Welcome to your classic coastal cottage, ideally situated on a spacious waterfront lot of more than a quarter acre with bulkheading, a private boat ramp, and a floating dock-perfect for accommodating boats, jet skis, and all your water toys. With room to add a pool, the backyard offers endless possibilities to create your own private waterfront retreat. Offered at lot value, this property presents a rare opportunity to enjoy the home as it is, elevate the existing cottage for enhanced bay views, or design and build the custom waterfront home of your dreams. Until then, settle into the charm of this inviting beach cottage featuring an upgraded kitchen with premium cabinetry and granite countertops, beautifully renovated tile baths, and a warm, welcoming family room with built-ins, a fireplace, and rich hardwood flooring that continues through the hallways and all three bedrooms. A spacious sunroom provides the perfect setting for dining, relaxing, or taking in peaceful canal views year-round. After a day on the water, rinse off in the outdoor shower, then unwind on the paver patio while enjoying refreshing bay breezes and spectacular sunsets. The front porch offers stunning views of Rehoboth Bay and the kind of sunsets you'll look forward to every evening. This property also offers an exceptional investment opportunity with a strong year-round rental history and current success as an Airbnb and VRBO short-term rental. Enjoy it as your personal getaway, maximize rental income, or do both. Experience the best of waterfront living with easy access to Rehoboth Bay, Indian River Inlet, and the Lewes-Rehoboth Canal. Conveniently located by car or boat, you're just moments from the restaurants, shops, and attractions of Rehoboth and Lewes. Take the video tour and start imagining your life on the water.