Rare opportunity to build a true oceanfront compound in a coveted location just a short walk from Cape Neddick Beach and yet Short Sands is less than a mile in the other direction! This nearly 1.5 acre lot with 167' of prime oceanfront has approvals in hand to build a 2nd home on the lot (plans available for 5,000+ square foot home and permit can convey) for the ultimate family compound OR to recoup some of your investment if you choose to sell it separately. Hamlin Place is nestled in the protected bay of Cape Neddick Harbor which is a popular spot for sailboats and others to drop anchor. Unlike other oceanfront properties in town, there's no concern about lot coverage here! Looking for a property that can fit an oceanfront pool? This is it. Looking for a place where you can build that 4+ car garage for all your toys? That's an option here too! Concerned about the new flood maps? This lot is elevated just enough so you can walk down to the ocean and launch your kayaks or swim out to your boat mooring but high enough, so you don't need to worry about flood insurance. Town water and sewer allow for a variety of options for house placement on this massive lot. Oh, and guess what? This stunning property currently has a functional year-round home that can be enjoyed if you're not ready to build right away. In the same family for 100+ years until recently, further proving these opportunities don't come available often at all!