This is one of the few legacy properties that represents the best of the Pacific Northwest. This 650 ft+- low/no bank waterfront w/ views of the Olympics & Mt Rainier is on over 7 ac w/ approx. 11 ac of deeded tidelands (3 tax parcels) Located on Marrowstone Island w/ proximity to state parks, Olympic National park, Port Townsend, wineries, breweries, & Finnriver Farm and Cidery. Operated as a waterfront resort since 1925, the current owner has approved development and septic permits to renovate the existing 9 cabins, lodge/restaurant, home, barn & convert space over the garage to a caretaker unit, + add 3 more units + 2 yurts. Alternatively, building an estate home & ADU on each of the 2 buildable lots, or one large estate may be possible.