Stunning Ranch with Walkout Basement on Emerald Lake. Welcome to this one-owner, meticulously maintained ranch home in the highly sought-after Emerald Lake of Covington subdivision. Sitting on 1.09 acres with water views, this 5,012 sq. ft. home offers the perfect mix of luxury, comfort, and functionality. Built by Masterpiece Homes with 2x6 framing, quality is evident throughout. Step inside to find a thoughtfully updated interior featuring a remodeled kitchen and hearth room, a modernized living room with a sleek railing system leading to the finished basement, and an incredible primary suite. The primary bathroom is a showstopper, with a curbless, walk-in corner shower, dual vanity, and a dedicated grooming/makeup area. Every closet is equipped with a custom closet organization system. Just off the hearth room, you’ll find a large sunroom with tile floors, a service door to the exterior, and its own mini-split system, making it a fully finished & conditioned, year-round retreat. The main level also features a stylish home office with tile floors infused with real marble and gold specks, plus a high-end custom-built Grabil desk. Grabil cabinetry continues throughout the home, ensuring top-tier craftsmanship. The walkout basement is designed for entertainment and relaxation, boasting a home gym, full bar, and a theater room outfitted with an elaborate Control4 media system (included in the sale!). With three bedrooms (including a non-conforming basement bedroom) and three full bathrooms, there’s plenty of space to spread out. Outside, the brick exterior and oversized 4-car garage set the stage for impressive curb appeal. A circular concrete driveway leads to an expansive parking apron, perfect for hosting guests. The stocked pond in the backyard invites you to enjoy light recreational activities like fishing and kayaking. A major bonus—drainage improvements were made when the home was built, directing all water runoff into the pond, so no water collects in the lawn. Practical updates include a newer furnace, AC unit, and water heater, plus a fully decked and sheeted attic for storage. The home sits in the award-winning Southwest Allen County Schools (SACS) district. All appliances and the hot tub stay (but are not warranted). This is your chance to own a truly exceptional home in one of the area’s most desirable neighborhoods. Schedule your private tour today!