Price reduced. Lake Winnipesaukee lifestyle o Renovated interior o Gated waterfront community. Welcome to 9 Falls Way in The Fells at South Down Shores, a renovated 4-bedroom, 3-bath home located within one of Laconia's premier lakefront communities. Set in a quiet meadow-like area surrounded by landscaped common spaces, the property offers a sense of privacy while remaining close to the many amenities South Down Shores is known for. Inside, vaulted ceilings and dramatic floor-to-ceiling windows bring abundant natural light into the main living areas, creating an open and inviting atmosphere. The layout flows from the dining area into the updated kitchen, which features custom cabinetry, stainless steel appliances, granite countertops, and a center island with seating designed for gathering and entertaining. The sunken living room adds character with a floor-to-ceiling brick fireplace and sliding glass doors that open to a private patio-ideal for relaxing outdoors or hosting guests. The first floor includes an oversized primary suite with walk-in closet and a tiled walk-in shower with double vanity. A second bedroom and full bath on the main level offer flexible space for guests or office use. Upstairs, a loft-style sitting area leads to two additional bedrooms and a spacious bath with double vanities and a tiled walk-in shower. Additional features include radiant heated floors on the first level, central air conditioning, generous storage, and a one-car garage with storage space above. South Down Shores offers over 4,000 feet of Lake Winnipesaukee shoreline, sandy beaches, clubhouse, boat slips and moorings, kayak racks, tennis and pickleball courts, basketball, walking trails, playground, fishing jetty, and a skating pond. Located near marinas, golf, Gunstock Mountain Resort, Bank of NH Pavilion, shopping, and restaurants.