Possibly a once in a lifetime opportunity to own this mid-century mod cottage located in the coveted Rex Terrace Association on Elk Lake. The rich history of this land began in the early 1900s and has been enjoyed by families for multiple generations. This was originally built as a a year-round caretakes home and continues to be one of very few that are used year round. This home sits perched on a hilltop, across from the shared recreational area and overlooking the courts; a space which can NEVER be built on, which means your panoramic view of Elk Lake can never be developed. The home has a modern, open feeling with beamed ceilings and stone fireplace. Brand new roof, Pella Windows and Sliders have been installed, as well as the exterior of the home has new stain and trim. There's a drive-under attached 2-car garage and a 28x48 pole building with 220amp service. The ammennities the Association offers to all of its owners and guests include 1800 ft of shared, private Elk Lake frontage, boat docking, club house, sun deck, tennis and pickleball court, laundry and play house. Plus there are trails throughout for a leisurely stroll. This home has never been on the open market and it is RARE that any homes ever are. Rex Terrace is a timeless Northern Michigan gem, that you have an opportunity to continue to cherish and enjoy for years and generations to come.