Welcome to one of Lake Royale's most unique settings. 150 Big Horn Cove sits on a rare peninsula lot with water on three sides, giving you the kind of natural privacy that's nearly impossible to find in a gated lake community at this price point. This is not a standard lake-view lot, you are genuinely surrounded by water. The cottage is intentionally cozy, one bedroom, one and a half baths, 661 square feet, but the real living happens outside. A screened porch runs the length of the home and looks directly out over the cove, making it a four-season retreat you'll actually use. Wood floors, smooth ceilings, a gas cooktop, built-in refrigerator and freezer, and a walk-in shower keep the interior clean and functional. What you're buying here is the lot and the lifestyle. Lake Royale is a fully amenitized gated community with a pool, beach access, boat slip, dock, tennis, basketball, clubhouse, playground, and a fitness course. The HOA handles the community, you handle the porch time. Whether you're looking for a weekend escape, a short-term rental opportunity, or a low-maintenance full-time home on the water, this property delivers something genuinely rare: a waterfront peninsula setting under $250K.