A RARE WATERFRONT OPPORTUNITY unlike anything else in Island Heights. Perched along the majestic Toms River, this extraordinary bluff-front property offers panoramic water views, southern exposure, and the opportunity to create a truly spectacular waterfront lifestyle. Set on an extra-deep lot and surrounded by distinguished multimillion-dollar homes, this is believed to be one of the very few buildable bluff riverfront lots of its kind. Live in the existing historic 2-bedroom, 2-bath residence, expand upon its timeless character, or reimagine the property entirely and create the waterfront estate of your dreams. Inside, old-world charm is complemented by thoughtful modern updates, including central air, gas heat, an on-demand tankless water heater, updated plumbing and water/sewer lines, recessed lighting, a laundry room, renovated second-floor bath, and a private balcony overlooking the river. Brand-new steps lead directly to the waterfront, where your backyard becomes your playground. Wake to shimmering river views and begin your mornings with coffee overlooking the water. As the day unfolds, launch a kayak or paddleboard, watch sailboats drift by from the nearby yacht club, and end each evening surrounded by unforgettable skies as the sun sets over the river. This is more than a home-it is a lifestyle, a legacy property, and a canvas for something extraordinary.