Welcome to Saybrook Point, a coveted waterfront community nestled between North Cove and Fenwick, where the Connecticut River meets Long Island Sound. Known for its marina, the iconic Saybrook Point Inn & Spa, and a lively atmosphere, this area is a hub for boating enthusiasts and those who appreciate coastal living. Whether you're enjoying a day on the water or gathering with friends by the river, Saybrook Point delivers a lifestyle like no other. This property sits on a generous .58-acre, level lot outside of the flood zone. The current 1880 Colonial brings with it the potential for renovation, or you may choose to rebuild and create a custom home that maximizes the possible water views available from this prime location. The current owners have already added a modern 3-car garage with a beautifully designed accessory apartment above. The 1-bedroom, 1.5-bath apartment is fully insulated and equipped with energy-efficient ductless HVAC, providing a comfortable retreat complete with a spacious deck and scenic views. With natural gas, public water, septic, and a newly installed driveway in place, the property is well-prepared for future enhancements. Whether restoring the Colonial or starting fresh, this property offers endless possibilities in an unbeatable location. This is an exceptional opportunity to build your dream home in the heart of Old Saybrook's vibrant coastal community. Location, location, location-this is it!