An exceptional 4.7-acre waterfront property in Prince Edward County, privately situated along Hallowell Mills Cove, adjacent to Picton Golf & Country Club. The property offers elevated views across Picton Bay from its ridge, with direct access to the waterfront and a concrete seawall along the shoreline . One of the property's most distinctive features is a 35-foot waterfall cascading into the cove beside the original stone mill foundation dating back to 1782. A two-storey, 1,744 sq. ft. boathouse offers plumbing and hydro and sits adjacent to a water lot. A private winding driveway leads to the main residence, a former barn converted and rebuilt in 1998, retaining its original beams, barn board and architectural character. The home features an open-concept living, kitchen and dining area, wide-plank pine floors, and two sets of garden doors opening onto a large screened porch. Three bedrooms and two bathrooms are complemented by an expansive primary bedroom, a loft accessed by a spiral staircase, and a lower-level den or additional bedroom with patio access. Immense potential to expand upon the outdoor living. A separate log cabin, equipped with hydro & water provides additional flexibility for a studio, guest accommodations or creative workspace. With its substantial acreage, protected waterfront setting, historic features and proximity to Picton, Hallowell Mills Cove presents a rare opportunity for a private estate, family retreat or long-term investment in one of Prince Edward County's most desirable waterfront locations.
Waterfront on Lake Ontario with lake privileges and a view
Golf course frontage
Cleared waterfront lot with 375 feet of frontage
Home design
Detached single-family residence
Two stories
East-facing
Parking
Circular driveway
Four parking spaces
Construction
Wood siding
Metal roof
Utilities
Private well water
Septic tank
Sale and tax history for 782 County Road 49 N/A
Sale History
Tax History
Date
Event
Price
TREB #X14140030
Oct 30, 2026
Listed
$1,549,900
TREB #X12651864
May 2, 2026
Delisted
—
Mar 30, 2026
Price Changed
$1,699,000
Mar 19, 2026
Price Changed
$1,725,000
Feb 24, 2026
Price Changed
$1,799,000
Feb 9, 2026
Price Changed
$1,850,000
Dec 29, 2025
Listed
$1,999,000
+38
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.
As the MLS and public records start to fill up, we'll list the details here.