Very rare lake front property in the charming hamlet of Water Mill. Lake Nowedonah or Mill Pond is an 85+/- acre lake fed by natural springs and in a chain of ponds that connects with Mecox Bay. Sailing, Kayaking, canoeing are enjoyable pastimes on the lake as well as bass fishing. The main house is shingled style and sited on 3+/- acres with 285+/- feet frontage on the lake. The floor plan includes a waterside Living room with a fireplace, a formal dining room, a large eat in kitchen/family room with a fireplace and a sunroom; there are 5 bedrooms and 4.5 baths. In addition, there is a very pretty and legal guest house on the property that has a Living/dining great room, a kitchen and one bedroom with a bath. There is a full basement in both guest house and main house, a 2.5 car garage, 2 docks and a 16 x 38 pool. This property is excellent value given its location on Mill Pond,its legal guest house and appealing price.