Set within the sought-after Clearwater Beach Association, this classic cedar-shake Cape offers an exceptional opportunity to own in one of Springs' most sought-after waterfront communities. Set on .43± acre with mature trees and a spacious backyard, the property combines timeless Hamptons character with outstanding potential. The traditional floor plan features three bedrooms, two full baths, one half bath and hardwood flooring. A spacious living room anchored by a wood-burning fireplace flows into an open dining area, finishing with an eat-in kitchen overlooking the rear yard. A full unfinished basement provides abundant storage and the opportunity for future expansion, while an existing four-bedroom septic system offers additional flexibility for the property's future potential. Outside, the expansive backyard and rear deck offer privacy, room for a pool, a shed, and endless possibilities for outdoor entertaining. Ownership includes coveted Clearwater community amenities, including beach rights, waterfront access, dock rights, and boating opportunities, placing bay beaches, kayaking, paddle boarding, and the best of East Hampton just minutes away. This property presents an exceptional opportunity for year-round living, a weekend retreat, or a thoughtful renovation in a premier Hamptons location.