A rare opportunity awaits with this one-of-a-kind aviation estate, featuring an FAA-registered turf runway, spacious airplane hangar with workshop, and 46 acres of commercially zoned land, offering scenic views of Lake Massabesic. Ideal for pilots, aviation entrepreneurs, or anyone seeking a unique live/work lifestyle, this property blends flexibility with potential! At its heart stands a 3600+ sf 6-bedroom, 3-bathroom, 2.5-story residence, formerly the Bay View Inn - rich with history and ready for its next chapter. C2 zoning offers potential for a wide range of uses, including office, business park, restaurant, hospitality, trade shops/specialty retail, light manufacturing, warehouse, community complex, or a town square concept. There are several outbuildings on the property including a barn - perfect for horses, other livestock or farming equipment. Whether you're establishing a business, creating a fly-in retreat, or searching for a distinctive estate, this property is ready to take your vision to new heights. Bonus Income Opportunity: An adjoining 3-unit multi-family property on 2 acres is available for separate purchase - ideal for rental income, staff accommodations, or extended functionality. See MLS # 5036771 Showings begin Monday 4/21/25, or public open houses will be hosted Thurs 4/24 and Sat. 4/26.