The beach just one block away. Lake & fountain views. A proven rental today, and an approved luxury home for tomorrow. This oversized corner property in Point Pleasant Beach's desirable South End overlooks Lake of the Lillies, its preserved bird sanctuary and new fountains. The existing 5-BR, 2-bath home offers multiple living areas, new appliances, 2nd-floor kitchenette, outdoor shower, garage recreation room, natural gas grill and an outstanding rental history. Enjoy it as your own shore retreat, continue its investment potential, or take advantage of fully approved variances and environmental permits for a spectacular new Coastal 5-BR, 3.5-bath residence. Approved plans include decks on every level designed around the picturesque lake views plus a backyard pool. Close to the beach and boardwalk, this is a rare opportunity with options few properties can offer.