A rare opportunity to own one of Oak Bay's most treasured waterfront properties. Held by the same family since 1965, this remarkable 4.72-acre estate offers 365 feet of pristine no-bank waterfront and a charming retreat tucked away at the end of a private wooded drive. The grounds feature expansive lawns, flowering trees, rhododendrons, and beautiful wisteria draped over the patio trellis. Private on all sides, the property captures spectacular 180-degree views of Oak Bay, Cascade Mountains, Mt. Rainier, and the waterfront beyond. For decades, this special property has been a place to gather and create lasting memories. Enjoy beachcombing, kayaking, paddleboarding, lawn games, or simply watching eagles, herons and boats pass by from the deck or shoreline. Remarkably private, yet just minutes from town services and amenities. The home offers two waterfront bedrooms with stunning views, two ¾ baths, and living spaces that showcase the scenery. Handcrafted details reflect the creativity behind its construction, including an arched-top entry door with stained glass window, custom-built driftwood mantle and stone vessel sink resting on a tree-stump base. A 2-car carport and covered shop provide parking, storage & workspace. Updates include new flooring, newer BUR roof, and updated wiring and plumbing. Whether enjoyed as a cherished family retreat or legacy property, this extraordinary waterfront offering presents a rare opportunity to own a magical piece of the Pacific Northwest.