RARE OPPORTUNITY ON COVETED WAVERLY ROAD IN EAST HIGHLAND PARK, DIRECTLY ACROSS FROM LAKE MICHIGAN. Set on approximately 1.3 acres, this stately 1933 brick and limestone estate combines an exceptional location, substantial existing residence and the flexibility to create something truly extraordinary. Offering approximately 5, 510 square feet, the home is livable as it stands while presenting tremendous potential for renovation, restoration or a complete reimagining. Buyers seeking a classic Highland Park estate can preserve its architectural character while updating the home to their own style and standards. Those envisioning something entirely new may also explore the potential for new construction and a custom luxury residence on this estate-sized homesite. The existing residence showcases the craftsmanship and scale of its era with gracious room proportions, extensive millwork, crown moldings, paneled walls, built-ins, hardwood floors, expansive windows and five fireplaces. A sweeping staircase creates a memorable arrival, while formal living and dining rooms, a private paneled library, light-filled sunroom, custom kitchen, butler's pantry and multiple gathering spaces provide an exceptional foundation for personalization. The formal dining room is especially striking with paneled walls, a carved marble fireplace and statement chandelier, while the sunroom's floor-to-ceiling windows overlook the surrounding grounds and gardens. The private primary suite offers its own fireplace with original Delft tile surround, dressing room, bath and private balcony. Additional bedrooms, baths and recreation spaces provide flexibility for family, guests, home offices or additional living areas. The lower level extends the home's possibilities with a movie theater, fireplace, half bath and storage. Outside, approximately 1.3 acres provide a rare estate-like setting with mature trees, expansive lawn, established landscaping, perennial gardens, a fountain and two bluestone patios. The scale of the property offers room to create a remarkable private retreat and provides the kind of space increasingly difficult to find in this highly desirable area. THE LOCATION IS THE OPPORTUNITY. Positioned directly across the street from Lake Michigan on sought-after Waverly Road, this property places the lakefront lifestyle just outside your door. Enjoy convenient access to Lake Michigan, beaches and parks, Ravinia Festival, downtown Highland Park, shopping, dining, schools and Metra service to Chicago. Move in and update over time. Restore and renovate a classic 1933 brick and limestone estate. Reimagine the existing 5, 510-square-foot residence around today's lifestyle. Or explore the possibilities of creating a new custom luxury home on an approximately 1.3-acre site in one of Highland Park's most desirable locations. For buyers searching for a large homesite, estate property, renovation opportunity or potential custom-build site in Highland Park, the combination of acreage, location and proximity to Lake Michigan makes 1418 Waverly Road an exceptionally compelling offering. The property is being offered AS-IS and priced with its current condition in mind, creating an opportunity for buyers, renovators, builders or those searching for an exceptional homesite near Lake Michigan. The address, acreage and setting are already here. The next chapter is yours to create. Seller has the right to accept an offer at any time. Even if showings haven't started.