A RARE OPPORTUNITY to create something truly special in one of North Peoria's most desirable areas! Situated on a nearly 3/4-acre cul-de-sac lot in a gated community on 83rd Avenue and Happy Valley Road, this expansive property needs updating and improvements but offers the space and features that are hard to find at this price point. The generous floor plan includes 5 bedrooms, with one bedroom conveniently located downstairs, plus a massive upstairs loft that opens to an expansive balcony with beautiful mountain views. Three fireplaces add warmth and character throughout the home, including fireplaces in both main living areas and a romantic double-sided fireplace in the primary suite and beside the soaking tub with jets. The sunken formal living room features dramatic vaulted ceilings, while the oversized family room offers a built-in wet bar with a serving counter--perfect for entertaining. A spacious formal dining area can accommodate even the largest dining table, and the home also includes a substantial eat-in kitchen. The chef's kitchen provides abundant cabinetry and counter space, along with a center island overlooking the dining area and step-down family room. Outside, the oversized lot is designed for both recreation and entertaining. Enjoy a private pool and spa, an outdoor fireplace, and a built-in barbecue with an adjoining seating area. A detached guest house offers exceptional flexibility as a guest suite, home office, gym, craft room, workshop, or additional storage. Vehicle and recreational storage are equally impressive, with a true 3-car garage, a 10-foot RV gate, and an extended driveway capable of accommodating multiple vehicles, trailers, and toys. Located near excellent shopping, dining, and a variety of highly-rated public and charter schools, including Liberty High School and Great Hearts, this property offers an outstanding combination of location, lot size, and long-term potential. For a buyer willing to invest the time and vision to update and beautify the home, this is a unique opportunity to build equity while creating a remarkable North Peoria estate!