Step into timeless elegance in this stunning 1900 Colonial offering over 4,500 sq. ft. Beautifully updated living space with 4 bedrooms, 3.5 baths, and 83 feet of owned frontage on the scenic Penobscot River. Rich in historic charm with modern updates, this one-of-a-kind property combines luxury, comfort, and incredible income potential. From the moment you arrive, the landscaped grounds, stone patio, and peaceful river views create an unforgettable first impression. Inside, the oversized chef's kitchen features cherry cabinetry, granite countertops, a large center island, and a newly added coffee/wine bar with wine cooler and ice maker. The bright 3-season sunroom with skylights is perfect for relaxing or entertaining. The spacious and flexible layout includes a formal living room, family room, mudroom, and front office that could easily serve as a first-floor bedroom. Upstairs offers wide hallways, a library nook with vaulted ceilings, updated laundry room, three generously sized guest bedrooms, and a luxurious primary suite with exposed beams, cathedral ceilings, heat pump, oversized walk-in closet, and spa-like bath with soaking tub and custom tile shower. A fun and versatile bunk room adds even more flexibility -perfect for hosting guests, creating a kids retreat, or maximizing short-term rental appeal. Additional highlights include radiant heat powered by natural gas beneath mahogany, stone floors, whole-house generator, and attached heated 2-car garage. Outdoors, enjoy private riverfront access with a fire pit and covered picnic area perfect for gatherings. Qualified buyers may take advantage of a partial assumable VA loan at a very low interest rate -- an incredible opportunity in today's market. Whether you're looking for a luxury primary waterfront home, multigenerational property, or Airbnb investment opportunity, this rare riverside estate offers endless possibilities just minutes from town.