It's all about the location and amenities, This is direct waterfront & grandfathered for year around occupancy, it shares a deep water dock, mooring field, whether you sail or power boat (big or small) there's great boating and endless kayaking. If you desire a turn key home or feel you can handle a few small cosmetic projects, let me emphasize this IS NOT for you. This ''fixer-upper'' sits at the water's edge and enjoys sunrise views over Snow Island on Quahog Bay. Nestled in a community of small cottages from the 60's, over the last decade it's been the trend as they change ownership to renovate the existing structure. Please know that if you choose to follow the trend and work with the existing structure, it's a big project and your renovation begins with foundation repairs or replacement. From there you'll want to strip it down to the studs so you can reconfigure the layout and replace all the vintage wiring and plumbing along with all the windows. I can envision putting it back together with a new wall of windows facing the ocean to maximize the water views, add new heat source and insulation to keep you warm in winter, sheetrock, floor coverings, a brand new kitchen and bathroom. The exterior will need new siding, roof shingles and whatever you desire for outdoor entertaining and landscaping. If you decide to replace the structure, the town will likely demand you make it ''more conforming'' which means moving it back from the waters edge. That might not be a bad thing, as you'll be able to then add a deck overlooking the dock and bay, thus giving you outdoor water view space to entertain guests. There's so much potential here for the right person that has a budget well beyond it's listing price. Bring your vision, creativity and desire to create something really special here.