This home on 1.94 acres right on Long Island Sound offers more than a room with a view -- how about a whole house with a view? Located in Riverside, Conn. (part of tony Greenwich, where Kathie Lee Gifford and hubby Frank live) and built in 1956, this estate is offered for $12,900,000.

Sited in the gated Harbor Point Association, a peninsula of more than 500 feet of shoreline, this Contemporary Colonial offers the next owner the chance to build under current zoning for a new 11,000-plus square foot custom waterfront estate or live in the existing home, which is light-filled and recently updated with a cook's kitchen, built-in bookshelves, five tiled baths, new systems and new landscaping by a professional designer. There are two family rooms and two master suites among six bedrooms on both first and second floors. Three fireplaces and an artist's studio complete the picture.

Walk or jog to Elias Point, a sandy beach. A spectacularly landscaped enclave, historic Harbor Point is situated on the sweeping grounds of the former 49-acre Frederick T. Bonham estate, "Walhall," a legendary LI Sound private property with some of Southern Connecticut's best water views. The association's other amenities include a boat dock, boat mooring, picnicking and fishing privileges.