Waterfront! Set on a spectacular 2+ acre lot directly on the Crane river, this exceptional property boasts the largest lot on the ocean side of Water Street! Offering 234 feet of direct frontage along the scenic Crane River. Enjoy private access to the water with your own boat dock and float—perfect for boating, kayaking, or simply taking in the serene views. The parcel features an antique Colonial home with 3 bedrooms and 2 baths, full of character and potential. Ample space allows for the addition of an accessory dwelling unit (ADU), presenting a unique opportunity for expansion or investment. Additional highlights include convenient turnaround parking and expansive outdoor space. Whether you're looking to restore, expand, or build your dream waterfront estate, this property offers unmatched potential! Fantastic Location, Close to shopping malls, center of Danvers, routes 128 and 95 and just 10 minutes away from the Beverly MBTA station.