A price reduction, designer upgrades, water views and an income apartment make this a gem of a family home in Southampton.Located on a 0.21 acre lot on Lighthouse Hill, Mariposa offers magnificent vistas of the Great Sound.The three-bedroom, two bathroom home has a spacious 2,018 square feet of living area.Listed with Coldwell Banker Bermuda Realty, it is offered for sale at $1,145,000, recently back on the market and reduced from just under $1.2 million.In move-in condition, the home has tiled floors, and numerous desirable upgrades, including designer lighting, custom closet organisers, a water filtration system and reverse cycle a/c throughout.The current owners have also undertaken extensive landscaping in the back yard to enlarge it and shore up a Bermuda stone wall.A paved driveway leads up to the one-level main home; with parking area just steps from the front door.The lower one-bedroom apartment has access lower down in the driveway.The home has a large front lawn, looking over the Sound and protected by a thick hedge.A cedar door leads into an entrance foyer, which leads to the tiled dining room and sunken living room with a cosy fireplace and views of the Great Sound.The living area, with tray ceiling, opens onto a large tiled patio, perfect for entertaining, grilling out or just enjoying the views.The kitchen, which has a door opening out to the back yard, has been completely upgraded with cherry wood cabinets, corian countertops, a centre island and stainless steel appliances, including double oven. Stylish touches include a tiled backsplash and range hood.Also located in the kitchen is a cherry laundry closet with stacked washer and dryer.The hallway leads to three spacious tiled bedrooms, the master enjoying an ensuite bathroom, and custom closet organisers.The spacious master bathroom has not been upgraded but is tiled and would be an easy project to modernise.The two other nice-sized bedrooms are freshly painted and both have custom closet organisers, perfect to keep children’s or a teenager’s clothes, toys and personal items tidied away.An updated second bathroom is in the hallway.Another major plus for the buyer is the home has new windows and a newly built, tiled storage room adjacent to the kitchen.The large lower one-bedroom apartment, which could generate $1,600 to $1,800 in additional income, opens into a main tiled living area and has a separate small bedroom and upgraded full kitchen featuring stainless steel appliances and new cabinets. It also has lovely views of the Great Sound.And the apartment has a huge walk-in closet and full, upgraded bathroom.For more information on Mariposa contact agent Rochelle Swan with Coldwell Banker Bermuda Realty, at 441-247-1819 or email rswan@brcl.bm.