The property is grandfathered with TWO dwellings. 115FT waterfront on Cobbossee Lake. Level lawn with walk-in, sandy gravel waterfront in a cove. 0.47acres. Let your imagination run wild with the two-story 1,823SF 3-bed, 2 bath main house that sits inches from the waterfront. Due to the home grandfathered , the property provides the Buyer/Architect with lots of possibilities! Either fix it up and enjoy your summer compound or use the 25+ foot grandfathered roof height (vs. the 15 foot max within a 25 foot setback), large footprint including a deck, and large impervious grandfathered areas to build your showplace. The property has the ability to build a large carriage barn. Year-round possibilities or a summer retreat, you decide. In the interim, the fully renovated one bedroom, one full bath bunkhouse with loft with new plumbing, electrical, and high-efficiency Mitsubishi heat pump allows you to begin immediately enjoying the property. New kitchen with quartz countertops. Cedar shingle siding, new roof. New 10x16 shed. PUBLIC WATER & SEWER. The TOWN recently installed a new generator at the pumping station in case of a power outage. Westerly sunset views. Dock has beautiful view of the lighthouse. Dock is not included but can be negotiated into the selling price. The Town will be repaving Welch's Point Road. A golf cart ride away from the White Duck, Island Park Brewery, the Marina, and the Augusta Country. Public boat launch around the corner. 10 minutes from the Interstate.