Occupying a private waterfront site on Annisquam River, this property has been in the same family since the early 80's. Used now as a seasonal getaway, the home could be renovated to provide a year-round family compound just up river from downtown Gloucester and moments from route 128 to Boston. The two-level home is ideally situated to enjoy its splendid natural setting, with walls of windows and expansive new decks framing waterviews. The main level has a large primary bedroom, full bath with porthole window, and large kitchen opening to fire-placed living and dining areas. On the upper level are 3 bedrooms with river views, full bath and deck. Outside, the property is bordered by terraced gardens and rock outcroppings, with a tidal dock, tidal beach, and storage shed. A separate 2-story garage has heated space for multiple cars and/or boat,with large 1-bedroom one bath apartment above with full kitchen. A rare opportunity to support multi-generational living on the water in Glou.