Rare opportunity to restore and reimagine a unique waterfront property in Wilmington. Nestled along a peaceful lake, this approximately 2,800-square-foot home offers a setting that is increasingly difficult to find. The property also enjoys additional privacy and open space through ownership of approximately one-half of the adjoining lot, creating the feel of an oversized homesite with a beautiful natural backdrop. The home features 2 bedrooms and 2 full baths, with an existing septic permit for 3 bedrooms. The generous floor plan provides multiple options for redesign, allowing a future owner to maximize both the living space and the property's value. This is a true renovation project and is being offered with that in mind. Aside from the newer roof, the home is ready for a comprehensive update, presenting an outstanding opportunity for investors, renovators, or buyers looking to create their own custom waterfront retreat while building equity. Whether you're searching for your next renovation project, an investment opportunity, or a property to transform into a one-of-a-kind residence, opportunities like this--with a peaceful lakefront setting, added privacy, generous square footage, and tremendous potential--rarely come along.