Welcome to a true piece of Sabula history in Iowa's only island town along the Mississippi River. This spacious 4-bedroom, 2-bathroom Victorian is filled with timeless character while offering updates and opportunities for the next owner to make it their own. Step inside and you will immediately notice the charm that is hard to find in modern homes, including soaring 10-foot ceilings, original hardwood floors, detailed woodwork, and a stunning open staircase that welcomes you in. The main level offers multiple living spaces that feel warm and inviting, highlighted by three fireplaces that enhance the home's historic charm. The kitchen features floor-to-ceiling cabinetry, a pantry, and plenty of storage. Just off the kitchen, you will find a convenient main-level laundry area combined with a three-quarter bathroom and direct access to the deck and backyard, making the space functional for everyday living and entertaining. Upstairs, you will find four generously sized bedrooms and a full bathroom, including a spacious primary bedroom with its own fireplace and walk-in closet. Throughout the second level, you will continue to see the craftsmanship and character that make this home so special. The third-floor attic offers exciting potential as well, with 9-foot ceilings. Work has already started to convert this space into an incredible fifth bedroom, studio, or bonus room, allowing the next owner to expand the living space even further. Several important updates have already been completed, including both a gas boiler and a wood-burning boiler heating system, providing flexible heating options. Additional improvements include the garage roof, siding, and windows replaced in 2020, and second-level windows replaced in 2021. Several main-level replacement windows are also on site and ready for installation. Outside, you can enjoy island living from the charming curved front porch or spend time in the fenced backyard featuring established grape vines and strawberry plants already planted and ready to produce this season. Priced under the current assessed value, this home presents a rare opportunity to own a large historic property full of character, space, and potential in one of eastern Iowa's most unique river communities. Whether you are looking for a full-time residence, weekend getaway, or potential Airbnb, this Sabula home offers history, charm, and opportunity all in one place.