Rare opportunity for lakeside living in the highly desirable Las Villas community of Calabasas. Ideally positioned directly on Calabasas Lake, this spacious 2,485 sq. ft. two story townhome offers 4 bedrooms, 3 bathrooms and beautiful lake views from both the interior and expansive rear patio. The inviting floorplan features a spacious living room overlooking the lake, formal dining room, well-appointed kitchen, laundry room and a versatile downstairs bedroom currently configured as a den. The downstairs room can be converted back to a bedroom, providing excellent flexibility for guests, a home office or multigenerational living. Large windows bring natural light into the home while capturing the tranquil lake setting beyond. Step outside to the generous rear patio and enjoy one of the property's most compelling features, an exceptional waterfront setting overlooking Calabasas Lake. Whether enjoying morning coffee, entertaining friends or simply relaxing at the end of the day, the setting creates a wonderful indoor outdoor lifestyle. A chair lift provides convenient access between floors and may be especially useful for someone with mobility limitations. Seller can remove the lift prior to close of escrow if requested. Properties in this sought after lakefront community seldom come to market. Las Villas residents enjoy a community pool, spa, tennis court, and valet trash along with access to private Calabasas Lake. Per the HOA, the homeowner may also have the opportunity to construct a private dock and keep a boat subject to HOA requirements and approval; buyer to independently verify all requirements and restrictions. Located within the award winning Las Virgenes Unified School District and just minutes from premier Calabasas shopping, dining and entertainment, with convenient access to nearby Warner Center. An exceptional opportunity to enjoy the privacy, scenery and lifestyle of a home on Calabasas Lake.