Within steps to the beach and boasting exquisite water views up and down the rocky coast, this seaside Colonial in the quaint village of Magnolia is ready and waiting for a buyer with a little ingenuity. Presented by William Rochford and Brian Rice of Sagan Harborside Sotheby’s International Realty, it lists for just $698,000.

“This sun-filled home has tons of charm and character, as well as an astounding location surrounded by high-end homes,” agree the realtors. “Just bring your imagination and your contractor and make this your dream home.”

A front porch spanning end-to-end ushers you in to a generous, gracious and somewhat “old-fashioned” entry hall adorned with a checkerboard floor. An enclosed porch directly off the foyer is encased with windows, making it the perfect spot for sipping morning coffee or savoring evening cocktails.

Despite the fact that this home is nearly 100 years old, its fluid and flexible layout is precisely what today’s consumer is looking for. On this first level, the kitchen/dining area and the large living room are separated merely by a brick fireplace with an open hearth on one side and a wood burning stove on the other. This bright and sunny, wide open space is enhanced by original 8 over 8 windows, hardwood floors, and floor-to-ceiling built-ins.

One story up, there are three good-sized bedrooms and a family room complete with wall-to-wall carpeting and an attached deck with sweeping views of the Atlantic. Perhaps the most intriguing spot in the house though, is found on the third floor. Wrapped in wood from floor to vaulted ceiling and affording incredible views to the South Shore and beyond, this finished room has limitless potential, including the possibility of an amazing master suite as suggested by the realtors.

This wonderful opportunity to live on beautiful Cape Ann comes with the added bonus of nearby beaches, quaint shops and eclectic restaurants. And while it may feel most days as though you are on a secluded island, this home is still close to public transportation and central Route 128.

For more information on this listing, or to schedule a showing, call William Rochford at 978-764-0152 or Brian Rice at 617-803-1001 or visit www.saganharborside.com.