Experience extraordinary waterfront living. This low-bank home offers breathtaking, ever-changing views, direct bay access, and a rare opportunity to enjoy life on the water at a fraction of the cost of comparable deeded waterfront properties. Launch your kayak from the beach below your yard and explore the shoreline alongside otters, eagles, and seabirds. A space on the seasonal community dock is available for just $350 per year, making it easy to get out on the water whenever the tide calls. The spacious beachfront deck is the perfect place to watch sunsets over the bay, while the private garden patio offers a peaceful retreat surrounded by established landscaping. Inside, the loft-style primary bedroom captures sweeping water views and a front-row seat to a nearby eagle's nest. The open living room features large windows and a cozy fireplace, creating the perfect setting for storm watching or quiet evenings by the fire. An unfinished basement provides valuable shop and storage space, and the gardens are ready for a new caretaker. This property may not be rented or used as a short-term rental. Cash purchase only; financing is not available. The annual Fryberg land lease (under review) will be approximately $20,000 and is adjusted every five years. For buyers who value waterfront living and responsible stewardship of trust land, this is a unique opportunity to enjoy a truly special place. Please talk with your agent about the lease BEFORE scheduling a showing appointment.