Welcome to 5 Stephenson Ln; the possibilities are endless in this spectacular home with two apartments and residential/commercial zoning. Upon stepping through the main entrance, the herringbone slate floors welcome you into this center hall colonial with a beautiful staircase. This 5 bed 4.5 bathroom home includes an elegant library complete with rolling ladder, a propane-powered fireplace and newly installed cherry wood floors. The massive dining room is perfect for large gatherings of family and friends, and while the open concept kitchen and living room boast an extra-large picture window with stunning views of the bay and Islesboro. The newly installed maple floors in the living and dining rooms are breath taking. In the kitchen, an oversized island and counters are topped in one-of-a-kind stunning light blue granite imported from Iran. A hammered copper farmhouse sink and copper inlaid tile above the stove bring out the copper veins in the stone, while imported Italian tile extends throughout the kitchen and down the hall. New stainless steel appliances and a custom pantry with etched glass door tie the room together perfectly! The back door opens out to the enormous backyard, complete with a large garden with woods beyond it. All first-floor rooms boast water views, and a half bath and laundry room are also on the first floor. A back staircase off the kitchen provides an alternate path to the second floor, where a half bath and four bedrooms await. The primary bedroom boasts original pine wide-plank flooring and plenty of space, as well as an en suite bathroom tiled with soaking tub and imported Italian marble--basket weave floors, penny round on the shower floor and fish scale shower walls with marble seat. On the third floor, there is a second primary bedroom with a full bath, gym and another bedroom/ office. This home also includes a large studio apartment, as well as a two-bedroom apartment, which is perfect for family or as an excellent office space.