Situated on a large 60X110 ft. corner lot, this unique 5 bedroom, 3.5 bath two-story single-family home offers the rare opportunity to enjoy the existing home now or redevelop the property into a new residence of up to approximately 4,620 square feet. Located just one block from the beach path and offered under $3 million, the property is equipped with two kitchens and offers a strong combination of present use and future potential. Recent updates include a 50-year standing seam metal room, updated baths throughout, and two updated kitchens, along with plenty of space for entertaining. The first floor offers two large bedrooms, a hall bath, and a powder room, plus expansive living space with room for dining and a first-floor family room overlooking the kitchen. Upstairs are three additional bedrooms, including the primary suite, which is situated toward the rear of the home and features a spacious ensuite bath. Two additional bedrooms are serviced by a hall bath. A second kitchen is also located on this level, overlooking an additional family room area with more space for dining. A wraparound deck offers peeks of the bay and quiet enjoyment, with only the south side of 50th Street featuring single-family homes. Whether the next owner chooses to use the home as-is, renovate right away, or move forward with a full teardown and new build, the flexibility of this property is a major part of its appeal. Never a rental and offered fully furnished, less exclusions. Ideal closing would be late July/early August so the buyer can enjoy the second half of summer in Avalon.