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Tucked away on the water at Hallowell Mills Cove, this rare 4.7 acre holding offers a combination of land, location, and legacy that is seldom available in Prince Edward County. With direct waterfront, dramatic natural features, and immediate proximity to the Picton Golf & Country Club, the property delivers both privacy and connection in equal measure. The landscape is defined by movement and sound, as two waterfalls cross the site- one carving a deep rock gorge, the other flowing gently toward the cove. Spread across the grounds are several distinct structures, creating a compound-like setting with flexibility for personal use, guest accommodation, or future planning. At the center of the property is a five-bedroom, 2.5 bath residence filled with authentic character, including wide pine floors and striking ceiling heights throughout. Nearby, a substantial three-story boathouse- originally designed to accommodate large yachts - has been partially reimagined as a refined one-bedroom suite finished in rich rosewood and positioned directly over the water. A separate winterized cabin adds yet another layer of versatility. Anchoring the site is the original mill infrastructure, a visible reminder of the property's role in the area's early industrial history, where water power once supported both grist and lumber operations. Whether envisioned as a private waterfront retreat, a multi-use family compound, or a long-term investment in a rapidly envolving area of Picton, this is a property defined by scale, setting, and opportunity.
Fridge, Stove, Dishwasher, Washer, Dryer
City: Prince Edward County
Neighborhood: Hallowell Ward

| Purchase Price | $1999000 |
| Down Payment | $399800 |
| Mortgage Insurance | $0 |
| Total Mortgage | $1599200 |
| Mortgage Payment | $9855 |
| Property Taxes | $536 |
| Maintenance Fees | $0 |
| Monthly Payment | $10390 |
Sold Comparables homes near 782 County Road 49, Prince Edward County
Located at 782 County Road 49 , this Prince Edward County house is available for sale. This property was listed for $1,999,000 on Tue Dec 30 2025. This house's size is 1100-1500 Sqft. It has 3 bedrooms and 6 bathrooms. The property includes the following rooms: Living, Dining, Kitchen, Sunroom, Sunroom, Bathroom, Br, 2nd Br, 3rd Br, Bathroom, Loft, Rec, Utility, Bathroom. This property comes with 4 parking spots. 782 County Road 49, Prince Edward County is situated in the Hallowell Ward neighbourhood.
MLS#: X12651864 · $1,999,000 · 3 bedroom house in Hallowell Ward, Prince Edward County