Set on Gloucester's coveted Wheeler's Point with sweeping views over the Annisquam, this beautifully restored 2 bedroom, 2 bath cottage captures the ease of coastal living. Light filled interiors frame water views, while thoughtful updates include a new bath in the primary suite, an enclosed former screened porch now serving as a charming study, and a refreshed lower level studio with private patio. Previously operated as a successful summer Airbnb, the studio offers wonderful flexibility for guests or income. An adjoining parcel, Lot #14, provides additional outdoor space and added privacy. Enjoy life by the water, nearby beaches, and all that Gloucester offers: vibrant restaurants, galleries, music, working harbor charm, and easy MBTA access to North Station. A rare waterfront retreat with lifestyle, flexibility, and future potential.