Rare opportunity to own one of Seldovia's iconic waterfront properties. Set on approximately 0.20 acres, nearly four times the size of many neighboring lots. This historic Waterfront Commercial Residential property offers unmatched potential. This is an older home and has been remodeled. For the right buyer, it's a chance to preserve a piece of Seldovia's history while creating a lasting legacy. There are properties you purchase for convenience. Then there are properties you purchase because you know you'll never find another one quite like it. This is one of those rare places. Stretching along Seldovia's iconic waterfront, where the tides rise and fall beneath weathered pilings and fishing skiffs, boats and kayakers have come and gone for generations, this property has quietly been part of the town's story for decades. Its location alone is something that simply couldn't be recreated today. Occupying approximately 0.20 acres--nearly four times the size of many neighboring waterfront parcels--this Waterfront Commercial Residential zoned property offers an exceptional footprint in one of Seldovia's most recognizable settings. It has served as both a family home and a commercial space, proving over the years that it can comfortably adapt to changing needs and new ideas. Step inside and you'll find spaces designed around the water. Two main-floor bedrooms greet the morning with sunrise views across the slough, while upstairs, a private guest retreat sleeps four with its own exterior entrance, making it ideal for visiting family or guests, there is even a half bath in the attic alongside this room! Tucked above the downstairs main bathroom, an unfinished attic hideaway offers one more cozy sleeping space where the sound of rain on the roof becomes part of the experience. The spacious kitchen, complete with two refrigerators, was made for gathering. Friends drift in and out, meals stretch a little longer, and windows frame the quiet activity along Kachemak Drive. Just beyond, the generous living room opens through French doors to a deck of more than 400 square feet suspended above the slough. Here you'll watch salmon move with the tide, fishermen cast from the bridge, eagles pass overhead, and the seasons unfold from one of the best seats in town. This isn't simply a waterfront home. It's a place with history. Long before "mixed-use" or "live-work" became popular concepts, this property was already doing both. It welcomed neighbors, visitors, customers, and family, becoming part of the daily rhythm of life along the waterfront. There are few, if any, properties in Seldovia that offer this combination of size, waterfront location, flexible zoning, and historical significance. The opportunities are as varied as the visions buyers bring with them--whether that's a distinctive private residence, guest accommodations, a gallery, boutique business, studio, or a thoughtful blend of residential and commercial use. The owners have invested in meaningful improvements while preserving the property's rustic character, but this is an older waterfront building and it deserves an owner who understands what that means. Buyers should expect to invest additional time, vision, and resources into its continued care. For the right person, that investment isn't simply maintenance, it's the privilege of preserving a place that has already stood the test of time. Some buyers will see an older building. Others will see something much harder to find: an opportunity to become the next steward of one of Seldovia's iconic waterfront properties. Properties like this are measured less by square footage than by the memories they've held, the possibilities they offer, and the fact that there simply aren't many left. Once this chapter closes, it may be many years before another opportunity like it comes along.