Rare opportunity to own a share in the highly sought-after North Beach Estates on the shores of Okanagan Lake. This lakefront paradise offers breathtaking waterfront views in a private gated community with no through road, creating the perfect retreat for those seeking peace, privacy, and an exceptional lakeside lifestyle. The home features a modern open-concept kitchen, dining, and living area, highlighted by large glass sliding doors that open onto a wraparound lakefront patio, seamlessly blending indoor and outdoor living. With 3 bedrooms and 2 full bathrooms, this rancher with a walkout basement provides comfortable space for family and guests, while the covered lower deck offers an additional area to relax and enjoy the stunning surroundings. Positioned with only one neighbour to the south and parkland to the north, the property enjoys a rare sense of seclusion. The front and side yards lead to your private dock complete with boat lift, making it easy to take full advantage of life on the lake. Numerous upgrades have been completed, including stainless steel appliances, upgraded electrical, and a new roof in 2012. A gated driveway and attached garage provide secure storage for vehicles, boats, and recreational gear. Ideally located in a rural setting with convenient access to both Summerland and Peachland, this unique waterfront offering is contingent upon the Right of First Refusal. Best of all, there is no Speculation and Vacancy Tax.