Two separate side-by-side lots with ocean views! This is a great investment opportunity with a cute character house on one, and the newer shop & studio on the other seperately titled adjacent lot. Enjoy spectacular ocean views year round from the front deck or the cozy living room. The historical home is one of Union Bay's originals, but has had a poured foundation and walk-out basement added. The lower rec room is an amazing self-contained space for games, guests, or added living space. The yard gets plenty of sun and is prime for growing veggies - plus it backs directly onto the discontinued railway tracks, providing a private buffer of natural vegetation. The shop is the clincher here though! Built in 2014, there is 560 sq ft for your vehicles or woodworking shop, plenty of power, and oodles of extra crawl space storage as well. The attached studio makes a stellar gym (with ocean views) or a perfect work-from-home office. The newer roof on the home tops off this package. So much potential for the astute buyer looking for a versatile property or to build a second home.