A rare opportunity in the heart of Red Bank, this beautifully updated and meticulously maintained two-family property offers remarkable versatility. The main residence features 3 bedrooms and 2 full baths, including a spacious primary suite with en-suite bath and walk-in closet. A separate second-floor residence offers 1 bedroom, a den, and full bath-ideal for guests, extended family, or potential income. The detached garage, complete with HVAC and running water, provides finished space for a studio, office, or gym. Separate utilities, 3 new HVAC systems, a private patio with fireplace, and ample off-street parking complete this distinctive offering near downtown Red Bank. Thoughtfully designed for today's lifestyle, this distinctive offering combines a spacious primary residence, private second-floor apartment, and detached studio/workspace. The main residence includes comfortable living and dining areas, an updated kitchen with a brand-new range, and convenient main-floor laundry. The second-floor apartment is currently operated as a successful short-term rental, providing options for guests, extended family, a dedicated home office, or potential additional income. Continued short-term rental use is subject to the new owner's required Red Bank Borough licensing and approvals. The detached garage adds another dimension of usability, with HVAC, running water, and versatile finished space suited to an art or creative studio, private office, home gym, or workspace. Each residential unit has completely separate electric, gas, and water utilities, allowing for independent utility management. All three HVAC zones feature brand-new systems, providing modern comfort and efficiency throughout. Outdoor living is equally inviting, with a private patio featuring a fireplace, low-maintenance landscaping, and a wide driveway offering ample off-street parking. With options for living, hosting, working, creating, and potential income generation, this beautifully maintained home is conveniently located near downtown Red Bank's restaurants, shopping, entertainment, and transportation.