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Waterfront home with private boat dock; features main floor living with 1st floor master suite and a second bedroom and full bath on main floor. 2nd floor has two more bedrooms and full bath plus a large loft that overlooks main floor living areas. Lovely 2-story stone fireplace, crown/chair molding, vaulted ceilings and tray ceiling in master suite enhance the open layout of this home. Large floored, unfinished bonus room over garage has many possibilities. Home was set up to finish area on 2nd floor which would offer beautiful unobstructed views of Assateague Island, Sinepuxent Bay and the ocean beyond. Large and spacious rear patio is perfect for outdoor entertainment which overlooks the private boat dock on the Grand Canal which takes you right out to the Sinepuxent Bay, Assateague Island and short distance to Inlet. Summer vacation rental income averages $42K; purchase this home and have instant income to offset expenses. Summer Rentals MUST Be Honored. Lawn maintenance is included in HOA fees. This resort community offers many amenities including indoor/outdoor pools, tennis courts, basketball court, fitness center, game room, playground, clubhouse/meeting room, kayak docks, crabbing pier and a stocked fishing pond.