Nestled in a peaceful, private setting on 1.2 acres, this unique Exeter property presents a rare opportunity to renovate the existing home or build a new custom residence. The current home has been completely gutted, providing a blank canvas while retaining its striking architectural features, including soaring cathedral ceilings with exposed wood beams, a dramatic stone fireplace, and a flexible three-level layout with three bedrooms and two baths.The surrounding landscape offers exceptional privacy, mature natural beauty, and outdoor amenities including a patio and fire pit area. A significant value-add is that the seller has already secured Rhode Island DEM permits for the project, including an approved Freshwater Wetlands Permit and an approved Onsite Wastewater Treatment System (OWTS) permit for construction of a new single-family home. Approved engineering and site plans are included, allowing the next owner to move forward without the lengthy environmental permitting process. Permit documents and approved plans are available upon request.