Waterfront Coastal Retreat - Endless Possibilities! Welcome to your classic coastal cottage, nestled on a spacious waterfront lot of over a quarter acre, complete with bulkheading, private boat ramp, and floating dock-perfect for docking a boat (or two) and jet skis. There's even space to add a pool, transforming this backyard into your private paradise. Priced at lot value, this property offers incredible flexibility-enjoy it as-is, elevate it for better bay views, or build your dream home. In the meantime, relax in the charming beach cottage, featuring an upgraded kitchen with high-end cabinetry and granite countertops, beautifully renovated tile bathrooms, and a cozy family room with built-ins, a fireplace, and rich hardwood floors that extend through the hallways and all three bedrooms. A spacious sunroom provides the perfect spot to dine or unwind with views of the peaceful canal. Outside, rinse off in the outdoor shower after a day on the water, then gather on the paver patio to soak in the bay breeze and sunsets. Want to build new? Choose from stunning home designs like the Catalina model by Schell Brothers ($1,849,800), The Pilot House by Select Builders ($2,189,900) or The Campbell by Evergreene Homes ($1,849,900)-Or choose your own builder since this property conveys with no builder tie-in or timeframe to build. Enjoy waterfront living now in this inviting cottage while planning your future dream home. Conveniently located with easy access by car or boat to the restaurants, shops, and attractions of Rehoboth and Lewes. Take the video tour and imagine life on the water!