Lake San Marcos Living – Update & Build Instant Equity! Don't miss this rare chance to own a "Single-Level" townhome with an attached 2-car garage in the highly desirable community of The Colony—an upscale neighborhood within Lake San Marcos known for its sweeping panoramic views and charming ambiance. Priced below market due to its dated condition, this home offers a fantastic opportunity for a new owner to bring their personal touch and vision to life. This spacious and well-designed floor plan features 2 bedrooms and 2 bathrooms, (with optional office or third bedroom) provides flexible living options. The expansive living and dining areas are filled with natural light, thanks to vaulted ceilings and large picture windows and sliding glass doors that showcase picturesque views of the surrounding mountains, golf course, city lights, and vibrant sunsets. The kitchen offers abundant cabinetry and countertop space, along with a cozy breakfast nook perfect for enjoying your morning coffee while taking in the view. The generous primary suite is thoughtfully separated from the other bedrooms and includes an en-suite bathroom and direct access to the patio area—ideal for relaxing and enjoying the scenery. Located within walking distance to two golf courses, the Amalfi restaurant, and local hiking trails, this home offers not only a peaceful setting but also easy access to resort-style amenities. The HOA includes membership to the Lake and Lodge, with access to tennis and pickleball courts, two heated pools, fitness center, clubhouse, lake activities, billiards, and more. A truly special opportunity in an unbeatable location—come see the potential and make it your own!