This delightful property provides both a beautifully restored lakefront home and a fully functioning guest cottage with smashing lake and city skyline views. This lovely 1930's Federal Home provides incredible sophistication and versatility. The main home had a $500,000 renovation in 2003. Architectural elements were kept and combined with an updated living style. Most of the home's interior was taken to the studs and completely rebuilt. This included the kitchen, living room, master suite and 4 full baths. Additional improvements included a quarter turret entry way, bay window w/ lake view, major guest cottage renovation, decking, pathways, newer roof, and heat, entire 2nd floor renovation, bedroom with full bath on the 1st floor, and bedroom/office and full bath in the lower level. The guest cottage provides the ultimate in entertaining. It is an utterly charming space with amazing views, gorgeous woodwork, a petite kitchen, bedroom, full bath, sumptuous stone fireplace, lakefront sunroom with glass slider doors, deck and patio. This heated cottage can be used year round. A serpentine hillside pathway leads to the beach below. This property is defined by the sweeping expanse of lawn, guest cottage & main home livability, versatility and absolutely stunning views. What a wonderful property to enjoy for everyday living and fabulous entertaining. Location is 5 minutes to downtown, 15 minutes to the Cleveland Clinic or Airport, close to parks and shopping. Very special.