***NEW IMPROVED PRICE**Ideal for the Self-Employed Buyer or Multigenerational family: Flexibility, and Income Potential in Southold’s Wine Country. This beautifully renovated farmhouse blends timeless charm with modern comfort—perfectly suited for self-employed professionals. With 5 spacious bedrooms and 3 elegantly updated bathrooms across 2 floors, this home offers flexibility. A comprehensive gut renovation done less than five years ago, gives buyers the opportunity to unpack and enjoy! For those looking to generate additional income or accommodate multigenerational living, the layout provides an ideal opportunity—pending proper permits—to create a separate 2-bedroom, 1-bath rental unit. This option adds a layer of flexibility and long-term value for self-employed buyers who may benefit from rental income or guest accommodations. A full basement offers generous storage and the potential for a home gym, studio, or workshop. The detached 1.5-car garage and two driveways offer parking for up to 8 vehicles! The spacious yard provides plenty of room for a pool or outdoor entertaining. Located just minutes from pristine beaches and only a mile from Southold’s quaint downtown with shops, dining, and a vibrant local scene, the home is also close to farm stands, award-winning wineries, breweries, and boating—making it the ideal base for a fulfilling and inspired lifestyle.