Set on just over five acres in a highly desirable Lincoln location, this spacious 3,500 sq. ft. single-family home offers exceptional potential for the right buyer. The property features four bedrooms, five full bathrooms, three fireplaces, a partially finished basement, potential for an in-law suite, and a two-car garage, all set well back from the road for outstanding privacy with 50 feet of frontage on Cobble Hill Road. The home requires a full rehab but presents an excellent opportunity to restore a large, character-filled residence. Beyond the home itself, the expansive lot offers significant development potential, with an expired approval for a three-lot subdivision off the existing Cara Drive cul-de-sac and preliminary plans indicating the possibility of up to seven lots. Whether you choose to renovate, rebuild, or pursue subdivision, this property's size, privacy, and prime location make it a truly rare investment opportunity in Lincoln. Reach out today for a private tour or more information