1 Canal Road Water View Compound Opportunity Near Peconic Bay Set on a beautifully landscaped lot with water views throughout, this unique property offers exceptional flexibility as a private family compound or income-producing investment. The main residence is a two-story home featuring a spacious living room with a fireplace, dining area, kitchen, and powder room. The second level includes two guest bedrooms with a shared bath, along with a primary suite offering a full bath and a walk-in closet. A large deck extends off the living room, creating the perfect setting for sunset views and outdoor relaxation. A full basement provides laundry, storage, and utility space. Complementing the main home are two attached, fully furnished cottages. Each cottage offers two bedrooms, a full bath, living room, dining area, and kitchen, along with a welcoming front porch-ideal for guests or rental use. The property also includes a two-car garage and offers ample room for a pool, further enhancing its value and potential. Conveniently located just minutes from Great Peconic Bay beaches, local marinas, dining, and waterfront activities. A rare opportunity to own a versatile, multi-structure property with strong lifestyle appeal and income potential.