Discover an extraordinary 4.7-acre estate nestled along the tranquil shores of Hallowell Mills Cove - an unparalleled, once-in-a-generation opportunity in one of Prince Edward County's most exclusive and storied settings. Ideally situated beside the Picton Golf & Country Club, this remarkable property offers a rare combination of natural beauty, rich history, and limitless potential. Framed by two dramatic 50-foot waterfalls one a deep, gorge-style fall and the other a gentle cascade, the property is home to four unique structures. The main residence features 4+1 bedrooms and 2.5 bathrooms, showcasing character-filled details like solid one-inch pine floors, a jacuzzi tub, 12-foot ceilings on the main level, and soaring 20-foot cathedral ceilings in the primary suite. The impressive three-storey, 2,000 sq ft boathouse, once built to house 50-foot megayachts, has been partially converted into a charming 1-bedroom, 1.5-bath secondary dwelling, finished with elegant rosewood. Additional structures include a cozy 250 sq ft winterized cabin and the historic mill foundations, once used to harness the power of the waterfalls for a grist mill at the top and a lumber mill at the base, offering the possibility for restoration or redevelopment. Whether you're a family seeking an extraordinary retreat, a visionary developer, or a savvy investor, Hallowell Mills Cove is a dream site with unlimited potential as Picton continues to grow.