One of the only available waterfront homes in Rehoboth with direct, private water access to Rehoboth Bay and the Atlantic Ocean! Kayak, paddleboard or boat from your back yard to Rehoboth Bay and beyond, returning home to one of 3 private boat docks. This one-of-a-kind location has unparalleled access to all that Rehoboth Beach has to offer. Positioned on a rare, oversized corner lot, this property boasts forever views overlooking Thompson Island and Rehoboth Bay; a picturesque backdrop that simply cannot be found anywhere else. Nestled just minutes away from downtown Rehoboth's shops, restaurants, beaches and boardwalk, the location is close to town yet tucked away in a quiet waterfront oasis. Originally built as a 2BR/1BA summer cottage with an adjacent 1BR/1BA primary or guest suite connected by a trellis-covered patio, the spacious screened-in porch provides the perfect spot for alfresco dining while you enjoy scenic views of the canal, surrounded by lush greenery. From morning coffee with the sunrise over the bay to tranquil evenings filled with the sounds of nature, every moment spent here feels like an indulgence. The current home is just the beginning of the rare value this property offers. Use or rent the units as-is, build on top of existing structures, or design a unique waterfront dream home. Surrounded by homes currently valued at $2M and more, your future value for price is incredible! The lot's mature trees provide both beauty and privacy; plus, there are no HOA or rental restrictions--Impossible to find anywhere else in the Rehoboth area. Don't delay! Schedule a private tour today and secure this unique opportunity to immerse yourself in a lifestyle where every day feels like a retreat. Owner is a licensed Realtor.