Rarely does an opportunity arise to enter the highly sought-after University Gardens section of Great Neck at this price point. Situated on a corner lot along a quiet street with no through traffic, 4634 Iris Lane is a 3-bedroom, 1-bath Colonial-style home offering exceptional potential for buyers looking to create their dream residence in one of Long Island's most desirable communities. Located just steps from the neighborhood elementary school and within the acclaimed Great Neck school district, this home provides an outstanding opportunity for buyers seeking access to top-rated schools and a vibrant, established neighborhood. While the property is in need of updating, it offers a solid foundation and endless possibilities to renovate, expand, or customize to suit your vision. Additional features include natural gas heat, public sewer connection, a full basement offering ample storage and future possibilities, and a detached garage providing convenient parking and additional storage space. The corner lot setting enhances privacy and curb appeal while offering additional outdoor space for entertaining, gardening, or recreation. Ideally positioned near Northern Boulevard and the Long Island Expressway, residents enjoy easy access to shopping, dining, parks, transportation, and all the conveniences that make Great Neck one of Long Island's most sought-after destinations.