Perched above Tulalip Bay with sweeping water views and unforgettable sunsets, this rare opportunity offers the chance to create something truly special. On Tulalip leased land, the home is currently configured with two separate living areas, perfect for multi-generational living, guests, or home business. While not equipped with a full second kitchen, both sides feature their own cozy wood-burning fireplaces and distinct living spaces. One bedroom and bathroom on each side and a third bath in between. The kitchen has stainless appliances and lots of workspace and storage. The south side was the original cabin and still has the kitchen area with a sink. The seller has started this home's refreshing, but bring your tool box: this one needs some continued love to bring it back to its full beauty. Crawlspace and attic were cleaned, high-efficiency wall heaters installed and electrical updated, and two new tankless water heaters installed. Primary bath was cleaned up and ready to reinstall the shower. New vanity is here for you to swap out. Bring your vision, your tools, and your creativity to unlock the potential of this unique property overlooking the bay. Ideal for Tulalip tribal members at $400 monthly. Everyone else pays $1,542. Adjusts up 16% every 5 years. 6 years left on 30 year lease and one 15 year extension after that. Cash only, can't get a mortgage on this property. Please don't set showing appointment before talking with your agent and understanding about the lease.