Opportunities like this don't come around often! This updated 2 bedroom, 1 bathroom home with a versatile flex space offers an incredible combination of privacy, recreation, and income potential for under $350,000. Recent improvements include new interior paint, flooring, boiler, and water heater, giving you peace of mind while maintaining the home's cozy character. Stay warm by the wood stove in the winter or relax outdoors on the spacious sun deck overlooking the creek that flows between Lily Lake and Corcoran Lake. Nature lovers will appreciate the incredible backyard setting where you can watch ducks, swans, fish, and other Alaska wildlife from your deck, hot tub, or barrel sauna. Gather around the firepit on summer evenings and enjoy everything this unique property has to offer. Need extra space? The detached 3 car garage provides plenty of room for vehicles, toys, and storage, while the 400 square foot apartment above offers excellent potential as an ADU, guest quarters, rental income, or private office. With a large driveway, creek frontage, abundant wildlife, numerous recent updates, and an ADU, this property delivers exceptional value that is hard to find at this price point.