An exceptionally rare opportunity to own a waterfront retreat with room to grow on coveted Johnson Pond! This legal 2-family property offers exceptional flexibility-use it as-is, or reimagine it as a single-family home with space for a guest house, ADU, or in-law suite. Perfectly positioned on a double lot with sweeping water views, this restored and updated home is ideal for multi-generational living, guests, or added income potential. The main residence features 4 bedrooms, 2 full baths, laundry, and an open-concept layout with sliding doors leading to a spacious deck overlooking the water. The lower-level suite offers 1 bedroom, 1 bath, and walk-out access to the lawn, private dock, and year-round recreation. A large patio, cabana with its own deck, and generous parking provide endless options for expansion, entertaining, or creating an additional living space. Set just steps from the state's most scenic 20-mile bike path connecting Coventry to Cranston, this property combines waterfront living, versatility, and future potential rarely found in Rhode Island.