One of the best locations in the Cypress Bay community! This waterfront townhome enjoys beautiful, wide views of the Pamlico River from its tree-lined setting at the end of the building. Facing due west, you'll enjoy spectacular sunsets year-round. Use of an assigned slip, including a boat lift, transfers with the property and is included in the HOA fees. The dock (with its fish-cleaning station) is just a short distance, making it easy to enjoy life on the water. This particular end-unit yields maximum privacy, plus the two large decks provide additional outdoor living space. The ground level offers a covered carport, a storage / workshop room, and a spacious waterfront party room that will quickly become a favorite gathering place. Shaded and naturally cooler during the summer months, it's the perfect place to grill, enjoy a crab feast, watch the game, or simply relax while taking in the sunset over the Pamlico River. The main level features the kitchen, dining area, living room with a corner fireplace, and a guest suite with an ensuite full bath and laundry. Large windows keep the river views front and center throughout the living areas. Upstairs, the exceptionally large primary suite faces the waterfront side of the home, providing exceptional river views on two sides. The suite includes a spacious bath with a garden tub and separate shower, plus a generous walk-in closet. A second waterfront guest bedroom and another full bath provide comfortable accommodations for additional guests. The home has been updated over the years but still offers the opportunity for additional improvements, allowing the next owner to add their own personal style. Priced to sell, this is an excellent value for an end-unit waterfront home with wide river views, an assigned boat slip, and one of the community's most desirable settings. Spend your days boating, fishing, kayaking, swimming, or simply enjoying the ever-changing river views and varied wildlife. End the evening with a spectacular sunset, and on the Fourth of July, you'll have a front-row seat to Washington's fireworks from your own deck.