Rare 1.04-acre coastal estate! This unique multi-level ranch offers expansive living space across three levels, perfectly positioned on a corner lot abutting a creek that flows into Lewis Bay. Located just 0.3 miles from Colonial Acres Beach, you'll enjoy stunning water views from the primary suite's private slider and the large back deck. The main floor features hardwoods and an updated kitchen with newer stainless appliances, while a huge enclosed three-season room leads to the backyard. With 5 bedrooms, 3.5 baths, a newer central air system and water heater, and a 2-car garage, the ''bones'' are excellent. While the carpeted bedrooms and bathrooms await your creative cosmetic updates and the roof is older, this home is a canvas for instant equity. Great news for buyers: although the current Title V failed, the sellers are covering the cost of a brand-new septic system! Don't miss this ''sleeping beauty'' on a rare oversized lot with unmatched potential and breathtaking bay views.