Truly exceptional & rarely available Montlake Cut waterfront residence w/front-row, unobstructed views of the waterway & endless maritime activity in one of Seattle's most coveted locations. Understated & elegant bungalow exterior belies a surprisingly spacious 3,760SF interior! Timeless 1925 Craftsman, extensively updated in recent years, blending authentic charm w/modern luxury. 3BR, 3BA home offers stunning light-filled interiors & an ideal layout for everyday living & entertaining. Gracious main level features an inviting living room w/gas fireplace, sitting area, formal dining rm, chef's kitchen w/marble countertops & high-end Bosch, Fisher & Paykel, & Wolf appliances, plus a dedicated office/den. Spacious primary suite incls water views, walk-in closet, & spa-inspired 5-piece bath, accompanied by 2 additional upper-level bedrooms. Lower level offers a rec room, family room & ample storage. Enjoy expansive decks & patios, incl a covered front porch w/new TimberTech decking, spacious BBQ deck, & sun-filled waterside patio. Level backyard creates a spectacular setting for gatherings, yard games & year-round enjoyment of the canal & city skyline, including views of the Windermere Cup, Opening Day Boat Parade, & UW crew races. Recent upgrades incl new 50-year roof, A/C, refinished floors, new tandem garage, & reimagined landscaping. A+ location in the center of it all - steps to Seattle Yacht Club, UW, Husky Stadium, vibrant U-Village & easy access to Seattle & the Eastside.