PRIVATE LAKEFRONT home offers breathtaking 270-degree WATERFRONT views. Step through the front door and be greeted by PANORAMIC lake views. Beautifully designed, this light-filled, multi-level home has everything you need to live the ultimate lakeside lifestyle. The open-concept layout flows seamlessly between indoor and outdoor spaces, showcasing expansive water views from every room. The main living area boasts an expansive OVER THE WATER deck, perfect for enjoying a morning coffee as you watch the sunrise over the lake or relaxing in the evening as the sun sets in dazzling colors. The spacious living room—the home's centerpiece—features LAKE VIEWS and a cozy fireplace that will captivate your guests. Enjoy entertaining in your luxurious lakefront dining room, complete with custom built-ins. The kitchen is a chef's delight, with well-maintained appliances, plenty of counter space, and exceptional lake views! A charming LIBRARY/DEN offers custom shelving and a beautiful library ladder. It is the ideal spot for your home office or book lovers' haven. The second bedroom, bathed in natural light, is located on this level along with a full bath. The PRIMARY SUITE is a SERENE RETREAT, offering a cozy sitting area with a romantic fireplace, large windows with unparalleled LAKE VIEWS, and a luxurious en-suite bath featuring a deep soaking tub, step-in shower, dual vanities, and an oversized walk-in closet. The home has been nicely finished with fresh paint, and plush new carpeting, allowing you to personalize to your unique style and taste. Additional features include a large Laundry Room, with a laundry sink, Tankless Water Heater, newer Heater & Air Conditioner PLUS a BONUS storage room for all your organizational needs. LAKEFRONT LUXURY LIVING with elegance, and comfort. The Woodbridge community is known for its resort-style amenities, including two lakes with sandy beach lagoons, 20 pools, pickleball and tennis courts, and miles of scenic walking paths. Plus, this home is just steps from South Lake Lagoon, & nearby award-winning schools, shopping, and dining. You are located in the heart of Irvine, ranked as one of the safest cities in America for more than 17 years. 16 Waterway is more than a home—it’s a lifestyle. Meticulously maintained by the same homeowner for over 40 years! This lakefront gem is your opportunity to create your personalized haven and own a piece of paradise in one of Irvine’s most coveted communities. No Mello Roos.