Discover the perfect blend of rustic charm and modern comfort at 459 5th Street East in Regina Beach. Nestled on an incredible 18,000+ sq. ft. (.43 acre) private lot, this unique property offers endless possibilities with a self-contained walk-out lower level-ideal for extended family, guests, or an Airbnb/rental opportunity. The beautifully renovated main floor showcases exceptional craftsmanship with custom cedar cabinetry, granite countertops, a large island, live-edge burled oak accents, cedar trim, pine walls, and a stunning cedar, pine, and tin feature ceiling. A cozy gas fireplace creates the perfect gathering space year-round, while durable luxury vinyl plank flooring flows throughout. Recent updates include a fully renovated bathroom (2026), with his/her sinks and soaker tub, a new deck addition nestled in the trees, creating the perfect space to relax and enjoy the peaceful surroundings. The walk-out lower level features its own private entrance, kitchen, living room, two spacious bedrooms, a full bathroom, and large windows that fill the space with natural light. A lockable interior connection allows both levels to function independently, making this home incredibly versatile. Step outside to your own private oasis where a picturesque creek borders the property, crossed by a charming wooden bridge leading out to a 2 minute walk to the lake. Towering mature trees provide exceptional privacy in the summer, while seasonal lake views can be enjoyed in the winter. Additional upgrades include an updated electrical panel with smart meter, new water heater and upgraded plumbing. Whether you're searching for a year-round home, weekend escape, or income-producing property, this one-of-a-kind Regina Beach retreat offers character, privacy, and incredible flexibility. A 5 star rated Air BNB property that pays for itself over and over again!