Exceptional opportunity in desirable Bayville. This unique offering features two separate, fully permitted structures on one property. The main residence is a charming 3 bedroom, 1 bath Cape with a full basement with separate entrance and plenty of storage. The second structure is a bright and versatile studio style apartment with its own entrance, providing ideal space for guest accommodations, private home office or legal rental income. Both buildings include dedicated electric and gas meters, along with efficient tankless heating systems. Interior enhancements in the main home include updated hardwood floors, high ceilings, a sunlit open floor plan, and a main floor primary bedroom with a custom closet. The property is fully fenced, creating a private and secure setting. Located just one block from Bayville Residents Private Soundside Beach, this property captures a true coastal lifestyle. Zoned for Bayville Elementary and Locust Valley Middle and High Schools. Low taxes further elevate the value. Flood insurance will be required if purchasing with a mortgage. Perfect for a first time buyer seeking additional income potential. Live in the main home and rent the studio for flexibility and long term investment strength.