Nestled on the desirable Lake Almanor Peninsula, just minutes from Big Cove Resort, Knotty Pine Marina, Waganupa Brewing, and Tantardino's Restaurant, this classic Diamond National Chalet is your perfect year-round mountain getaway. Proudly owned by one family for over 50 years, this lovingly maintained 3-bedroom, 1.5-bath cabin offers the warmth, character, and charm that only time can create. Step onto the expansive 465 sq ft entertaining deck—ideal for BBQs, stargazing, or relaxing with friends and family. Inside, you'll be greeted by soaring knotty pine tongue-and-groove ceilings and a cozy Napoleon propane stove set on a brick hearth, giving the living space that quintessential cabin feel. The kitchen features durable laminate counters, a newer stainless-steel dishwasher, and a classic range and refrigerator for easy meal prep. The main level includes one bedroom with rich wood finishes and a full bath with a solid surface vanity and tub/shower combo. Upstairs, vaulted wood beam ceilings continue the rustic aesthetic, where you’ll find two additional bedrooms, a half bath, and a charming private deck—perfect for morning coffee or evening wine with a view. Additional features include a newer roof (2020), fresh exterior paint (2021), and a 1,500-gallon septic system (installed in the early 2000s). A separate 25’ x 23’ parking area at the top of the property provides ample space for guests or boat parking, with stairs leading down to the home. Whether you're searching for a family vacation retreat, a short-term rental investment, or your own peaceful escape, 542 Manzanita Way offers a rare opportunity to own a slice of Lake Almanor charm—neat, clean, and ready for your next chapter.