Included in the asking price are two separate parcels: a beautifully updated 3-bedroom home and an adjacent 16,000 square foot buildable lot. No subdivision is required. The lot is ready for your plans or may be sold separately after closing, offering exceptional flexibility for a family compound, second home, or future investment. An easement is being established along the existing driveway to provide access to the residence while allowing the buildable lot to remain an independent parcel. Just moments from downtown Vineyard Haven, the ferry terminal, shops, restaurants, and harbor, this rare offering combines the convenience of in-town living with a peaceful residential setting. The beautifully maintained home offers over 2,300 square feet of living space with three bedrooms, 2.5 baths, central air, and wood flooring throughout. An updated kitchen with walk-in pantry opens to the dining area, while a first-floor powder room with laundry adds convenience. A substantial 2010 addition expanded the home with a spacious, light-filled living room and a generous second-floor primary suite. Two additional bedrooms and a full bath comfortably accommodate family and guests. Outside, a large deck overlooks beautifully landscaped grounds with native plantings, stonework, and a fire pit gathering area. A detached studio provides flexible space for an office, art studio, or hobbies, while the full walk-out basement offers abundant storage. Whether you're searching for a year-round home, vacation retreat, or investment opportunity, this property offers something increasingly rare on Martha's Vineyard: a move-in-ready home paired with a separate buildable lot, all in one purchase.