A rare opportunity to create a legacy family compound on iconic Lake Muskoka. Set on picturesque Pine Island, this exceptional west-facing offering combines a beautifully appointed waterfront cottage with an adjoining vacant lot, providing an extraordinary 618 feet of shoreline and over 4.3 acres of private waterfront. Just a 5-minute boat ride from Gordon Bay on Lake Muskoka, this water-access property offers the perfect balance of convenience, privacy, and the timeless Muskoka lifestyle. The existing 3,919 sq. ft. cottage features 4 bedrooms and 4 bathrooms, nestled among mature trees and overlooking the lake with breathtaking sunset views. At the water's edge, the three-slip, two-storey boathouse creates an incredible setting for entertaining, relaxing, and making lasting memories with family and friends. The boathouse also offers an additional 1-bedroom, 1-bathroom guest accommodation, while all three boat slips are equipped with Sunstream boat lifts. Two additional Sea-Doo slips with Sunstream lifts further enhance this exceptional waterfront setup. The adjoining vacant lot further elevates this unique offering, presenting exceptional development potential with deep water, easy building conditions, and the ability to construct a custom cottage with a total development footprint of approximately 6,000 square feet, including the opportunity for a two-storey boathouse (subject to applicable approvals and regulations). Whether enjoyed as an expansive private estate, a multi-generational family compound, or a legacy property to be cherished for generations, opportunities like this on Lake Muskoka are exceptionally rare.
Address
M81 Pine Island #1 & 1b Island
List Price
$4,615,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Muskoka Lakes
Sub-Area
Monck (Muskoka Lakes)
Region
Muskoka
Bedrooms
4 + 1
Bedrooms (Total)
5
Rooms Above Grade
9
Bathrooms
5
Floor Area
3500-5000 Sq. Ft.
Lot Size Source
MPAC
Lot Size Range (Acres)
2 - 4.99
Lot Size Units
Feet
Lot Width
619
Parcel Number
481960252
Occupant Type
Owner
Cross Street
North side of Pine Island
MLS® Number
X13542488
Listing Brokerage
Royal LePage Lakes Of Muskoka - Clarke Muskoka Realty
Basement Area
Walk-Out, Full, Finished
Postal Code
P1L 1W8
Posession Details
TBA
Parking Places (Total)
3
Parking Spaces
2
Tax Amount
$15,617.36
Tax Year
2025
Site Influences
Waterfront
Interior Features
Central Vacuum, Auto Garage Door Remote
Central Vacuum
Yes
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Disclosures
Easement
Board Or Association
One Point Association of REALTORS
Heat Source
Electric
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Wood , Stone
Direction Faces
North
Fireplace
Yes
Fireplace Features
Wood
Foundation Details
Poured Concrete
Garage
Yes
Garage Type
Attached
Covered Spaces
1
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Shake
Tax Legal Description
See Schedule B
Water Source
Lake/River
Water View
Direct
Waterfront
Yes
Docking Type
Private
Waterfront
Direct
Waterfront Accessory
Boat House, Two Storey, W/Accommodation Above
Waterfront Features
Stairs to Waterfront
Water Frontage (Feet)
188.64
Water Body Name
Lake Muskoka
Water Body Type
Lake
Shoreline
Deep, Natural, Rocky
Shoreline Allowance
Owned
Access To Property
By Water, Water Only
Alternative Power
Other
Sewer
Septic
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Foyer | 2.5 x 5.02 | |
| Main | Living Room | 7.53 x 4.99 | |
| Main | Dining Room | 5.36 x 2.74 | |
| Main | Kitchen | 5.36 x 2.74 | |
| Main | Sunroom | 4.54 x 5.78 | |
| Main | Powder Room | 2.26 x 1.51 | |
| Main | Sitting | 4.75 x 5.62 | |
| Main | Primary Bedroom | 4.49 x 5.62 | |
| Main | Bathroom | 2.38 x 3.46 | 3 Pc Bath |
| Lower | Recreation | 9.45 x 8.29 | |
| Lower | Bathroom | 2.36 x 2.25 | 3 Pc Bath |
| Lower | Utility Room | 7.42 x 2.42 | |
| Lower | Bedroom | 4.68 x 5.53 | |
| Lower | Laundry | 2.06 x 2.05 | |
| Upper | Bedroom | 2.48 x 4.28 | |
| Upper | Bedroom | 2.4 x 4.28 | |
| Upper | Bathroom | 2.31 x 1.54 | 3 Pc Bath |