Rare opportunity in the heart of Ephraim combining historic character, additional living space, and future development potential. Built in 1900, this home has preserved much of its original pioneer woodwork, doors, and hardware while adding modern electrical, plumbing, HVAC, and on-demand hot water. The oversized detached garage is insulated and features an original-style barn door, with a studio apartment space above complete with a range, mini fridge, dishwasher, en suite bathroom, laundry hookups, and mini-split heating and cooling. Additional space has been designed for a future ADU and is currently used as a woodshop, with plumbing and electrical already in place and preliminary city approval for an apartment. The .54-acre lot offers even more potential with commercial zoning and the possibility for future multi-unit development, subject to city approval. The property also features a fenced and landscaped yard, fiber internet, city water, sewer and power, natural gas, and an addition thoughtfully designed to match the character of the original home. Select restored late-1800s pioneer furniture may also be available for purchase, making this a truly unique Ephraim property with history, flexibility, and room to grow.