Investor opportunity on Saxis Island with water views and endless potential. Situated on approximately 0.38 acres, this property offers a rare chance to build or rebuild in a peaceful coastal setting surrounded by natural beauty and abundant wildlife. The existing home, originally built in 1930, is approximately 1,512 sq ft with 3 bedrooms and 1 bath. The structure is uninhabitable and requires full renovation or replacement, making it ideal for investors, builders, or buyers seeking to create a custom coastal retreat. The home is elevated on a concrete foundation and features a metal roof, partial window installations, and an elevated design suited for coastal living. Well and septic are present; no permits on file and condition is unknown. The spacious lot offers room to design outdoor living areas and maximize water views and coastal breezes. Saxis Island is known for its quiet charm, working waterfront, and access to fishing, crabbing, boating, and kayaking. Nearby Chincoteague and Assateague Island provide beaches, wild ponies, and protected shoreline. Cash or construction/land financing only. Property will not qualify for traditional mortgage financing. Sold as-is. Enter at own risk. Bring your vision and transform this unique property into a stunning Eastern Shore escape.