KATAMA! This premiere island neighborhood, true Katama, not the outskirts, continues to be a magnet for beachgoers. This property has been enjoyed by the same family for 38 years and they are the original owners. It's located just 1.4 miles to the water's edge at South Beach in an area of new, high-end construction and renovation due to its desirability and proximity to the beach. Aside from the location of this home, it offers the basis for substantial improvement. There are four bedrooms - two on the first floor with full bath on the hall - large great room with cathedral ceiling linking the house to the garage, town water and an existing four- bedroom septic system in the front of the home, leaving the entire rear yard open for a future pool. In addition, an upgraded, enhanced nitrogen reducing septic system has been designed and approved by the Board of Health, allowing for a fifth bedroom. This is an important consideration because the attached two-car garage has significant, second-floor unfinished space that could be converted to living space. The possibilities for this desirable property are many.