Smart Investment Meets Coastal Elegance on Miller Hill! Perched high on sought-after Miller Hill with sweeping views of Cape Cod Bay, this grand and gracious Captains House presents a rare opportunity for smart, flexible ownership in Provincetown. Currently operating as Aerie House, the property features 8 bedrooms and 7 baths, and offers extraordinary potential for conversion to a luxurious single-family residence – with two fully self-contained, revenue-generating units that each enjoy private entrances and separate outdoor spaces, ensuring total privacy for the main home. At this price point, this configuration simply makes sense. Significant potential income would defray carrying costs, allowing owners to enjoy the property while benefiting from strong supplemental revenue. From its commanding position, the house delivers dramatic, panoramic views across the bay to Long Point, Truro, and Wellfleet, as well as the rooftops of Provincetown. The location is unbeatable – steps to the East Ends Gallery District, restaurants, and beaches, yet peacefully removed from the bustle of town. The outdoor living areas were designed with leisure and entertaining in mind… four decks and two patios are framed by lush, curated gardens, ideal for summer gatherings. The large second-floor entertaining deck features a dedicated bar and front-row seats to fireworks and stargazing. Inside, a welcoming wisteria-draped porch leads to a light-filled solarium and an expansive living room with a wood-burning fireplace. Adjacent spaces include a potential open-concept kitchen/dining area and a collection of uniquely styled guest rooms, many with water views..including one deck with a hot tub! A third-floor two-bedroom suite with private deck and butlers pantry, and a main-level efficiency apartment with full kitchen and bath, complete the homes adaptable layout. Additional features include oil-fueled hot water radiator heat, new on-demand hot water system, wall-unit AC in all rooms, parking for six vehicles, and a history of thoughtful maintenance and upgrades. This is not just a home its an opportunity. Whether as a show-stopping private residence with income, a multi-generational compound, or a creative condo conversion, this property offers both flexibility and financial sense in one of Provincetowns most iconic locations.