Discover a rare waterfront retreat just a 10-minute walk from the vibrant Village of Saugerties, where the Hudson River meets the Catskill Mountains. This exceptional property overlooks the dramatic Cantine waterfall and offers panoramic views of the lower Esopus Creek, blending natural beauty with remarkable renovation and income potential. The property includes two distinct buildings. The renovated 1902 carriage house combines modern comfort with rustic character, thoughtfully designed to showcase the water views. Bright and efficient, it features central air conditioning and a spa-like walk-in shower. Enjoy the sounds and sights of the waterfall from the deck--an ideal setting for creative living, relaxing or entertaining with family and friends. The original antique two-story main house has been taken down to the studs and is ready to be transformed into the home of your dreams. Municipal water and sewer provide added convenience and peace of mind. With the potential to build a dock and access the Hudson River by boat, this property offers an uncommon combination of waterfront living, restoration opportunity, and investment appeal. Live comfortably in the carriage house while renovating the historic main residence, or continue the current owners' successful short-term rental use of the carriage house. Only 2 miles from the New York State Thruway, this is a truly rare offering with unlimited possibilities.