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There’s a saying that if you’re lucky enough to live on the water, you’re lucky enough. By that standard, the new owners of the Soundfront beach home would be swimming in good fortune.

The four-bedroom, three-bathroom home is brimming with potential for second homeowners looking to get ahead of real estate market defined by low inventory and high demand.

The recently renovated estate is one of only a handful available between the $1 million and $2 million price point on the Sound in Southold Town, according to listing agent Nicholas Planamento of Town & Country Real Estate.

“The scarcity on the market speaks to the home’s value,” he said.

The house sits on .75 acres of prime waterfront land with private beach access. Take in year-round sunset views while sitting on the waterside terrace accessible from the oversized formal dining area.

The inside of the home is turn-key. The spacious 2,200-square-foot open floor plan features hardwood floors and an updated eat-in kitchen with stainless steel appliances.

The main floor is ideal for those who want it all in arms reach. The living room, laundry room, master suite and an additional bedroom are all located on the first floor.

““It’s a flexible floor plan that can work for anyone,” Planamento said.

The upstairs waterside lounge offers another hideaway to entertain guests and gaze out over the Sound. The second floor also has two more roomy bedrooms and a bonus room for storage, or something more creative, if you’re so inclined.

“This house has so many opportunities for the next steward to customize it,” said Planamento. “This is a fun house that takes advantage of its site plan.”

The home is listed for $1.75 million.

See more photos below. View the listing