Rare opportunity to create your dream waterfront-view estate on Camano Island with two legal parcels. Located on Camano's desirable north end, just steps from two county parks, this exceptional property offers breathtaking views, beach access, and the flexibility to create a custom legacy estate with a second dwelling for guests, multigenerational living, or rental income. Build a custom home on the separate, buildable lot while preserving the existing beach bungalow as a guest house/ADU. Site registration and a water connection are already in place on the undeveloped parcel. Perched on a high-bank waterfront setting with sweeping views of Port Susan and the Cascade Mountains, the property also includes owned beachfront and private community beach access via Iverson. The existing cottage offers 2 bedrooms, an office, 1 bath, locally crafted alder cabinetry, composite cork flooring, and thoughtful updates including double-pane windows (2021), heat pump (2021), generator (2022), outdoor shower (2022), and new septic tanks (2026). An unfinished basement (774 sq ft) provides ample storage and hobby space. Enjoy Island living with no ferry!