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Are you ready for a little "risk/reward"? This beautiful three bedroom beach cottage has been impacted by beach erosion, but is fully approved for occupancy. Engineer's report is available to confirm structural integrity. Your risk? The Melrose POA has secured a beach nourishment permit, however there is no guarantee a funding source will be available. And your reward? With beach nourishment you have a million dollar beach cottage with views that are "post card" ready.