7270 Panorama Drive E Exquisite waterfront living awaits, with panoramic views of Lake Palestine from nearly every window. Approximately 246 feet of shoreline, spanning three lake lots and nestled in a quiet peninsula on a cul-de-sac. Due to the additional lease back area, this 2694 Sqft home may sit on approx 0.80 acre, in a neighborhood that still allows short-term rentals. This could be an exceptional investment opportunity, weekender, full time residence, or all of the above. With this layout, you have options. Enjoy lake life year-round with a boathouse featuring two slips and motorized lifts. The home has been beautifully updated inside and out and includes three bedrooms, two full bathrooms, multiple living areas, and a generous flex space with a large walk in closet that could be a fourth bedroom plus a utility room. Upper main level includes a living area with custom built-ins and a fireplace and large dining area. Granite countertops, updated stainless-steel appliances, and reverse osmosis in the kitchen. Two spacious bedrooms each with lake views and a full bathroom with a large walk in shower. Multiple exterior entrances and plenty of parking on both levels allow for easy guest access, with no stairs required. The lower level offers a private primary suite with breathtaking lake views, attached full bathroom, also accessed by another living room with a cozy wood stove. A large utility room, and an oversized flex space with a large walk-in closet that could easily serve as a fourth bedroom. Outdoor living is just as impressive, featuring wraparound patios and decks facing the water on both levels, perfect for enjoying sunsets and lakeside entertaining. Recent improvements include a brand-new roof, full exterior and interior paint, newer windows throughout, and new flooring, giving the home a fresh, modern feel and more! Meticulously maintained, this property offers space, privacy, and income potential, a rare find on Lake Palestine.