permanent docks with four boat slips, all-day sun, and breathtaking sunsets throughout the year. The compound features three distinct residential structures thoughtfully designed for entertaining, hosting guests, and multi-generational living. The main residence offers 3bd and 2.5 baths, highlighted by a spacious chef's kitchen, generous dining and gathering spaces, office, screened porch, and a first-floor primary suite. A heated 4 car garage includes a beautifully updated one-bedroom apartment above, while the grandfathered residential boathouse sits directly at the water's edge with 2 bd, 2 baths, and nearly 180-degree water views from its unparalleled lakeside setting. Add'l amenities include a detached three-car garage, substantial boat barn storage, beautifully landscaped grounds, patio spaces, gazebo with hot tub, & exceptional room for boats, vehicles, recreational equipment, & lake-life entertaining. Equally compelling is the property's long-term versatility. Whether enjoyed as a private family retreat, legacy estate, vacation compound, or investment opportunity, the double-lot configuration and favorable zoning may allow for future expansion or additional residential structures, creating a truly unique opportunity on one of New Hampshire's most sought-after lakes. Seeing this property in person is the only way to fully appreciate the scale, privacy, views and lifestyle it offers.