Newly priced well below town assessment! Attention Developers and Island Lovers! Take note of this rare opportunity in a prime West Tisbury Location! This mid-century home with excellent bones fronts on Seth's Pond, a beloved locale perfect for swimming, paddle-boarding, and kayaking. 5 Scotty's Lane has an existing 4-bedroom main house with the first floor and lower walk-out level equaling 2,704 of finished space. This does not include the enormous porch where one takes in breathtaking views of the pond. In addition, there is a detached structure which is a perfect candidate for a 1-bedroom ADU. Located on a highly desirable stretch of Lambert's Cove Road, the 1.4 acre lot, flanked by stone walls and pond grasses, is a short stroll to the pristine, town-owned Lambert's Cove Beach where one can enjoy swimming, beach-walking, and sunsets over the water. These structures are blank canvases requiring renovation, but the rewards are undeniable. Seize this chance to create a coastal haven on Martha's Vineyard!