KATAMA COASTAL CONTEMPORARY WITH WATER VIEWS. Located in the heart of Katama, with the iconic Katama Airfield and FARM Institute nearby, this contemporary beach house is ideal for enjoying all the best of Katama and South Beach. There are three floors of living space and two levels of decks, which enjoy sweeping views across 180 acres of Katama Plains conservation land - with big open skies that meet the horizon at South Beach and the sparkling blue Atlantic Ocean. The large wraparound deck is a perfect retreat for warm summer days lounging with a book or sunbathing -- and the multiple outdoor dining areas are perfect for morning coffee or alfresco dining with family and/or friends while enjoying a brilliant evening sunset, with the sounds of the ocean nearby. Set on nearly two acres, the property has an expansive yard with lawn area for badminton, croquet and other yard games -- and there is plenty of room to add an in-ground pool, hot tub and/or fire pit (see photo gallery). This idyllic location provides easy access to South Beach and the nearby bicycle path is ideal for bike riding, rollerblading and walking. The Katama Kitchen (former Right Fork Diner) is also just a short stroll away for quintessential summer dining experiences. This property has a solid rental history of over $80,000/year gross income --- and the price includes all furnishings/contents (estimated value of $30,000), a $20,000 landscaping credit PLUS potential rental income that would transfer at closing.