121 Adams Ext Once-in-a-lifetime opportunity to own a bluffside lodge overlooking your own 5-acre stocked lake and 23 acre farm with a shop and barn, conveniently located with the house enjoying all the amenities of Selmer city limits while half the property is in the county. This is the perfect sustainable homestead property with lots of water, rich bottomland to grow crops, and no restrictions on livestock. The 3, 400sf house is heavily custom built with plenty of room for entertaining and enjoying the lake view on the huge 40' x 13' back deck. HVAC, roof and siding are all NEW as of 2025. The living room's 50, 000 BTU Mendota gas log fireplace and custom stone mantle were added in 2015, and extensive stainless updates were made to the kitchen in 2018. A whole house water filtration system is included, along with an oversize 80-gallon, glass-lined water heater. The vaulted upstairs room with private balcony could make a dreamy master bedroom or an inspiring den. Upstairs contains 3 enormous walk-in closets for plenty of storage. The partially finished basement is plumbed for natural gas so a second fireplace or other gas appliances could be installed. The 1, 500sf, 2 bay shop is insulated, heated and cooled. Other outbuildings include an insulated, electrified smaller shop with water, an old barn with multiple stalls that could be used for livestock or as a kennel, and a large, fully-functioning grain silo that could be used for grain storage or converted into an Airbnb. House and barn are connected to city water, and the barn is plumbed with gravity fed water from the lake. A functioning well also exists on the property. The house is currently on septic that was renewed in 2017, and city sewer hookup is available if desired. The gated and fenced property includes a well and over 20 underground springs that feed the continuously flowing lake. A rich bottomland hay field of nearly 10 acres planted in a warm-season hay mix perfect for cattle or horses completes this mini-farm. With 1, 200 feet of road frontage around the top of the lake, this property could be subdivided and developed into many beautiful lake view homes by an investor or developer. Virtual staging used in some photos. An adjacent .28 acre lot is also for sale as part of this listing. Owner is an immediate family member of agent. For showings, put Selmer Civic Center into GPS. After passing Civic Center, take the second left onto Perkins Ln. Follow until it terminates and you'll be looking at the gated entrance to the property.