Set on nearly 5 acres in one of Prince Edward County's most desirable waterfront pockets, this is the kind of property that rarely becomes available - and one that offers extraordinary potential for the right buyer. Located at Hallowell Mills Cove, just minutes from Picton, the setting is both peaceful and incredibly well connected to everything the County has become known for: wineries, dining, golf, marinas, and a thriving year-round lifestyle destination. What truly sets this property apart is the landscape itself. Two separate waterfall features run through the property - one dramatic and carved through deep rock, the other flowing gently toward the waterfront - creating a setting that feels both inspiring and deeply private. The sound of moving water, mature trees, waterfront access, and expansive grounds combine to create an atmosphere that simply cannot be replicated. The property includes two substantial structures, offering endless possibilities for personal enjoyment, multi-generational living, guest accommodations, creative use, or future vision. The main residence is rich in character and scale, while the remarkable boathouse positioned directly at the water presents a truly unique opportunity rarely seen in today's market. A separate winterized cabin further expands the flexibility of the property. Steeped in local history, the original mill infrastructure remains as a striking reminder of the site's past, adding another layer of uniqueness and authenticity to an already exceptional offering. Whether your vision is a private waterfront retreat, family compound, boutique hospitality concept, or long-term investment in the ever-evolving Picton area, the opportunity here is undeniable. With a highly motivated owner and a setting this special, the possibilities are as expansive as the property itself.