Sea breezes, jaw dropping views of the scintillating Great South Bay, the sounds of marine birds, everchanging boat activity - these are the simple pleasures that you'll have the opportunity to revel in at this picturesque waterfront cape set within the Osprey Cove community. Perhaps one of the best value, most attainable waterfront opportunities on the south shore of Long Island at this juncture in time, this residence could make for an ideal weekend getaway spot or for year-round living! Set on just shy of a quarter acre of level, totally cleared land at the mouth of the Forge River, and offering approximately 150' of direct open bay frontage with recently replaced bulkheading and docking. Within minutes, you have the ability to cross your backyard, hop into your boat, and reach the open Atlantic Ocean by means of the Moriches Inlet - or take a leisurely paddle along the shoreline or up the Forge River, OR venture a bit further and navigate east toward the Hamptons, or west to Fire Island. This location is a true water enthusiast's paradise. With many recent upgrades, including a first floor that was taken down to the studs, the home itself is move-in ready. Upon entering, two oversized picture windows in the primary living area perfectly frame the bay views while vaulted ceilings, wood beamn detail, and skylights add to the airiness of the space. Indoor/outdoor living, with access off the main level to a huge raised deck, newly constructed in 2022. At the front of the house, just off a fully updated kitchen (new cabinetry, Corian counters & butcher block island, new appliances, full subway tiled backsplash, and beautiful wood detailed ceiling), a second vaulted area serves as a spot for formal or informal dining - and offers more views of Lons Creek & the Forge River to the west & north, through a great bay-style window. Again, VIEWS from everywhere! Two bedrooms and a fully updated (3 years ago) full bathroom complete the main level. A full floor primary suite is featured on the second level offering wild views, a full bathroom, generous closet space, convenient in room laundry, and direct dual Andersen slider access to a rooftop deck and "jacuzzi" room/sunroom accessible only to the primary. Many other upgrades are to be considered - among them, a significant lift of the entire house - no flooding concerns, a 2 year old conversion to a high end natural gas Navien heating system & Rheem HW heater, exterior siding updated 1 year ago, a 5 year young roof, and new cesspool installed in approximately 2012. 55 Oceanview is set on supremely quiet dead end block, with access at the opposing side of the block to Osprey Park, for Town of Brookhaven resident use. By car, one will be close to ocean beaches, shopping, and the East End of Long Island - from the awesome towns & villages of the Hamptons to the vineyards of the North Fork. True taxes, before STAR, total to $11,707. A must see opportunity., Additional information: Appearance:Move-In,Separate Hotwater Heater:Yes