Priced below appraisal! Experience the perfect blend of modern lakefront living and timeless lakefront cottage charm at 590 Dallas Trail, Covington, GA, nestled on the desirable Covington side of the North Alcovy River portion of Jackson Lake. This beautifully updated waterfront retreat is perfect as a full-time residence, weekend escape, or income-producing vacation rental. The main home offers approximately 1,400 square feet with 3 bedrooms, 1 full bath, soaring vaulted ceilings, an open-concept family room, dining area, updated kitchen, and spacious loft. Rich hardwood floors, granite countertops, abundant natural light, and recent upgrades-including new hardwood flooring, new roofs on all structures, and a new water heater-make this home move-in ready. Above the oversized 30' x 16' drive-through garage is a private 400-square-foot efficiency apartment featuring a kitchenette, bedroom, and full bath, making it ideal for guests, extended family, or rental income. The drive-through garage also provides easy access to the private boat ramp. Situated on a highly sought-after deeded, level deep-water lot, the outdoor living is just as impressive with a brick seawall, covered boat slip, 6,500-pound boat lift, dual-side dock access, and endless opportunities for boating, fishing, kayaking, paddleboarding, and unforgettable sunsets on the lake. Located just minutes from historic Covington, you'll enjoy charming boutiques, local restaurants, breweries, shopping, parks, and year-round festivals, all while being conveniently close to Interstate 20. If you've been searching for a Jackson Lake waterfront home, Covington lake house, or home with a private dock and guest apartment, this rare property is one you don't want to miss.