This exceptional Wolcott property offers a rare blend of flexible living, income potential, and outdoor recreation with access to the Lamoille Valley Rail Trail (LVRT), a four-season recreation corridor for walking, biking, snowmobiling, and other winter activities. The beautifully maintained and thoughtfully updated 2,000+ sq. ft. home features a spacious kitchen, open living area, and a permitted lower-level apartment with separate private entrances, ideal for rental income, multi-generational living, or guest accommodations. Additional highlights include a paved driveway, attached 2-car garage, detached heated 2-car garage for storage, equipment, bikes, snowmobiles, or workshop space, a new roof, a whole-house automatic generator, and furnishings included. This property offers immediate income potential. The home has been successfully operated as an Airbnb, earning excellent guest reviews and demonstrating strong rental appeal. The permitted lower-level apartment is currently rented on a short-term basis, providing additional income, with flexibility for future owner use. Beyond the existing home, the property presents exceptional development opportunities with four permitted tiny cabin sites, an approved septic system in place, and direct access to the rail trail. Positioned to benefit from growing demand for unique lodging experiences and outdoor recreation tourism, these approved sites offer exciting possibilities for expansion, additional rental income, or the creation of a distinctive Vermont retreat destination. Conveniently located along Route 15, just 15 minutes to Morrisville, 30 minutes to Stowe Mountain Resort, and near Smugglers' Notch Resort, this unique property offers established income, expansion potential, and year-round Vermont recreation. A rare opportunity with multiple revenue streams and significant future potential.