LAKEFRONT LUXURY LIVING! This one-of-a-kind PRIVATE WATERFRONT home offers an unbeatable blend of elegance, comfort, and breathtaking 270-degree LAKEFRONT views. Step through the front door and be greeted by PANORAMIC lake views. With 2 bedrooms, 2 baths, and nearly 1,947 square feet of beautifully designed, light-filled expanse, this 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 nearly 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—step into your luxurious lakefront dining room, complete with custom built-ins. The gourmet kitchen is a chef's delight, with well-maintained appliances, plenty of counter space, and exceptional lake views! The charming LIBRARY/DEN offers custom shelving and a beautiful library ladder, ideal for book lovers. 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 huge but 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. It has been finished with rich hardwood floors, fresh paint, and plush new carpeting. Additional features include a Laundry Room, Tankless Water Heater, newer Heater & Air Conditioner PLUS a BONUS storage room for all your organizational needs. The Woodbridge community is known for its resort-style amenities, including two lakes with sandy beach lagoons, over 20 pools, pickleball and tennis courts, and miles of scenic walking paths. Plus, this home is just steps from South Lake Lagoon, & moments away from 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. 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—don’t miss out! Schedule your private showing today! No Mello Roos.