A very special opportunity to purchase a beautiful 50+ acre oceanfront estate on Vinalhaven's northwest side at a very compelling price. Located at the end of a private gravel driveway and sited approximately 170' above sea level, the primary residence ''Red House'' enjoys beautiful elevated ocean views of Long Cove/Hurricane Sound and beyond. The year-round residence was built by expert craftsman and has artistic and thoughtful design elements throughout including a magnificent stone fireplace, vaulted ceiling, en suite bedrooms, radiant heat, custom built staircase, Aga stove, and much more. The first floor has a gracious entry, bedroom with fireplace, large bath with walk in shower and soaking tub, laundry room, cherry kitchen, spacious great room with fireplace and woodstove, and a powder room. Upstairs is a loft area currently used as a sitting room, two ensuite bedrooms, library, and cupola accessed by a ladder. Outside is a large two-story barn and accessory buildings, a lovely meadow, and two undeveloped building lots with diverse and interesting terrain. The property will transfer with short term shared dock rights, allowing a new owner time to design and build a private dock. This is an incredible value and a once-in-a lifetime opportunity!