Welcome to 19940 Oakmont Drive, one of the only waterfront properties in Los Gatos! This rare lakeside retreat sits on an expansive lot with direct beachfront access to Lexington Reservoir and award-winning Los Gatos schools. The updated main house features 3 beds and 2 baths (county records show 2 beds and 1 bath due to additions), an upgraded kitchen, vaulted ceilings, and breathtaking views from every room. A separate bonus room is perfect as a guest house, office, or studio. This property's large lot offers endless possibilities. Whether you envision adding outdoor entertainment spaces or creating a private garden oasis, this rare lakeside setting provides ample space to bring your vision to life. Multiple terraces and decks create the perfect setting for outdoor gatherings, while the private firepit with camping-style seating makes for unforgettable nights under the stars. Enjoy kayaking, paddleboarding, and fishing from your own shoreline. Explore the property's private access to the mythical Fountain of Youth for a true adventure. Located just minutes from Downtown Los Gatos, this property offers easy access to premier shopping, dining, and entertainment. Despite its peaceful, private setting, all the amenities of Silicon Valley are within reach.