As you arrive at this peaceful lakeside retreat on the tranquil shores of Rathgama Lake, the pace of life immediately begins to slow. Surrounded by lush tropical greenery, swaying palms, and sweeping views across emerald paddy fields, the property offers a rare opportunity to immerse yourself in the natural beauty of Sri Lanka.

Set on an expansive 227-perch waterfront estate in Walamulla, Dodanduwa, the property enjoys an enviable position overlooking the calm waters of the lake, where colorful birdlife, spectacular sunsets, and gentle breezes create an atmosphere of complete serenity.

The European-style residence, spanning approximately 2,300 sq. ft., sits comfortably within the landscape and offers an inviting foundation for a dream home or retreat. Inside, the main living and dining area features high vaulted wooden ceilings that enhance the sense of space and character. The home includes two bedrooms, with the master enjoying an en-suite bathroom, and a loft-style studio accessed by a charming wooden staircase that provides additional living or creative space, kitchen and separate bathroom.

Stepping outside, a large covered veranda overlooks the gardens, lake, and surrounding countryside, offering the perfect setting for morning coffee or evening relaxation. A swimming pool and several garden seating areas further enhance the outdoor lifestyle that this property so naturally embraces.

While the home is immediately livable and full of charm, it would benefit from some modernization and upgrading. The property is essentially a blank canvas, allowing a new owner to renovate, redesign, and create a bespoke lakeside residence, wellness retreat, boutique guesthouse, or holiday escape tailored entirely to their own tastes and requirements.

Adding further flexibility, a separate cottage within the grounds can be utilized as guest accommodation, staff quarters, or a holiday rental.

Conveniently located just 14 minutes from the Baddegama Expressway entrance and approximately 20 minutes from the historic city of Galle, the property combines peaceful seclusion with easy access to key amenities and tourist attractions.

Recently reduced in price for a swifter sale, this unique waterfront estate represents exceptional value and a rare opportunity to create something truly special in one of Sri Lanka’s most beautiful lakeside settings.

• Rathgama Lake, 227 perch
• European Style home, 2 300 sq. ft
• Two bedroom, 2 bathroom, large covered veranda overlooking the lake
• Garden cottage for guest accommodation
• 20 minutes to Galle Fort, easy access to Beddegama Highway entrance

Lanka Island Properties provides end-to-end support to our clients, from property selection and due diligence to contracts, legal requirements, and final transfer, we guide local and international buyers every step of the way, delivering a transparent and stress-free purchasing experience.