Gorgeous, beautifully maintained home designed for exceptional multi-generational living and investment potential! Perched above Skagit Bay on a rare half-acre/double lot, this 5,200 sq ft daylight rambler offers a flexible layout ideal for multi-family households, long-term guests, or rental income by leasing one of the independent living spaces. Expansive 180-degree water views create a daily backdrop of shimmering blue, glowing sunsets, and the snow-capped rise of Mt. Baker. Luxury finishes, distinguished millwork, and travertine floors complement bright, open spaces that frame the coastline at every turn. The gourmet main-floor kitchen flows to an oversized view deck -perfect for gathering while watching sailboats and fishermen on the bay. Gorgeous primary suites, two additional bedrooms, laundry on both floors, a versatile craft/hobby room, and an oversized mudroom offer comfort and adaptability for households of all sizes. The fully finished lower level enhances multi-generational living with its own sizable kitchen & laundry, primary suite, spacious bonus room and separate media room/studio with wet bar. Both with direct access to individual patios; an ideal MIL suite, private guest quarters, or rental potential. Enjoy private community beach access for member-only crabbing, swimming, and shoreline adventures. A rare blend of space, sophistication, and income-producing potential with iconic Camano Island views.