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Whether you are looking to establish a business, create a unique Downtown residence, or add a versatile property to your investment portfolio, 312 N Davis Hwy offers location, visibility, historic appeal, and flexibility in one compelling package. 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Tucked into North Hill just minutes from downtown, you're two lots away from the neighborhood's tennis\/pickleball courts and playground \u2014 an easy stroll on evenings and weekends.  Inside, the 5-bedroom, 4-bath home (2,229 sq ft) brand new LVP floors running through the living space, paired with travertine tile in the bathrooms. The living room is bright and welcoming, with a fireplace that makes it feel lived-in rather than staged. The kitchen's been updated with stainless steel appliances and granite counters, so you get the historic bones with the modern conveniences people actually want. The roof is brand new along with the AC and electrical panel, which is one less thing to worry about.  Out back, there's a detached guest house with its own full bath and tiled floors \u2014 great for guests, a home office, or whatever flexible space you need. The backyard is fully fenced for privacy and has a firepit area that's made for slow evenings with friends. 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Currently operating as a profitable Airbnb, the property generated approximately $27,000 in revenue in 2025 and has already produced approximately $24,000 in 2026, offering an attractive opportunity for investors or second-home buyers. Would also be perfect for those looking for a rare move-in-ready primary residence at this price range.The home has benefited from extensive updates over the past two years, including new interior and exterior paint, new flooring throughout, new fencing, an updated electrical panel, and replacement of the plumbing line between the home and septic system. The kitchen has been completely refreshed with new appliances, countertops, sink and faucet, along with beautifully refinished cabinetry. The bathroom has also been updated with a new vanity, faucet, and bath fixtures. Outside, the cottage offers even more charm and usable living space. An adorable front porch sitting area creates a welcoming first impression and a perfect spot for morning coffee or relaxing at the end of the day. Out back, a large private yard provides plenty of room to enjoy the outdoors, with a small open patio directly outside the home, a storage shed, and an additional covered sitting area farther into the yard\u2014ideal for entertaining, relaxing, or creating a peaceful outdoor retreat. With its combination of recent improvements, established short-term rental income, inviting outdoor spaces, and convenient location near downtown, dining, shopping, entertainment, and the beaches, this cottage offers excellent versatility and value. 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