An extraordinary opportunity to own approximately 23 riverside acres with not one, but TWO homes, offering endless opportunities for multi-generational living, income potential, or your own private retreat. Set along the beautiful Indian River in Douro-Dummer, this one-of-a-kind property blends recreation, history, and natural beauty in a setting unlike any other. Enjoy extensive river frontage with deeded access to shoreline inclusive to the bridge at 2nd Line, as well as land underwater, allowing you to fish, kayak, canoe, tube, paddleboard, or relax and take in all the peaceful surroundings. The property features two separate residences, each with its own unique appeal. 551 Cooney Island Rd is a riverside two-storey home with a covered veranda, offering 2 bedrooms, 3 bathrooms, and overlooking the water. Meanwhile, 565 Cooney Island Rd is a charming A-frame with 4 bedrooms, 2 bathrooms, soaring open-beam ceilings, and a deck overlooking the river. Ideal for extended family, guests, or short-term rental opportunities. Beyond the two homes, the property also features an insulated chicken coop, a heated workshop with an office and an additional bedroom overlooking the rapids, a stone wood-fired outdoor oven with an outdoor kitchen, a detached bunkie, and an impressive event hall/covered bridge extending over the river. These additional buildings further enhance this remarkable property. The property's historic dam and covered bridge also present the potential for future hydroelectric generation with the appropriate turbine system. The original sawmill equipment and infrastructure remains. Modern conveniences include wells & septic systems, high-speed internet, and year-round municipal road access. Whether your vision is a family estate, recreational retreat, investment opportunity, or simply a place to enjoy nature, this remarkable property offers possibilities that are as expansive as the landscape itself.