Here is your chance to get into one of Water Island's most coveted locations at an incredible value! Just a 2-minute walk from the white sand and turquoise water of Honeymoon Beach, 46-1 offers huge potential in a location that is nearly impossible to replicate. The property features a 2-bedroom main residence, separate studio, and additional 2-bedroom end unit, with two kitchens and three bathrooms. Create the ultimate island family compound, live in one space while renting the others, or maximize the property's impressive income potential. The current owner has had great success utilizing the property for both short- and long-term rentals, making this a proven investment opportunity with multiple ways to generate income. Priced to allow the next owner to bring their own vision and make it their own, this is an incredible opportunity to add value while starting with the most important thing already in place--LOCATION! Overlooking Honeymoon Beach on Water Island, a hidden gem that continues to become one of the Virgin Islands' most sought-after places to live, opportunities like this don't come along often. Walk to the beach, golf cart to the ferry, and enjoy the laid-back island lifestyle Water Island is known for--all while owning a property with exceptional rental potential. Adjoining 46 REM (MLS 25-2273) is also available separately, with the seller open to a significantly discounted price for the purchase of both properties together.