Already possessing one of the most charming Hamptons cottages on a shy acre, as well as a thoughtfully sited heated gunite pool, this pastoral property presents a rare opportunity for future growth and development on an oversized parcel with pre-existing clearing in this desirable East End hamlet of Wainscott. Along with its rolling green lawn comes an enchanting one-story three bedroom, two bath home that boasts a palette of neutral, light tones to bring the beach back home. From the white wainscoted ceilings to the vertical shiplap walls, painted beams, and materials such as Calacatta and Carrara marble, subway tile, polished chrome and driftwood hued hardwood floors, the main level living flows effortlessly from the entryway to the dining space, to the cook's kitchen with its high-end stainless steel appliances and Boos Block custom island, to the gracious living room with masonry wood-burning fireplace. Walls are lined with open glass windows and large clear French sliders leading to two distinct outdoor areas: from the central living area to a wisteria covered trellis set up for en plein air dining, and from the sunken primary bedroom suite to a private outdoor lounge patio flanked by hydrangea trees and perennials. The two guest bedrooms are lofty with vaulted ceilings, and share a hall bath with custom step-in shower. Outlined from Whitney Lane to Two Rod Highway by a quaint split rail fence, the property is beyond picturesque with flowering trees, mature plantings and lush perimeter landscaping while the 18 x 36 heated gunite saltwater pool sits back in the rear corner of the lot as chaise longues themselves relax in the perfectly manicured grass. Located in a B zone with no overlays as well as grandfathered-in clearing confirmed by East Hampton Town, this property is able to support a home of much more substantial size (5,209 sq. ft. for the first and second floor of the primary residence, not including a finished lower level), has an allowable building coverage of 5,999 sq. ft., and lot coverage of 15,999 sq. ft. Look no further than the other homes that have been newly developed and sold in the immediate area to understand the high level of value that is possible at 18 Two Rod Highway in Wainscott, where the ocean at the end of Beach Lane is a very convenient distance away, without a car. It's time to make that dream (home) a reality.