Rare 27+ acre waterfront offering in the heart of sunny Deer Harbor. This exceptionally private property features an elevated building site with commanding southwestern views over Cayou Valley and Deer Harbor. Approximately 1,500± feet of estuary waterfront plus tidelands are complemented by surrounding forestland and open grassy areas. Craftsman-built stone walls frame the entrance and patio areas, including a beautifully constructed stone terrace designed to take in sweeping estuary and meadow views, ideal for outdoor gathering and entertaining. Power is available on the property, along with water from a shared, highly productive well. A San Juan County Land Bank conservation easement protects this iconic and historically significant property while allowing for construction of a single-family residence or multi-room inn on the expansive plateau. Enjoy majestic sunsets, abundant wildlife, hiking opportunities, access to marinas and seasonal seaplane service, all via county-maintained Deer Harbor Road. Adjoining property to the south is in conservation and not buildable (not included).