481 Cheyenne Lane Welcome to a rare waterfront opportunity in Natchez Trace Village-set on a 1.2-acre lot with an extraordinary 330 feet of private lake frontage. From the moment you step through the door, the home opens into a stunning 600 square foot great room with vaulted tongue-and-groove wood ceilings, floor-to-ceiling brick fireplace, and expansive windows framing sweeping lake views. Natural light and water views anchor the main living space, creating an immediate sense of openness and calm. Designed for both everyday living and unforgettable entertaining, the outdoor space is truly exceptional. A sprawling 900 square foot elevated patio offers panoramic lake views complemented by a covered porch, tiered fountain, mature trees, and established landscaping-providing both beauty and privacy in a one-of-a-kind setting. The flexible floor plan includes five bedrooms, three fully renovated baths with tile finishes, and separate office/library spaces with custom built-ins. A split layout offers potential for a private guest or mother-in-law suite. Recent updates include new LVP flooring throughout, fresh interior and exterior pain, updated fixtures, and new appliances, blending modern touches with timeless character such as solid pine doors and detailed woodwork. Additional features include a circular drive with ample parking and thoughtfully designed outdoor spaces that maximize the home's elevated position above the lake. The home has been professionally evaluated and stabilized by a reputable local firm, with documentation available, offering added peace of mind. This is a unique opportunity to own a property that combines scale, character, and exceptional waterfront living in one of Madison's most established neighborhoods.