Welcome to this one-of-a-kind property in Newport, Vermont, offering convenience, a prime setting, and exceptional versatility. The main residence features approximately 3,600 square feet of living space designed for both everyday comfort and entertaining. The first level includes a generous kitchen, ideal for gatherings or hosting, along with two dining areas, a sitting space overlooking the lake, and a large living room highlighted by cathedral ceilings. The primary bedroom with a private en-suite bath, a dedicated office or study, and a laundry area complete the main level. The second level is accessed by an elegant staircase leading to an additional seating area, two bedrooms each with their own private bathrooms, a game room, and a wet bar-providing flexibility for guests or extended living arrangements. This turn-key ready and fully furnished property also includes three income-producing units, making it well-suited for owner-occupied investment, rental potential, or multi-generational use. Additional features include 200-amp electrical service, high-speed internet, a whole-house generator, radiant floor heating, multi-split cooling systems, and ample storage throughout. Outdoor amenities feature a putting green and pavilion, creating inviting spaces to relax or entertain. Enjoy lake views of Lake Memphremagog while being just minutes from downtown Newport, with convenient access to restaurants, shopping, the hospital, schools, and local attractions. This property offers a rare combination of space, functionality, and income potential in a desirable location.