This unique offering presents a rare waterfront shingled cottage, built 1893. This property has two moorings currently with panoramic water views towards the east side of Narragansett Bay. There is the possibility of a dock and there are steps down to a slate patio by the water. This home is sited on a 27,955 sq.ft. lot with a comfortable floor plan. The first level consists of a welcoming entry, mudroom, eat in kitchen, butler's pantry, dining room w/ gas fireplace, living room w/ a wood insert, an expansive hallway leading onto the wraparound waterfront screened in porch, 18' wide by 39' long. It's perfect for gatherings with privacy and easy access to open water, making it convenient for swimming, fishing, or a boat ride. First level continues with a family room/study that could be a bedroom, a year-round sun room with a brick floor and radiant heat, pantry/laundry room and full bath. Second level features 4 en suites, an office and a media room. Third level has two additional bedrooms, recreation room and a full bath. An artists studio, built in 2015, is a few steps away from the main residence. A separate waterfront lot is available for sale with this property, MLS#1401347, 0 Walcott, this lot will not sell on its own. MLS #1399629, 39 Walcott, a second home with a guest cottage and two outbuildings, is also available for sale. Opportunities to acquire such a versatile compound/estate are a once-in-a-generation occurrence.Coastal living, in town, at its absolute finest!