Right in the heart of downtown Lakeport! Just under 1/3 of an acre, and only one block up from Main Street, the brand new community park, and within walking distance to restaurants/shopping and all local events. This elegantly appointed 2168 sq. ft., 4bed/4bath farmhouse style home is fully renovated with the beauty of the circa 1863 construction in mind. Turn of the century charm with all the modern conveniences such as central heat/AC, updated plumbing/electrical. Functional corridor style commercial kitchen complete with high end Wolfe propane stove and recently freshly painted cabinets. Spacious dining nook with many windows overlooks back yard. Main level spacious living room, two bedrooms, each with their own private bathroom. Upper level consists of two additional bedrooms, also with their own bathrooms, a small sitting room between, and a large balcony facing out toward the Lake. Second dwelling is an impressive 812 sq.ft. DETACHED GRANNY UNIT (Carriage House) complete with full kitchen, 1bed/1bath, and open living room. Popular rental unit in the past. Large fenced in yard filled with mature landscaping from wisteria to a giant redwood tree. With two complete homes, R3 city zoning, and an absolutely perfect central Lakeport location, this property has so much to offer for so many different types of buyers. Formally known as The Forbestown Inn, this could now be a great option for any buyer looking for a main home with granny unit for their family, or as an income producing rental, possible vacation rental home, or even another possible live-in/business type purchase. Easy access to the Lake, shopping, public transit, parks, dining, and all of the fun downtown events that Lakeport has to offer!