Welcome to this spacious coastal retreat in the heart of Fenwick Island, a home with a history as a lucrative rental property, a desirable location, and a peek-a-boo view of the boat canal across the street. With only one neighboring home and no house on one side or directly behind the property, the setting offers an added sense of privacy. Best of all, you're just a short distance from the beach. A welcoming front porch leads into the first level, where you'll find a spacious recreation and game room complete with comfortable seating, TVs, stand-up arcade games, a board game table that seats eight, and a convenient mini refrigerator for beverages. This level also includes two bedrooms and a full bathroom featuring a new shower installed in 2024. Extra-wide sliding glass doors open to a covered porch with a relaxing swing chair, while an outdoor shower makes rinsing off after a day at the beach quick and easy. A striking spiral staircase, installed by the seller several years ago to connect the home's two formerly separate units, provides interior access between the floors. A traditional side staircase also leads to the main living level. Featuring mostly "Lifeproof" luxury vinyl plank flooring with ceramic tile in the kitchen, this bright and inviting space offers an open layout connecting the living room, dining area, and kitchen. A charming fireplace with a brick backdrop anchors the living room, while a door leading to the balcony adds easy access to the outdoors. The kitchen is equipped with everything needed for preparing meals, including a refrigerator and dishwasher replaced in 2015. The adjoining dining area features new atrium swing doors installed in 2024, opening to the expansive wraparound deck, which was entirely rebuilt in 2014. This inviting outdoor space offers room for alfresco dining, a gas grill, comfortable lounge seating, and glimpses of the water across the street. The upper level also features the primary bedroom with a Jack-and-Jill bathroom offering a large garden tub and a new vanity installed in 2024. An additional bedroom and conveniently located washer and dryer complete this level. New windows were installed in both upstairs bedrooms in 2025, and both bathrooms received new commodes in 2024. Additional improvements include a new water heater in 2025 and dehumidifiers installed in 2024. In 2013, the HVAC unit was replaced and an additional unit was added to serve the downstairs, with the outdoor units elevated for flood mitigation. The seller also converted the property from well water to town water several years ago. The location is ideal for enjoying everything Fenwick Island has to offer, with the beach and historic Fenwick Island Lighthouse nearby. A local bike and repair shop adds convenience, while area attractions include the Fenwick Island Waterslide, go-karts, arcades, boat rentals, and the Freeman Arts Pavilion on Route 54 for seasonal live music. Whether you're searching for a personal beach getaway, an investment property, or both, this well-located home combines a successful rental history with spacious living, flexible accommodations, and an inviting coastal lifestyle.